Form 4: TD SYNNEX Executive Polk Exercises Options, Sells Shares

Dennis Polk, a Director and Executive at TD SYNNEX, exercised stock options and subsequently sold an equivalent number of shares on January 12, 2026.

Summary

• Dennis Polk, a Director and Hyve Solutions Executive at TD SYNNEX Corp (SNX), engaged in transactions involving the company's common stock on January 12, 2026.
• Polk exercised stock options to acquire a total of 20,000 shares of common stock.
• Specifically, 3,997 shares were acquired at an exercise price of $106.35 per share, 15,372 shares at $107.32 per share, and 631 shares at $107.32 per share.
• Concurrently, Polk sold a total of 20,000 shares of common stock.
• The sales included 7,432 shares at a weighted average price of $149.61 per share, 631 shares at $149.67 per share, and 11,937 shares at a weighted average price of $150.23 per share.
• Following these transactions, Polk directly holds 34,099 shares and indirectly holds 72,807 shares through a trust, totaling 106,906 shares.
• The stock options had vesting schedules, with 20% vesting on the first anniversary of the grant date and 1/60th monthly thereafter.

Sentiment

Score: 6

Explanation: The transaction is a routine insider sale following option exercise, which is a common way for executives to monetize their equity compensation. While it reduces direct share count, it is not necessarily a negative signal about the company's future prospects, especially given the executive still holds a substantial number of shares directly and indirectly. The executive realized a profit, which is positive for them.

Positives

• The executive realized a significant gain by exercising options at lower prices and selling shares at higher market prices, indicating personal financial benefit.
• The exercise of options demonstrates the value of the company's equity compensation plan.

Negatives

• The executive sold 20,000 shares, reducing their direct beneficial ownership of common stock by that amount.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of shares by an executive could be perceived as a slight negative, but it is a common practice for executives to diversify their holdings or realize gains from equity compensation. The overall impact is likely minimal given the routine nature of the transaction.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an executive exercised stock options and sold an equivalent number of shares. Such transactions are common for executives to realize gains from their equity compensation and manage personal finances. It does not provide new fundamental information about the company's operations, financial health, or strategic direction that would warrant a change in investment recommendation. The executive still retains significant beneficial ownership, suggesting continued alignment with shareholder interests. Therefore, a 'hold' recommendation is appropriate, as this filing alone does not present a compelling reason to buy or sell the stock.

Keywords

TD SYNNEX, SNX, Dennis Polk, Insider Trading, Form 4, Stock Options, Share Sale, Executive Compensation, Beneficial Ownership