TD SYNNEX (NYSE: SNX) updates Hyve Solutions performance-based RSU forms
Rhea-AI Filing Summary
TD SYNNEX Corporation’s compensation committee approved new forms of Hyve Solutions performance-based restricted stock unit award agreements on July 28, 2026. The agreements cover both U.S. and non-U.S. participants and are intended for use under the company’s 2020 Stock Incentive Plan.
The awards are structured as performance-based restricted stock units that vest based on achieving performance targets tied to the financial performance of Hyve Solutions US Global Holding Corporation over a three-year performance period, and require continuous service with the Hyve Solutions business through the end of that period. For employees outside the U.S., a consolidated non-U.S. global template is used, with country-specific appendices for local disclosures and agreements.
Positive
- None.
Negative
- None.
Filing Explained
The filing approves templates that may be used for future Hyve Solutions performance-based restricted stock unit awards; it does not report a specific grant or quantify shares, so no present issuance or dilution amount is established.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Approval date: July 28, 2026
Performance period: three-year performance period
Equity plan: 2020 Stock Incentive Plan
3 metrics
Approval date
July 28, 2026
Date the compensation committee approved Hyve Solutions performance-based RSU award agreements
Performance period
three-year performance period
Vesting based on Hyve Solutions financial performance over this period
Equity plan
2020 Stock Incentive Plan
Plan under which Hyve Solutions performance-based RSUs may be granted
Key Terms
Performance-Based Restricted Stock Unit, continuous service, 2020 Stock Incentive Plan, non-US global templates
4 terms
Performance-Based Restricted Stock Unit financial
"forms of Notice of Hyve Solutions Performance-Based Restricted Stock Unit Award"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
continuous service financial
"conditioned on continuous service for the Hyve Solutions business"
2020 Stock Incentive Plan financial
"pursuant to the Company’s 2020 Stock Incentive Plan and the applicable Award Agreement"
non-US global templates financial
"consolidates various country-specific forms of award agreement into uniform non-US global templates"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive compensation change did TD SYNNEX (SNX) disclose for Hyve Solutions?
TD SYNNEX approved new Hyve Solutions performance-based RSU award agreements for U.S. and non-U.S. participants. These awards vest on achieving financial performance targets over a three-year period and require continuous service with the Hyve Solutions business through the end of that performance period.
Who is eligible for the new Hyve performance-based RSUs at TD SYNNEX (SNX)?
The new Hyve performance-based RSUs may be granted to officers and employees of TD SYNNEX. Grants are made under the company’s 2020 Stock Incentive Plan using the approved U.S. or non-U.S. award agreement form, depending on the participant’s location.
What performance period applies to TD SYNNEX (SNX) Hyve Solutions RSU awards?
The Hyve Solutions performance-based RSUs use a three-year performance period. Vesting depends on achieving financial performance targets for Hyve Solutions US Global Holding Corporation during this period, combined with continuous service for the Hyve Solutions business through the performance period’s end.
What performance metrics drive vesting of TD SYNNEX (SNX) Hyve RSUs?
Vesting is tied to financial performance targets for Hyve Solutions US Global Holding Corporation. RSUs vest only if these targets are achieved over the three-year performance period and the participant remains in continuous service with the Hyve Solutions business throughout that time.
How are non-U.S. employees treated under TD SYNNEX (SNX) Hyve RSU agreements?
Non-U.S. employees receive awards under a consolidated non-U.S. global template. This template includes appendices with country-specific disclosures or agreements, aligning the Hyve performance-based RSU structure globally while addressing local legal and disclosure requirements.
Under which equity plan are the new Hyve RSUs at TD SYNNEX (SNX) granted?
The Hyve Solutions performance-based RSUs are granted under TD SYNNEX’s 2020 Stock Incentive Plan. The newly approved U.S. and non-U.S. award agreement forms serve as the contractual framework for these performance-based restricted stock unit grants.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________
FORM 8-K
_________________________________________________
CURRENT REPORT
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 28, 2026
_________________________________________________
(Exact name of registrant as specified in its charter)
_________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive offices) | (Zip Code) | |||||||
(727 ) 539-7429
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
_________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |||||||||||||
(e) On July 28, 2026, the Compensation Committee of the Board of Directors of TD SYNNEX Corporation (the “Company”) approved forms of Notice of Hyve Solutions Performance-Based Restricted Stock Unit Award and Performance-Based Restricted Stock Unit Agreement for U.S. and non-U.S. participants (collectively, the “Award Agreements”), copies of which are filed as Exhibits 10.1 and 10.2 to this report, and incorporated herein by reference. The Award Agreements will be used for new awards of performance-based restricted stock units. Such awards may be granted to officers and employees of the Company pursuant to the Company’s 2020 Stock Incentive Plan and the applicable Award Agreement. The Award Agreements relate to performance-based restricted stock units that would vest based on the achievement of performance targets relating to the financial performance of Hyve Solutions US Global Holding Corporation (“Hyve Solutions”) over a three-year performance period, conditioned on continuous service for the Hyve Solutions business through the end of such performance period. The non-U.S. form of Award Agreement consolidates various country-specific forms of award agreement into uniform non-US global templates, each with an appendix for any disclosures or agreements that are specific to employees in a particular country.
| Item 9.01 | Financial Statements and Exhibits. | |||||||||||||
(d) Exhibits.
| Exhibit No. | Description of Document | |||||||||||||
10.1# | Form of Notice of Hyve Solutions Performance-Based Restricted Stock Unit Award and Performance-Based Restricted Stock Unit Agreement (U.S.) | |||||||||||||
10.2# | Form of Notice of Hyve Solutions Performance-Based Restricted Stock Unit Award and Performance-Based Restricted Stock Unit Agreement (non-U.S.) | |||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||||||||
# Indicates management contract or compensatory plan or arrangement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 3, 2026 | TD SYNNEX CORPORATION | |||||||
| By: | /s/ David Vetter | |||||||
| David Vetter | ||||||||
| Chief Legal Officer and Corporate Secretary | ||||||||