Form 4: TD SYNNEX Director Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Merline Saintil, a director of TD SYNNEX CORP, sold 117 shares of common stock at a price of $115.16 per share on September 4, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 4, 2024, Merline Saintil, a director of TD SYNNEX CORP, sold 117 shares of the company's common stock.
- The sale was executed at a price of $115.16 per share.
- Following the transaction, Saintil directly owns 5,865 shares of TD SYNNEX CORP.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on May 1, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale by a director under a pre-arranged trading plan, suggesting a neutral sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| May 1, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| September 4, 2024 | Date of the transaction (stock sale) |
| September 5, 2024 | Date of signature on the Form 4 filing |
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