Form 4: MANH CFO Granted 2,555 Restricted Stock Units

Manhattan Associates' EVP, CFO & Treasurer, Dennis B. Story, was granted 2,555 restricted stock units vesting over four years.

Summary

• Dennis B. Story, EVP, CFO & Treasurer of Manhattan Associates Inc. (MANH), acquired 2,555 shares of Common Stock.
• The acquisition occurred on July 30, 2025, at a price of $0.0000 per share.
• These shares are Restricted Stock Units (RSUs) granted under the company's stock incentive plan.
• The RSUs will vest 25% on January 31st of each year following the grant date until fully vested.
• Following this transaction, Dennis B. Story beneficially owns 103,818 shares of Common Stock directly.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is generally a positive sign, indicating retention efforts and alignment of interests. It's a standard compensation practice, not an extraordinary event, hence a moderately positive score.

Positives

• The grant of restricted stock units aligns management's interests with shareholders, promoting long-term performance.
• The vesting schedule encourages retention of a key executive over a multi-year period.

Future Outlook

The vesting schedule indicates a long-term incentive for the CFO, suggesting an expectation of continued service and performance.

Industry Context

Executive compensation, particularly through equity grants like RSUs, is a standard practice across industries to incentivize performance and align executive interests with shareholder value. This is typical for a technology or software company like Manhattan Associates.

Comparison to Industry Standards

• The grant of restricted stock units to a CFO is a common form of executive compensation in the software and technology sector, comparable to practices at companies like Oracle, SAP, or Salesforce, which frequently use equity awards to attract and retain top talent.
• The vesting schedule of 25% annually over four years is a standard industry practice for long-term incentive plans, similar to those observed at peer companies in the supply chain and logistics software space.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive interests with long-term shareholder value.
• Employees: May signal stability in executive leadership.

Next Steps

• Annual vesting of 25% of the granted restricted stock units on January 31st of each year until fully vested.

Key Dates

Recommendation

This Form 4 reports a routine grant of restricted stock units to a key executive, which is a standard component of compensation designed to align management incentives with long-term shareholder value. It does not present new information that would fundamentally alter the investment thesis for Manhattan Associates, thus a "hold" recommendation is appropriate as it maintains the status quo without significant new positive or negative catalysts.

Keywords

Manhattan Associates, MANH, Form 4, SEC Filing, Restricted Stock Units, RSU, Executive Compensation, Insider Ownership, Dennis B. Story, CFO, Stock Grant