SNX Insider: 861 Options Exercised at $57.34; 861 Shares Sold at $147.50
Rhea-AI Filing Summary
Witt Marshall, Chief Financial Officer of TD SYNNEX Corporation (SNX), reported transactions on 08/18/2025. The filing shows an exercise of 861 employee stock options at an exercise price of $57.34 per share and a contemporaneous sale of 861 common shares at $147.50 per share. After these transactions the reporting person’s direct beneficial ownership is reported as 49,777 shares for common stock and 8,610 shares held from vested options/derivatives. The reporting person adopted a Rule 10b5-1 trading plan on May 12, 2025, and the filing is signed by an attorney-in-fact on 08/19/2025. The option vests 20% after one year and then 1/60th monthly thereafter.
Positive
- Transactions executed under a Rule 10b5-1 plan adopted May 12, 2025, which supports transparency and compliance with insider trading rules
- Option exercise disclosed with vesting schedule (20% after one year, then 1/60th monthly), providing clarity on compensation timing and future potential dilution
Negative
- Insider sale of 861 shares reduced direct beneficial ownership from 50,638 to 49,777 shares
Insights
TL;DR: Routine, pre-planned option exercise and sale under a 10b5-1 plan increases transparency and reduces appearance of opportunistic trading.
The Form 4 discloses an exercise of 861 employee stock options at $57.34 and a simultaneous sale of 861 shares at $147.50 executed pursuant to a Rule 10b5-1 trading plan adopted May 12, 2025. Filing by an attorney-in-fact is properly executed. The filing also documents the option vesting schedule, which helps auditors and governance professionals confirm compliance with insider-trading policies. This is a standard insider liquidity event rather than a material corporate governance change.
TL;DR: Small-scale insider exercise and sale under plan; limited direct impact on company capitalization or control.
The transactions involve 861 shares and do not materially move outstanding share counts for a company of TD SYNNEX’s size. The exercise price of $57.34 and sale price of $147.50 are clearly reported, and post-transaction direct holdings are stated. Because the sale was executed under a pre-existing Rule 10b5-1 plan, this represents routine insider monetization rather than an ad-hoc decision based on nonpublic information.