Form 4: TD SYNNEX Executive Dennis Polk Sells Shares to Cover Tax Obligations

TD SYNNEX executive Dennis Polk sold 319 shares of common stock to cover tax obligations related to vesting of restricted stock units.

Summary

• Dennis Polk, an executive at TD SYNNEX Corp, sold 319 shares of common stock on January 21, 2025.
• The sale was executed at a price of $140.77 per share.
• This transaction was to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Polk directly owns 39,579 shares and indirectly owns 105,387 shares through a trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares after vesting to cover taxes.

Comparison to Industry Standards

• Executive stock sales are a common practice across publicly traded companies, especially after vesting of restricted stock units.
• The sale of 319 shares is relatively small compared to the total holdings of the executive, which is typical for tax-related sales.
• Other technology executives at similar companies like Ingram Micro or Tech Data also regularly file Form 4s for similar transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

TD SYNNEX, stock sale, insider trading, executive, Dennis Polk, Form 4, share transaction, tax obligations, Hyve Solutions