Form 4: TD SYNNEX Executive Polk Reports Stock Transactions

TD SYNNEX Director and Hyve Solutions Executive Dennis Polk reported the acquisition of 5,739 restricted shares and the disposition of 2,757 shares for tax purposes.

Summary

• Dennis Polk, a Director and Hyve Solutions Executive at TD SYNNEX CORP, reported transactions involving the company's common stock.
• Polk acquired 5,739 shares of restricted stock at a price of $0 per share, awarded under the 2020 Stock Incentive Plan.
• Polk disposed of 2,757 shares of common stock at a price of $156.81 per share, which is typically for tax withholding purposes related to equity awards.
• Following these transactions, Polk directly owns 34,099 shares and indirectly owns 81,660 shares through a trust.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, including a restricted stock award and a disposition for tax withholding. These are standard events and do not indicate a significant positive or negative shift in company performance or outlook.

Positives

• The acquisition of 5,739 shares of restricted stock demonstrates continued equity participation by a key executive, aligning management interests with shareholders.
• The restricted stock award is part of the company's established 2020 Stock Incentive Plan, indicating ongoing executive compensation and retention strategies.

Negatives

• The disposition of 2,757 shares, while likely for tax withholding, results in a reduction of direct beneficial ownership.

Risks

• No specific company-related risks were disclosed in this Form 4 filing.

Future Outlook

The 5,739 restricted stock shares will vest as to one-third of the shares on each of the first three anniversaries of the grant date.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common for executives receiving equity compensation. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: Minor impact, as these are routine compensation-related transactions for an executive. The increase in direct and indirect ownership (net of tax disposition) aligns executive interests with shareholders.

Next Steps

• The restricted stock awarded on 10/15/2025 will vest in three equal annual installments starting one year from the grant date.

Key Dates

Keywords

TD SYNNEX, SNX, Dennis Polk, Form 4, Insider Transaction, Restricted Stock, Executive Compensation, Stock Award, Hyve Solutions