TD SYNNEX chair sells 10,000 shares post exercise
TD SYNNEX CORP director and Hyve Solutions chair Dennis Polk reported an option exercise and same-day share sales.
Rhea-AI Filing Summary
TD SYNNEX CORP director and Hyve Solutions chair Dennis Polk reported an option exercise and same-day share sales. He exercised employee stock options covering 10,000 shares of common stock at exercise prices of $107.32 and $106.35 per share and converted them into common shares.
On the same date, he sold 10,000 common shares in open-market transactions at weighted average prices within ranges of $268.00–$268.82 and $269.00–$269.205 per share. After these transactions, he holds 22,439 common shares directly and 76,647 common shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($1.61M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
POLK DENNIS
Role
Chair, Hyve Solutions
Sold
10,000 shs ($2.68M)
Approx. gross sale proceeds
$2.68M
Approx. exercise cost
$1.07M
Approx. pre-tax spread
$1.61M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 324 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 9,676 | $0.00 | $0.00 |
| Exercise | Common Stock | 324 | $106.35 | $34K |
| Exercise | Common Stock | 9,676 | $107.32 | $1.04M |
| Sale | Common Stock | 8,000 | $268.34 | $2.15M |
| Sale | Common Stock | 2,000 | $269.03 | $538K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,661 contracts (Direct);
Employee Stock Option (Right to Buy) — 2,905 contracts (Direct);
Common Stock — 22,439 shares (Direct);
Common Stock — 76,647 shares (Indirect, By Trust)
Footnotes (3)
- F1. Represents the weighted average sales price for a number of transactions effected at prices ranging from $268.00 to $268.82. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range.
- F2. Represents the weighted average sales price for a number of transactions effected at prices ranging from $269.00 to $269.205. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range.
- F3. This stock option vests as to 20% of the shares on the first anniversary of the date of grant and vests as to 1/60th of the shares monthly thereafter.
Key Figures
Shares sold: 10,000 shares
Sale price range 1: $268.00–$268.82
Sale price range 2: $269.00–$269.205
+4 more
7 metrics
Shares sold
10,000 shares
Common stock sold in open-market transactions
Sale price range 1
$268.00–$268.82
Weighted average sales price range for one sale tranche
Sale price range 2
$269.00–$269.205
Weighted average sales price range for second sale tranche
Options exercised
10,000 shares
Employee stock options converted into common stock
Exercise prices
$107.32 and $106.35 per share
Exercise prices for two option grants
Direct holdings after
22,439 shares
Common stock held directly after transactions
Indirect holdings after
76,647 shares
Common stock held indirectly by trust
Key Terms
open-market sale, derivative exercise/conversion, Employee Stock Option (Right to Buy), Stock Option (Right to Buy), +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
weighted average sales price financial
"Represents the weighted average sales price for a number of transactions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Dennis Polk report for TD SYNNEX (SNX)?
Dennis Polk reported exercising stock options for 10,000 TD SYNNEX shares and selling 10,000 common shares in open-market transactions on the same date, reflecting an exercise-and-sell pattern rather than a net open-market purchase.
What were the exercise prices of Dennis Polk’s TD SYNNEX (SNX) stock options?
Polk exercised employee stock options covering 9,676 shares at an exercise price of $107.32 per share and 324 shares at an exercise price of $106.35 per share, converting these options into TD SYNNEX common stock.
Were Dennis Polk’s TD SYNNEX (SNX) sales routine option exercises?
The Form 4 shows Polk exercised stock options for 10,000 shares and sold 10,000 shares the same day. This exercise-and-sell pattern is consistent with monetizing option awards rather than initiating a standalone open-market sale position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
