Form 4: TD Synnex Executive Dennis Polk Executes Stock Option and Sells Shares

TD Synnex executive Dennis Polk exercised stock options and sold shares on January 16, 2025, resulting in a net decrease in his direct holdings.

Summary

• Dennis Polk, an executive at TD Synnex, exercised stock options to acquire 22,000 shares of common stock at a price of $90.52 per share on January 16, 2025.
• On the same day, Polk sold a total of 22,000 shares in multiple transactions at weighted average prices of $135.96, $136.55, and $137.30.
• Following these transactions, Polk directly owns 39,898 shares and indirectly owns 105,387 shares through a trust.
• Polk also holds 28,570 derivative securities in the form of employee stock options.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive stock transactions are a common practice in publicly traded companies, and this filing is consistent with standard reporting requirements.
• Similar filings are made by executives at comparable companies such as Ingram Micro and Tech Data, which are also major players in the IT distribution industry.
• The stock option exercise and subsequent sale of shares are typical components of executive compensation packages.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is likely to be minimal.
• The filing provides transparency to shareholders regarding executive compensation and trading activities.

Key Dates

Keywords

stock options, share sales, insider trading, executive compensation, TD Synnex, SNX, equity