Corporate GovernanceJul 16, 2026, 04:07 PM
TD SYNNEX Updates Chief Legal Officer David Vetter's Compensation
AI Summary
TD SYNNEX Corporation entered into an updated offer letter with David Vetter, its Chief Legal Officer, effective July 10, 2026. Under the new terms, Mr. Vetter will receive an annual base salary of $670,000 and is eligible for an annual incentive bonus targeted at 100% of his base salary. He will also be granted equity awards valued at approximately $1,500,000, consisting of 60% time-based restricted stock and 40% performance-based restricted stock units. The offer letter also outlines provisions for termination payments and includes restrictive covenants.
Key Highlights
- Updated offer letter for Chief Legal Officer David Vetter effective July 10, 2026.
- Mr. Vetter's annual base salary is set at $670,000.
- Eligible for an annual incentive bonus targeted at 100% of his base salary.
- Will receive equity awards with a fair market value of approximately $1,500,000.
- Equity awards comprise 60% time-based restricted stock and 40% performance-based RSUs.
- Offer letter includes provisions for termination without cause or for good reason.
Price Impact
More from SNX