Form 4: Concentrix CFO Sells Shares for Tax Obligations
Insider Transaction Disclosure
Concentrix Chief Financial Officer Andre S Valentine disposed of 864 shares of common stock to cover tax withholding obligations.
Summary
- Andre S Valentine, Chief Financial Officer of Concentrix Corp (CNXC), reported a disposition of common stock.
- The transaction involved 864 shares of common stock.
- The shares were disposed of at a price of $37.35 per share.
- The transaction occurred on February 1, 2026, and was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
- Following this transaction, Andre S Valentine beneficially owns 86,566 shares of Concentrix Corp common stock.
- The transaction was made pursuant to a Rule 10b5-1 plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax withholding, a common and non-discretionary transaction, and does not indicate a change in the insider's confidence or the company's operational performance.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions, such as dispositions for tax withholding purposes, are common and generally do not reflect a change in management's outlook on the company's performance or future prospects. These transactions are often pre-scheduled under Rule 10b5-1 plans to avoid accusations of trading on material non-public information.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes by an executive, not indicative of a change in company fundamentals or executive confidence.
Key Dates
| Date | Description |
|---|---|
| 02/01/2026 | Date of transaction where 864 shares were disposed of. |
| 02/03/2026 | Date the Form 4 was signed and filed. |
Keywords
Concentrix Corp, CNXC, Andre S Valentine, CFO, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Equity Disposition, Rule 10b5-1
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