Director at TD SYNNEX (NYSE: SNX) receives 1,022-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nayyar Nayaki R reported acquisition or exercise transactions in this Form 4 filing.
TD SYNNEX CORP director Nayyar Nayaki R received a grant of 1,022 shares of common stock as a stock award. The award is structured as restricted stock under the 2020 Stock Incentive Plan and carries no purchase price per share.
The restricted stock vests in four equal installments of 25% each on the last day of each of the four fiscal quarters following the grant date. After this grant, Nayyar Nayaki R directly holds 10,885 shares of TD SYNNEX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nayyar Nayaki R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,022 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,885 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,022 shares
Shares owned after grant: 10,885 shares
Vesting per installment: 25%
3 metrics
Restricted stock grant
1,022 shares
Common stock award granted as restricted stock
Shares owned after grant
10,885 shares
Total direct TD SYNNEX common stock holdings post-transaction
Vesting per installment
25%
Portion of restricted shares vesting each of four fiscal quarters
Key Terms
restricted stock, 2020 Stock Incentive Plan, fiscal quarters, Form 4
4 terms
restricted stock financial
"Represents shares of restricted stock awarded under the 2020 Stock Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2020 Stock Incentive Plan financial
"Represents shares of restricted stock awarded under the 2020 Stock Incentive Plan."
fiscal quarters financial
"The restricted stock vests as to 25% of the shares on the last day of each of the four fiscal quarters"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did TD SYNNEX (SNX) director Nayyar Nayaki R report in this Form 4?
Nayyar Nayaki R reported receiving 1,022 shares of TD SYNNEX common stock as a stock award. These shares were granted at a price of $0.00 per share and are classified as restricted stock granted under the company’s 2020 Stock Incentive Plan.
Was the TD SYNNEX (SNX) Form 4 transaction an open-market purchase or sale?
No, this Form 4 reflects a grant or award of restricted stock, not a market trade. The 1,022 shares were acquired at $0.00 per share as compensation under the 2020 Stock Incentive Plan, rather than through an open-market buy or sell order.
What compensation plan governed the restricted stock grant reported for TD SYNNEX (SNX)?
The restricted stock was granted under TD SYNNEX’s 2020 Stock Incentive Plan. This plan provides equity-based awards, and in this case, it delivered 1,022 restricted shares to director Nayyar Nayaki R with quarterly vesting over the next four fiscal quarters.