Insider sales: Dennis Polk executes SNX trades under 10b5-1 plan
Rhea-AI Filing Summary
Form 4 filed for TD SYNNEX (SNX) by Dennis Polk. The filing reports insider sales on 08/04/2025 executed pursuant to a Rule 10b5-1 trading plan adopted October 13, 2024 on behalf of the Polk family trust.
- Sales: 300 shares at a weighted-average price of $141.82 and 2,700 shares at a weighted-average price of $142.22.
- Beneficial ownership reported after the transactions: 90,360 and 87,660 shares, held indirectly "By Trust."
- Form signed by /s/ Cheryl Grant, attorney-in-fact on 08/05/2025.
The form also contains an additional Table I entry showing 35,295 with a disposition indicator "D" but lacking accompanying date, price or ownership columns in the provided excerpt.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sales under a 10b5-1 plan; dates, quantities, and weighted prices are disclosed.
The filing shows Dennis Polk, a director and Hyve Solutions executive, executing sales on 08/04/2025 under a Rule 10b5-1 plan adopted 10/13/2024. Reported transactions: 300 shares at $141.82 (WAP) and 2,700 shares at $142.22 (WAP), with beneficial ownership after the trades reported as 90,360 and 87,660 shares held indirectly by a trust. The disclosure is precise on prices and plan provenance; an additional "35,295 D" row appears without date/price context in the excerpt. Impact assessment: not impactful given information provided; these are planned sales, not ad hoc disclosures.
TL;DR: Proper Form 4 disclosure of Rule 10b5-1 sales by a trustee; signature provided by attorney-in-fact.
The document identifies the reporting person as Dennis Polk and confirms relationship roles (Director; Hyve Solutions Executive). Sales were executed pursuant to a documented 10b5-1 plan on behalf of the Polk family trust, and the filing includes weighted-average price ranges and an attorney-in-fact signature dated 08/05/2025. Governance implication: disclosure aligns with procedural insider sale protocols. Impact assessment: not impactful based on stated facts alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 300 | $141.82 | $43K |
| Sale | Common Stock | 2,700 | $142.22 | $384K |
| 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 $141.70 to $141.90. 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 $142.05 to $142.50. 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.