Form 4: TD SYNNEX Executive Dennis Polk Sells Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Dennis Polk, a Director and Hyve Solutions Executive at TD SYNNEX Corp (SNX), reported the sale of 3,000 shares of common stock totaling approximately $418,000 through a Rule 10b5-1 trading plan.
Summary
- Dennis Polk, a Director and Hyve Solutions Executive at TD SYNNEX Corp (SNX), reported multiple sales of common stock on July 7, 2025.
- A total of 3,000 shares were sold across four separate transactions.
- The sales were executed at weighted average prices ranging from $138.72 to $141.32 per share.
- The transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 13, 2024, on behalf of the Polk family trust.
- Following these transactions, Dennis Polk's indirect beneficial ownership by trust decreased to 90,660 shares, and direct ownership remained at 35,295 shares, for a total of 125,955 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine disclosure of insider stock sales conducted under a pre-arranged Rule 10b5-1 plan, which is a common practice for executives for diversification or liquidity purposes.
Positives
- The sales were conducted under a Rule 10b5-1 trading plan, which indicates pre-planned transactions and enhances transparency, mitigating concerns about opportunistic insider selling.
Negatives
- The transactions resulted in a reduction of Dennis Polk's indirect beneficial ownership in TD SYNNEX common stock.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Implementation | The sales were executed pursuant to a Rule 10b5-1 trading plan, adopted on October 13, 2024. This plan allows insiders to pre-arrange trades to avoid accusations of trading on material non-public information. | 10/13/2024 | Enhances transparency and compliance with insider trading regulations, demonstrating a commitment to ethical trading practices. |
Related Party Transactions
- The reported sales were effectuated on behalf of the Polk family trust, of which the reporting person, Dennis Polk, is a trustee. This constitutes a transaction involving a related party.
Stakeholder Impact
- Shareholders: The reduction in insider ownership might be noted by investors, though the pre-arranged nature of the sales (10b5-1 plan) typically mitigates negative interpretations.
Next Steps
- The reporting person undertakes to provide information regarding the number of shares sold at each separate price within the reported ranges upon request to the issuer, SEC staff, or any security holder.
Key Dates
| Date | Description |
|---|---|
| 10/13/2024 | Date the Rule 10b5-1 trading plan was adopted by the reporting person. |
| 07/07/2025 | Date of the reported stock transactions. |
| 07/08/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
TD SYNNEX, SNX, Form 4, Insider Trading, Stock Sale, Rule 10b5-1, Dennis Polk, Corporate Governance, Equity Transaction
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