SNX Form 4: Dennis Polk reports multiple trust stock sales at ~$158–$161
Rhea-AI Filing Summary
Dennis Polk, a director and officer of TD SYNNEX Corp. (SNX), reported multiple sales of common stock executed on 10/06/2025 under a Rule 10b5-1 trading plan. The filing lists discrete disposals of 24, 1,276, 1,500, and 200 shares at weighted average prices between $157.92 and $160.96, with corresponding beneficial ownership balances reported as 84,636, 83,360, 81,860, and 81,660 shares (held indirectly by a trust). The form also records a larger disposal line showing 31,987 shares sold. The reporting person states the sales were effectuated pursuant to a 10b5-1 plan adopted on 10/13/2024 on behalf of the Polk family trust, where he serves as trustee. The form is signed by an attorney-in-fact on 10/07/2025.
Positive
- Transactions executed under a Rule 10b5-1 plan, which provides an affirmative defense against insider trading claims
- Sales are disclosed with weighted-average price ranges and the filer offers to provide a price breakdown on request
Negative
- Reported disposals total a material block (a separate line shows 31,987 shares sold) which reduces the trust's indirect stake
- Beneficial ownership decreased across multiple tranches, with post-sale balances shown as low as 81,660 shares
Insights
Insider sales were executed under a pre-established 10b5-1 plan; trust-held shares decreased in several tranches.
The transactions show structured disposals on 10/06/2025 with reported prices ranging from $157.92 to $160.96, and reported beneficial ownership updated in each line. The filer identifies the shares as held indirectly by a trust, and the sales were made under a Rule 10b5-1 plan adopted on 10/13/2024.
Using a 10b5-1 plan is a common governance mechanism to separate trading decisions from insider knowledge, but the filings still show material disposals including a 31,987-share line. Investors may track subsequent Form 4 filings for additional trust dispositions or changes in beneficial ownership over the next few reporting periods.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 24 | $157.92 | $4K |
| Sale | Common Stock | 1,276 | $158.51 | $202K |
| Sale | Common Stock | 1,500 | $159.35 | $239K |
| Sale | Common Stock | 200 | $160.96 | $32K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 13, 2024, on behalf of the Polk family trust of which the reporting person is a trustee. Represents the weighted average sales price for a number of transactions effected at prices ranging from $158.07 to $158.93. 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. Represents the weighted average sales price for a number of transactions effected at prices ranging from $159.02 to $159.87. 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.