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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100 | $147.82 | $15K |
| Sale | Common Stock | 2,600 | $148.45 | $386K |
| Sale | Common Stock | 300 | $149.14 | $45K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 13, 2024, on behalf of the Polk family trust of which the reporting person is a trustee. Represents the weighted average sales price for a number of transactions effected at prices ranging from $147.815 to $147.82. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range. Represents the weighted average sales price for a number of transactions effected at prices ranging from $148.05 to $148.99. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range. Represents the weighted average sales price for a number of transactions effected at prices ranging from $149.10 to $149.22. The reporting person has provided to the issuer, and undertakes to provide upon request to the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range.
