Stock grant gives TD SYNNEX (NYSE: SNX) director 1,022 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Herh Ting reported acquisition or exercise transactions in this Form 4 filing.
TD SYNNEX director Herh Ting received a compensation-related stock award. On the grant date, Ting was awarded 1,022 shares of TD SYNNEX common stock as restricted stock under the 2020 Stock Incentive Plan, rather than through an open-market purchase.
The restricted stock vests in four equal installments, with 25% of the shares vesting on the last day of each of the four fiscal quarters following the grant date. After this grant, Ting directly holds a total of 4,621 TD SYNNEX common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Herh Ting
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,022 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,621 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,022 shares
Post-transaction holdings: 4,621 shares
Vesting schedule: 25% per quarter over four quarters
3 metrics
Restricted stock grant
1,022 shares
Awarded to director Herh Ting on grant date
Post-transaction holdings
4,621 shares
Total TD SYNNEX common shares directly held after grant
Vesting schedule
25% per quarter over four quarters
Restricted stock vests on last day of each following fiscal quarter
Key Terms
restricted stock, 2020 Stock Incentive Plan, fiscal quarters, restricted stock vests
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
"vests as to 25% of the shares on the last day of each of the four fiscal quarters"
restricted stock vests financial
"The restricted stock vests as to 25% of the shares on the last day"
FAQ
What insider transaction did TD SYNNEX (SNX) director Herh Ting report?
Herh Ting reported receiving 1,022 shares of TD SYNNEX common stock as a restricted stock award. The grant was compensation under the 2020 Stock Incentive Plan, not an open-market purchase, and increased Ting’s direct holdings to 4,621 shares after the transaction.
Is the TD SYNNEX (SNX) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a stock grant, not a market purchase. Code “A” indicates an award or other acquisition, and the footnote confirms these 1,022 shares are restricted stock granted under the 2020 Stock Incentive Plan at no cash purchase price.
How does the restricted stock granted to TD SYNNEX (SNX) director vest?
The 1,022 restricted shares vest in four equal installments. Twenty‑five percent of the grant vests on the last day of each of the four fiscal quarters following the grant date, aligning vesting with the company’s quarterly reporting cycle over one year.
What plan governs the restricted stock granted to TD SYNNEX (SNX) director Herh Ting?
The award was granted under TD SYNNEX’s 2020 Stock Incentive Plan. The filing’s footnote specifies that the 1,022 restricted shares are issued pursuant to this plan and sets out the quarterly vesting schedule covering the four fiscal quarters after the grant date.