TD SYNNEX (SNX) director’s trust sells 2,500 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TD SYNNEX CORP director and officer Dennis Polk reported an open-market sale of 2,500 shares of Common Stock on April 17, 2026, at an average price of $210.70 per share. The shares were sold by the Polk Family Trust, where Polk is a trustee, under a pre-arranged Rule 10b5-1 trading plan adopted on January 16, 2026. Following this transaction, the filing shows 81,647 shares held indirectly by trust and 22,439 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,500 shares ($526,750)
Net Sell
2 txns
Insider
POLK DENNIS
Role
Chair, Hyve Solutions
Sold
2,500 shs ($527K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $210.70 | $527K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,647 shares (Indirect, By Trust);
Common Stock — 22,439 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,500 shares
Sale price: $210.70 per share
Indirect holdings after sale: 81,647 shares
+2 more
5 metrics
Shares sold
2,500 shares
Open-market sale on April 17, 2026
Sale price
$210.70 per share
Average sale price for Common Stock
Indirect holdings after sale
81,647 shares
Held by trust after April 17, 2026 transaction
Direct holdings after sale
22,439 shares
Directly held following reported transaction
Net shares sold
2,500 shares
Net buy/sell direction reported as net-sell
Key Terms
Rule 10b5-1 trading plan, open-market sale, indirect ownership, trustee
4 terms
Rule 10b5-1 trading plan regulatory
"These sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale for 2,500 shares of Common Stock"
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.
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: By Trust"
trustee financial
"on behalf of the Polk Family Trust of which the reporting person is a trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did TD SYNNEX (SNX) disclose for Dennis Polk?
TD SYNNEX reported that Dennis Polk was associated with an open-market sale of 2,500 shares of Common Stock on April 17, 2026, at $210.70 per share. The transaction was executed by the Polk Family Trust, where he serves as trustee, rather than directly by Polk personally.
Was the TD SYNNEX (SNX) insider sale by Dennis Polk pre-planned?
Yes. The sale was made under a Rule 10b5-1 trading plan adopted on January 16, 2026, on behalf of the Polk Family Trust. Such plans pre-schedule trades, indicating this transaction’s timing was arranged in advance rather than being a discretionary, spur-of-the-moment decision.
Is Dennis Polk’s TD SYNNEX (SNX) transaction a direct or indirect holding change?
The 2,500-share sale involved an indirect holding, executed by the Polk Family Trust, where Dennis Polk is a trustee. The Form 4 separately lists his direct ownership, showing 22,439 shares held directly after the transaction, alongside 81,647 shares reported as indirectly held by the trust.