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Share-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation Expense

A summary of share-based compensation expense in the Consolidated Statements of Operations for TD SYNNEX stock incentive plans is presented below:

			Fiscal Years Ended November 30,
			2022						2021						2020
Selling, general and administrative expenses			$	38,994					$	33,078					$	17,631
Acquisition, integration and restructuring costs (on awards issued in connection with the Merger)			$	6,514					$	8,289					$	—
Total share-based compensation expense			$	45,508					$	41,367					$	17,631

Summary of Changes in Company Stock Option Activity

A summary of the changes in the Company’s stock options is set forth below:

			Options Outstanding
(number of shares in thousands)			Number of shares						Weighted- average exercise price per share
Balances, November 30, 2021			689						$	66.29
Options granted			72						90.16
Options exercised			(84)						38.40
Balances, November 30, 2022			677						$	72.29

Schedule of Assumptions Used in Black-Scholes Valuation Model

The Company did not grant any options during the fiscal year 2020. The following assumptions were used in the Black-Scholes valuation model in fiscal years 2022 and 2021:

			Fiscal Years Ended November 30,
			2022						2021
Expected life (years)			5.5						5.5 - 6.1
Risk free interest rate			1.73% - 3.92%						0.72% - 1.16%
Expected volatility			39.10% - 40.18%						38.01% - 38.85%
Dividend yield			1.13% - 1.37%						0.75% - 0.88%

Schedule of Cash Received from Exercise of Options and intrinsic Values of Options Exercised

The cash received from the exercise of options and the intrinsic values of options exercised during fiscal years 2022, 2021 and 2020 were as follows:

			Fiscal Years Ended November 30,
			2022						2021						2020
Intrinsic value of options exercised			$	4,682					$	16,163					$	15,746
Cash received from exercise of options			$	3,216					$	10,541					$	9,018

Summary Changes in Non-vested Restricted Stock Awards and Stock Units

A summary of the changes in the Company’s non-vested RSAs and RSUs during fiscal year 2022 is presented below:

			Number of shares						Weighted-average, grant-date fair value per share
Non-vested as of November 30, 2021			1,066						$	100.20
RSAs granted			341						88.64
RSUs granted			350						99.12
RSAs and RSUs vested			(353)						93.23
RSAs and RSUs cancelled/forfeited(1)			(97)						74.87
Non-vested as of November 30, 2022			1,307						$	95.69

__________________

(1) For performance-based RSUs, the difference between maximum awards and the actual number of shares issued upon full vesting is included.

The following table summarizes the activity related to these restricted shares during the year ended November 30, 2022:

(in thousands)						Restricted shares
Nonvested at November 30, 2021						751
Vested						(363)
Canceled						(38)
Nonvested at November 30, 2022						350

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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