SNX Form 4: Dennis Polk sells shares under 10b5-1 plan
Rhea-AI Filing Summary
TD SYNNEX (SNX) director Dennis Polk reported insider sales executed for the Polk family trust under a Rule 10b5-1 trading plan. The reporting person, who is a director and identified as a Hyve Solutions executive, sold shares on 09/04/2025 pursuant to the plan adopted October 13, 2024. The Form 4 shows dispositions of 100 shares at an average price near $147.82, 2,600 shares at an average price near $148.45, and 300 shares at an average price near $149.14. The reporting attorney-in-fact signed the form on 09/05/2025. The filing discloses the sales were made by the Polk family trust of which the reporting person is a trustee and offers to provide transaction-level price details on request.
Positive
- Sales executed under a Rule 10b5-1 trading plan, which provides pre-clearance and reduces concerns about opportunistic timing
- Clear disclosure of weighted-average price ranges and an offer to provide transaction-level price details upon request, enhancing transparency
- Reporting person identified with roles (director and Hyve Solutions executive) so investors can assess potential conflicts
Negative
- Insider dispositions reduced holdings (reported disposals of 100, 2,600 and 300 shares), which may be viewed negatively by some investors
Insights
TL;DR: Routine, pre-planned insider sales under a 10b5-1 plan; disclosure aligns with governance best practices.
The filing documents planned disposals under a Rule 10b5-1 trading plan adopted October 13, 2024, which reduces the likelihood these transactions were opportunistic or based on inside information. The reporting person remains identified as a director and trustee, and the Form 4 provides weighted-average price ranges and an offer to supply per-transaction prices on request, supporting transparency. This is a standard governance disclosure rather than a material corporate event.
TL;DR: Modest insider dispositions disclosed; not clearly material to company valuation or control.
The reported dispositions (100, 2,600 and 300 shares) occurred at prices roughly $147.82–$149.14 per share and were executed from a family trust. Absent additional information on total insider holdings or size relative to outstanding shares, these sales alone do not indicate a material change in ownership or signal about company performance. The 10b5-1 plan context reduces interpretive weight.