Form 4: Concentrix CFO Andre S. Valentine Reports Stock Transactions
SEC Form 4 Filing
Concentrix CFO Andre S. Valentine reported the acquisition of 18,557 shares of common stock and the disposal of 520 shares due to tax obligations.
Summary
- Andre S. Valentine, the Chief Financial Officer of Concentrix Corp, reported several transactions involving the company's common stock.
- On January 24, 2025, Mr. Valentine acquired 18,557 shares of common stock through restricted stock units.
- These restricted stock units vest in three equal installments on the first three anniversaries of the grant date.
- On January 26, 2025, 193 shares were disposed of at a price of $52.54 per share.
- On January 27, 2025, an additional 327 shares were disposed of at a price of $53.51 per share.
- Following these transactions, Mr. Valentine beneficially owns 64,231 shares of Concentrix common stock.
Sentiment
Score: 7
Explanation: The document reflects routine stock transactions by a company executive, which is neither particularly positive nor negative. The acquisition of shares is a positive sign, but the disposal is likely for tax purposes.
Positives
- The acquisition of 18,557 shares through restricted stock units indicates a continued investment in the company by the CFO.
Industry Context
This is a routine filing related to stock transactions by a company executive, which is common practice and required by the SEC.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and the transactions reported are typical for executive compensation and tax obligations.
- Similar filings can be seen across the industry for companies such as Teleperformance, TaskUs, and Sitel, where executives regularly report stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | CFO acquired 18,557 shares of common stock through restricted stock units. |
| 01/26/2025 | 193 shares of common stock were disposed of at $52.54 per share. |
| 01/27/2025 | 327 shares of common stock were disposed of at $53.51 per share. |
| 01/28/2025 | Date of signature of the form. |
Keywords
Concentrix, CNXC, stock transactions, insider trading, restricted stock units, CFO, Andre S. Valentine, SEC Form 4
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