TD SYNNEX Executive's Stock Transfer Reveals Tax-Related Portfolio Adjustment
Rhea-AI Filing Summary
TD SYNNEX director and Hyve Solutions Executive Dennis Polk reported a late Form 4 filing for transactions that occurred on October 11, 2023. The filing discloses:
- Disposition of 1,011 shares of common stock at $96.12 per share through tax withholding related to the vesting of a restricted stock award
- Following the transaction, Polk directly owns 35,295 shares
- Additionally holds 93,660 shares indirectly through a trust
The transaction was reported late due to an administrative error. The filing was signed by attorney-in-fact Cheryl Grant on June 20, 2025. This disclosure reflects changes in beneficial ownership pursuant to Section 16(a) of the Securities Exchange Act of 1934.
Positive
- None.
Negative
- Late Form 4 filing reported 8 months after transaction date indicates compliance issues
- Tax-related share withholding of 1,011 shares ($97,177 at $96.12/share) represents routine transaction with no significant insider sentiment signal
Insider Trade Summary
Net Seller: 1,011 shares
Net Sell
2 txns
Insider
POLK DENNIS
Role
Hyve Solutions Executive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,011 | $96.12 | $97K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,295 shares (Direct);
Common Stock — 93,660 shares (Indirect, By Trust)
Footnotes (2)
- F1. This transaction is being reported late due to an administrative error.
- F2. Shares withheld to cover tax withholding obligations in connection with vesting of restricted stock award on October 11, 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction occurred at SNX on October 11, 2023?
Dennis Polk, Director and Hyve Solutions Executive at TD SYNNEX, had 1,011 shares of common stock withheld at $96.12 per share to cover tax withholding obligations related to the vesting of a restricted stock award.
Why was SNX's Form 4 filing delayed for Dennis Polk's transaction?
According to the filing's explanatory notes, the Form 4 transaction from October 11, 2023 was reported late due to an administrative error. The filing was eventually made on June 20, 2025.
What positions does Dennis Polk hold at SNX?
Dennis Polk serves in dual roles at TD SYNNEX (SNX) as both a Director and as Hyve Solutions Executive, as indicated in the Form 4 filing.