Form 4: Manhattan Associates CEO Eric Clark Reports Acquisition of Restricted Stock Units
SEC Form 4
Eric Andrew Clark, President & CEO of Manhattan Associates, reports the acquisition of restricted stock units.
Summary
- Eric Andrew Clark, the President & CEO of Manhattan Associates, filed a Form 4.
- The report details the acquisition of 43,969 restricted stock units on February 12, 2025, at a price of $0.00, bringing his direct holdings to 43,969 shares.
- Additionally, he acquired 13,740 restricted stock units on the same date, also at $0.00, increasing his direct holdings to 57,709 shares.
- The 43,969 restricted stock units vest in installments on February 14 of 2025, 2026, 2027 and 2028.
- The 13,740 restricted stock units vest 25% on January 31st of each year following the grant date until fully vested.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing related to stock grants, which doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of restricted stock units by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.
Stakeholder Impact
- The granting of restricted stock units aligns the CEO's interests with those of the shareholders, potentially incentivizing him to improve company performance and increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of transaction: Acquisition of restricted stock units. |
| 02/14/2025 | First vesting date for 32.5% of the 43,969 restricted stock units. |
| 02/14/2026 | Second vesting date for 27.5% of the 43,969 restricted stock units. |
| 02/14/2027 | Third vesting date for 27.5% of the 43,969 restricted stock units. |
| 02/14/2028 | Final vesting date for 12.5% of the 43,969 restricted stock units. |
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