Form 4: TD SYNNEX Director Kathleen Crusco Receives Stock Award
Statement of Changes in Beneficial Ownership
Director Kathleen M. Crusco was granted 1,022 shares of restricted stock as part of the company's 2020 Stock Incentive Plan.
Summary
- Director Kathleen M. Crusco acquired 1,022 shares of TD SYNNEX common stock on April 15, 2026.
- The shares were granted as restricted stock under the company's 2020 Stock Incentive Plan.
- Following this transaction, the director's total beneficial ownership is 5,547 shares.
- The restricted stock vests in four equal quarterly installments following the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in nature.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized vesting schedule ensures long-term commitment from the director.
Negatives
- None identified.
Risks
- Market volatility affecting the value of equity holdings.
Future Outlook
The restricted stock will vest as to 25% of the shares on the last day of each of the four fiscal quarters following the grant date.
Management Comments
- No specific management commentary provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice in the IT distribution and solutions industry to ensure board alignment with long-term shareholder value.
Comparison to Industry Standards
- The use of a 2020 Stock Incentive Plan for director compensation is consistent with standard practices among large-cap technology service providers.
- Vesting schedules of one year for director equity are common among peers such as Ingram Micro or Arrow Electronics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Kathleen Crusco authorized David Vetter, Wayne Hanewicz, Cheryl Grant, and Maribeth Bautista to file SEC forms on her behalf. | 06/18/2025 | Administrative efficiency for regulatory compliance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- Vesting of the restricted stock units over the next four fiscal quarters.
Key Dates
| Date | Description |
|---|---|
| 06/18/2025 | Date of Power of Attorney execution. |
| 04/15/2026 | Date of the restricted stock grant transaction. |
| 04/16/2026 | Date of filing signature. |
Keywords
TD SYNNEX, SNX, Form 4, Insider Trading, Director Compensation, Equity Incentive Plan
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