Form 4: TTEC CFO Wagers Vests RSUs, Shares Withheld for Tax

TTEC Holdings, Inc.'s Chief Financial Officer, Kenneth R. Wagers III, vested 57,679 Restricted Stock Units on March 1, 2026, with 14,045 shares withheld for tax obligations.

Summary

• Kenneth R. Wagers III, Chief Financial Officer of TTEC Holdings, Inc., reported transactions related to his beneficial ownership.
• On March 1, 2026, 57,679 Restricted Stock Units (RSUs) vested.
• These RSUs are part of an initial grant of 288,392 time-based RSUs received on March 1, 2024, which vest in five annual installments of 20% starting March 1, 2025.
• Concurrently, 14,045 shares of Common Stock were disposed of to satisfy tax obligations related to the RSU vesting, with no shares sold by the reporting person.
• Following these transactions, Wagers beneficially owns 118,296 shares of Common Stock directly.
• Wagers also beneficially owns 173,035 derivative securities (Restricted Stock Units) directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting a standard, pre-scheduled compensation action for a key executive. It indicates ongoing executive retention and alignment without significant new financial implications.

Positives

• The vesting of 57,679 Restricted Stock Units represents a scheduled compensation event for the Chief Financial Officer, indicating continued executive alignment with shareholder interests.
• No shares were sold by the reporting person, only withheld for tax purposes, which can be viewed as a retention of equity by the executive.

Negatives

• 14,045 shares were withheld to cover tax obligations, reducing the net number of shares received by the executive from the vesting event.

Future Outlook

The remaining Restricted Stock Units will continue to vest in annual 20% installments following the initial vesting schedule that began on March 1, 2025.

Industry Context

StockSavvy.ai notes that routine insider transaction reports like this Form 4 are common across all industries, reflecting standard executive compensation practices involving equity awards. The vesting of RSUs is a typical component of long-term incentive plans designed to align executive interests with company performance.

Stakeholder Impact

• Shareholders: The vesting and tax withholding are part of the company's established executive compensation plan, which was previously approved. It represents a routine dilution from equity compensation but also aligns executive interests.
• Employees: This filing specifically pertains to a senior executive's compensation and does not directly impact the broader employee base, though it reflects the company's overall compensation philosophy.

Next Steps

• Future installments of the initially granted 288,392 time-based RSUs will continue to vest annually at 20% per year.

Key Dates

Keywords

TTEC Holdings, TTEC, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Chief Financial Officer, Kenneth R. Wagers III