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

Richard T. Hume, a director at TD SYNNEX CORP, sold a total of 20,000 shares of common stock on October 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 16, 2024, Richard T. Hume, a director of TD SYNNEX CORP, sold 700 shares of common stock at a price of $119.85.
• He also sold 17,271 shares at a weighted average price of $120.71, with prices ranging from $120.24 to $120.995.
• Additionally, Hume sold 2,029 shares at a weighted average price of $121.07, with prices ranging from $121.00 to $121.22.
• These sales were executed under a Rule 10b5-1 trading plan adopted on June 28, 2024.
• Following these transactions, Hume directly owns 171,080 shares of TD SYNNEX CORP common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports stock sales under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholders if it creates downward pressure on the stock price, although the impact is likely to be minimal given the pre-planned nature of the sales.

Key Dates