Form 4: TD SYNNEX Director Sells Shares Under 10b5-1 Plan

TD SYNNEX Director Dennis Polk sold 3,000 shares of common stock for approximately $445,494 through a pre-arranged 10b5-1 trading plan.

Summary

• Dennis Polk, a Director and Hyve Solutions Executive at TD SYNNEX CORP (SNX), reported the sale of 3,000 shares of common stock.
• The sales occurred on September 4, 2025, through multiple transactions at weighted average prices ranging from $147.82 to $149.14 per share.
• The total value of the shares sold amounts to approximately $445,494.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Polk on October 13, 2024, on behalf of the Polk family trust.
• Following these sales, Mr. Polk beneficially owns 35,295 shares directly and 84,660 shares indirectly through the trust, totaling 119,955 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the use of a pre-arranged 10b5-1 plan mitigates concerns about opportunistic timing, making it a routine liquidity event for the insider rather than a signal about company performance.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating pre-scheduled, non-discretionary transactions and mitigating concerns about opportunistic insider selling.

Negatives

• The transactions resulted in a reduction of 3,000 shares in Dennis Polk's beneficial ownership, decreasing insider alignment with shareholders.

Future Outlook

This filing, a Form 4, reports insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report provides specific details about a director's stock sale and does not offer broader industry context or trends. It is a routine disclosure for publicly traded companies.

Comparison to Industry Standards

• Insider trading reports (Form 4) are standard regulatory disclosures across all publicly traded companies in the U.S. and are not typically compared to industry-specific benchmarks.
• The use of a Rule 10b5-1 plan is a common practice among executives to manage personal liquidity while adhering to insider trading regulations, aligning with corporate governance best practices.

Corporate Governance

Related Party Transactions

• The sales were made on behalf of the Polk family trust, of which Dennis Polk is a trustee. This constitutes an indirect beneficial ownership transaction by a related party (the trust).

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which could be perceived as a slight decrease in management's direct financial alignment with shareholder interests, though mitigated by the 10b5-1 plan.

Key Dates

Keywords

TD SYNNEX, SNX, Insider Trading, Form 4, Dennis Polk, Stock Sale, 10b5-1 Plan, Director, Executive