Form 4: Manhattan Associates Insider Sells Shares for Tax

Manhattan Associates' SVP, CLO & Secretary Bruce Richards disposed of 2,339 shares of common stock at $151.01 per share to cover tax obligations.

Summary

• Bruce Richards, SVP, CLO & Secretary of Manhattan Associates Inc. (MANH), reported a transaction on January 31, 2026.
• Richards disposed of 2,339 shares of common stock.
• The shares were disposed of at a price of $151.01 per share.
• The transaction code 'F' indicates the disposition was to satisfy tax withholding obligations.
• Following this transaction, Richards beneficially owns 22,912 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is a non-discretionary transaction to cover tax obligations, which is a standard practice for executives receiving equity compensation and does not indicate a change in sentiment towards the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those coded 'F' for tax withholding, are routine and generally do not reflect a change in management's outlook on the company's prospects. Such dispositions are common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in insider confidence.

Key Dates

Keywords

Manhattan Associates, MANH, Insider Transaction, Form 4, Bruce Richards, Stock Sale, Tax Withholding