STOCK TITAN

TD SYNNEX Executive's Stock Transfer Reveals Tax-Related Portfolio Adjustment

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

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 POLK DENNIS
Role Hyve Solutions Executive
Type Security Shares Price Value
Tax Withholding 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 (1)
  1. This transaction is being reported late due to an administrative error. Shares withheld to cover tax withholding obligations in connection with vesting of restricted stock award on October 11, 2023.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
POLK DENNIS

(Last) (First) (Middle)
44201 NOBEL DRIVE

(Street)
FREMONT CA 94538

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TD SYNNEX CORP [ SNX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Hyve Solutions Executive
3. Date of Earliest Transaction (Month/Day/Year)
10/11/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/11/2023(1) F 1,011(2) D $96.12 35,295 D
Common Stock 93,660 I By Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction is being reported late due to an administrative error.
2. Shares withheld to cover tax withholding obligations in connection with vesting of restricted stock award on October 11, 2023.
/s/ Cheryl Grant, attorney-in-fact 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many SNX shares does Dennis Polk own directly and indirectly?

Following the reported transaction, Dennis Polk owns 35,295 shares directly and 93,660 shares indirectly through a trust, for a total beneficial ownership of 128,955 shares of TD SYNNEX (SNX).

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.