TD SYNNEX Updates Chief Legal Officer Employment Terms

What Happened

• TD SYNNEX (SNX) filed an 8‑K (Item 5.02) reporting an updated offer letter with David Vetter, who continues as Chief Legal Officer reporting to the CEO. The Offer Letter is effective July 10, 2026 and was attached as an exhibit to the filing.

Key Details

• Annual base salary: $670,000, subject to annual review.
• Annual bonus: eligible for an incentive bonus targeted at 100% of base salary (actual payout based on performance metrics set by the Compensation Committee).
• Equity award: approximately $1,500,000 fair market value; 60% time‑based restricted stock, 40% performance‑based restricted stock units, granted with the company’s annual executive equity grants.
• Other terms: provides for severance/payments on termination without “cause” or for “good reason” (including in a change‑of‑control), and contains restrictive covenants including a non‑solicitation provision.

Why It Matters

• This filing confirms retention and compensation terms for the company’s chief legal executive, showing how TD SYNNEX is compensating and incentivizing senior legal leadership through salary, bonus potential, and equity.
• The equity and bonus structure tie pay to performance and may affect executive alignment and potential dilution (equity granted to executives), while severance provisions could create future cash or equity obligations in certain termination or change‑of‑control scenarios.
• No change in role was reported; the update documents current pay and protections for Mr. Vetter rather than a departure or new hire.