Form 4: TD SYNNEX Director Richard T. Hume Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Richard T. Hume of TD SYNNEX CORP sold shares of common stock on March 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Richard T. Hume, a director of TD SYNNEX CORP, sold shares of the company's common stock on March 3, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on June 28, 2024.
- A total of 23,055 shares were sold at prices ranging from $133.90 to $138.28.
- Following the transactions, Hume directly owns 65,480 shares of TD SYNNEX CORP common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a pre-planned stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-06-28 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-03-03 | Date of share sale transactions |
| 2025-03-04 | Date of Form 4 filing |
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