Form 4: TD SYNNEX Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
TD SYNNEX Director Ann F. Vezina reported the sale of 812 shares of common stock at $150.42 per share, executed under a pre-planned Rule 10b5-1 trading plan.
Summary
- Ann F. Vezina, a Director of TD SYNNEX Corp (SNX), reported a transaction involving the company's common stock.
- On August 13, 2025, Ms. Vezina disposed of 812 shares of TD SYNNEX Common Stock.
- The shares were sold at a price of $150.42 per share.
- Following this transaction, Ms. Vezina beneficially owns 6,079 shares of Common Stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan, indicating a scheduled sale.
Sentiment
Score: 5
Explanation: A director selling shares is generally seen as neutral to slightly negative, but the presence of a Rule 10b5-1 plan mitigates any negative sentiment, indicating a pre-scheduled, non-discretionary sale.
Positives
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than a reaction to new, non-public information, which mitigates potential negative perceptions of insider selling.
Negatives
- A director selling shares reduces their direct ownership stake in the company.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.
Industry Context
This filing reports an individual director's stock transaction and does not provide information relevant to broader industry trends or competitive landscape analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Ann Vezina granted a Power of Attorney to specific individuals (David Vetter, Wayne Hanewicz, Cheryl Grant, Maribeth Bautista) to execute and file SEC Forms 3, 4, and 5 on her behalf, and to manage her EDGAR account. | 06/18/2025 | This streamlines the process for the director to comply with Section 16 reporting requirements, ensuring timely and accurate filings. |
Related Party Transactions
- The reported transaction is an insider sale by a director, which is inherently a related party transaction in the context of SEC reporting requirements.
Stakeholder Impact
- Shareholders: The sale by a director could be perceived as a slight negative signal, though mitigated by the 10b5-1 plan. It reduces the director's direct alignment with shareholder interests through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 06/18/2025 | Date of Power of Attorney execution by Ann Vezina. |
| 08/13/2025 | Date of common stock transaction (sale) by Ann F. Vezina. |
Recommendation
holdThe filing details a routine insider sale executed under a Rule 10b5-1 plan, which indicates a pre-scheduled transaction rather than a reaction to new material information. While insider sales can sometimes be viewed negatively, the 10b5-1 plan mitigates this concern. The transaction itself is not indicative of the company's fundamental performance or future prospects, thus a 'hold' recommendation is appropriate as this filing alone does not provide sufficient new information to warrant a change in investment thesis.
Keywords
TD SYNNEX, SNX, Form 4, Insider Trading, Director Sale, Ann Vezina, Stock Transaction, Rule 10b5-1, Securities Exchange Act
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