Form 4: TD SYNNEX Director Saintil Merline Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Saintil Merline of TD SYNNEX CORP sold 117 shares of common stock at a price of $118.95 on July 31, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 31, 2024, Saintil Merline, a director of TD SYNNEX CORP, sold 117 shares of common stock.
- The sale was executed at a price of $118.95 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 1, 2024.
- Following the transaction, Saintil Merline directly owns 5,982 shares of TD SYNNEX CORP.
- The sale was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Sales by insiders are common 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.
Key Dates
| Date | Description |
|---|---|
| 2024-05-01 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 2024-07-31 | Date of the stock sale transaction |
| 2024-08-01 | Date of the signature on the Form 4 filing |
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