Form 4: TD SYNNEX Director Richard T. Hume Sells Shares Under 10b5-1 Plan

Director Richard T. Hume of TD SYNNEX Corp sold a total of 20,000 shares of common stock on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Richard T. Hume, a director at TD SYNNEX Corp, sold 20,000 shares of common stock on December 2, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 28, 2024.
• The shares were sold in multiple transactions at varying prices, ranging from $118.75 to $122.04.
• The weighted average sale prices for the transactions ranged from $119.52 to $122.04.
• Following these transactions, Mr. Hume beneficially owns 131,080 shares of TD SYNNEX common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider trading activity. It does not contain any information that would be considered significantly positive or negative for the company's outlook.

Risks

• The sale of shares by a director could be perceived negatively by some investors, potentially impacting the stock price.
• The use of a 10b5-1 plan indicates a pre-planned sale, which may not reflect the director's current outlook on the company's future.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives and directors to use 10b5-1 plans to manage their personal finances and avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate insiders to sell shares without being accused of trading on non-public information.
• The reported transactions are consistent with typical Form 4 filings for insider sales.
• The price ranges at which the shares were sold are within the normal trading range for the stock on the transaction date.

Stakeholder Impact

• The share sales may have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

TD SYNNEX, Richard T. Hume, insider trading, share sale, Form 4, 10b5-1 plan, director, stock transaction