Form 4: Manhattan Associates EVP, CFO & Treasurer Dennis B Story Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dennis B Story, EVP, CFO & Treasurer of Manhattan Associates, reports acquisition of common stock and derivative securities through grants of restricted stock units.
Summary
- On January 23, 2025, Dennis B Story, EVP, CFO & Treasurer of Manhattan Associates, reported changes in beneficial ownership.
- He acquired 5,673 shares of common stock at $0.00, increasing his direct holdings to 105,424 shares.
- He also acquired 4,387 and 3,597 shares of common stock at $0.00, increasing his direct holdings to 109,811 and 113,408 shares respectively.
- These acquisitions are related to performance-based restricted stock units and restricted stock units granted under the company's stock incentive plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider confidence, but doesn't contain any groundbreaking news.
Positives
- The acquisition of shares by a key executive can be seen as a positive sign, indicating confidence in the company's future performance.
- The vesting of restricted stock units incentivizes the executive to contribute to the company's success.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the technology industry to attract and retain talent.
- Companies like Oracle, SAP, and Salesforce also utilize restricted stock units as part of their executive compensation packages.
- The vesting schedules and terms of these grants are generally aligned with industry benchmarks.
Stakeholder Impact
- The vesting of stock options and restricted stock units aligns management's interests with those of shareholders, potentially driving long-term value creation.
- Employees may be indirectly impacted through the overall performance of the company, which affects the value of their own stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Date of grant for performance-based restricted stock units. |
| 01/23/2025 | Date of transaction (acquisition of shares). |
| 01/27/2025 | Date of signature on the form. |
| 02/28/2025 | First vesting date (25%) for performance-based restricted stock units. |
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