Form 4: TD SYNNEX Exec Awarded Restricted Stock
Insider Transaction Report
Miriam Murphy, President of Europe for TD SYNNEX Corp, received a restricted stock award and disposed of shares for tax purposes.
Summary
- Miriam Murphy, President of Europe for TD SYNNEX Corp (SNX), reported transactions on October 15, 2025.
- She disposed of 1,463 shares of common stock at a price of $156.81 per share, identified as a payment of tax liability (Transaction Code 'F').
- She was awarded 4,782 shares of restricted common stock under the 2020 Stock Incentive Plan at a price of $0.
- The restricted stock award is scheduled to vest in three equal annual installments, with the first vesting occurring one year from the grant date of October 15, 2025.
- Following these reported transactions, Miriam Murphy's direct beneficial ownership in TD SYNNEX Corp common stock stands at 18,202 shares.
Sentiment
Score: 7
Explanation: The filing indicates a routine executive compensation event with a significant restricted stock award, which is generally positive for aligning management incentives. The disposition for tax purposes is a standard occurrence with such awards and does not reflect negative sentiment.
Positives
- Miriam Murphy received an award of 4,782 shares of restricted stock, aligning her incentives with long-term shareholder value.
- The stock award was granted at a price of $0, representing a direct equity grant to a key executive.
Negatives
- 1,463 shares were disposed of at $156.81 per share, likely to cover tax liabilities associated with equity compensation, which reduces direct ownership.
Future Outlook
The awarded restricted stock is set to vest in three equal annual installments on October 15, 2026, October 15, 2027, and October 15, 2028, linking executive incentives to the company's sustained performance.
Industry Context
This filing represents a routine executive compensation event, common across publicly traded companies to incentivize and retain key management personnel through equity awards. It reflects standard corporate governance practices rather than broader industry-specific trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Miriam Murphy executed a Power of Attorney, authorizing David Vetter, Wayne Hanewicz, Cheryl Grant, and Maribeth Bautista to execute and file Forms 3, 4, and 5 on her behalf with the SEC. | 2025-06-18 | This administrative delegation streamlines the process for timely and compliant SEC filings for insider transactions, ensuring adherence to Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- **Shareholders:** The restricted stock award aligns executive incentives with long-term shareholder value creation, as vesting is tied to future performance and continued employment.
- **Employees (Executive):** Miriam Murphy receives a significant equity award, enhancing her compensation package and contributing to executive retention.
Next Steps
- 1/3 of the awarded restricted stock will vest on October 15, 2026.
- Another 1/3 of the awarded restricted stock will vest on October 15, 2027.
- The final 1/3 of the awarded restricted stock will vest on October 15, 2028.
Key Dates
| Date | Description |
|---|---|
| 2025-06-18 | Date Miriam Murphy executed the Power of Attorney. |
| 2025-10-15 | Date of reported stock disposition and restricted stock award transactions. |
| 2025-10-16 | Date the Form 4 was signed by the attorney-in-fact, Cheryl Grant. |
| 2026-10-15 | First anniversary of the restricted stock grant, when 1/3 of the shares are scheduled to vest. |
| 2027-10-15 | Second anniversary of the restricted stock grant, when another 1/3 of the shares are scheduled to vest. |
| 2028-10-15 | Third anniversary of the restricted stock grant, when the final 1/3 of the shares are scheduled to vest. |
Keywords
TD SYNNEX, SNX, Miriam Murphy, Insider Transaction, Restricted Stock Award, Executive Compensation, Form 4, Equity Grant
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