Form 4: TD SYNNEX Director Richard T. Hume Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Director Richard T. Hume of TD SYNNEX CORP executed multiple sales of common stock on November 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Richard T. Hume, a director of TD SYNNEX CORP, reported the sale of common stock on November 4, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on June 28, 2024.
- A total of 19,990 shares were sold in multiple transactions at weighted average prices ranging from $115.89 to $117.17.
- Following the reported transactions, Hume beneficially owns 151,080 shares of TD SYNNEX CORP common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the stock sales were conducted under a pre-arranged trading plan, suggesting routine transactions rather than a change in outlook.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. Rule 10b5-1 plans allow insiders to sell shares over a predetermined period, avoiding concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| June 28, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| November 04, 2024 | Date of the stock sale transactions |
| November 05, 2024 | Date of the signature on the Form 4 filing |
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