Form 4: TTEC Digital CEO David Seybold Reports Vesting of Restricted Stock Units and Tax Withholding

TTEC Holdings, Inc. CEO of TTEC Digital, David J. Seybold, reported the vesting of 13,964 Restricted Stock Units (RSUs) and the subsequent withholding of 5,097 shares for tax obligations.

Summary

• David J. Seybold, CEO of TTEC Digital, reported a transaction on May 30, 2025, involving TTEC Holdings, Inc. common stock.
• The transaction included the acquisition of 13,964 shares of common stock due to the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Concurrently, 5,097 shares of common stock were disposed of at a price of $4.91 to satisfy tax obligations related to the RSU vesting; no shares were sold.
• Following these transactions, Mr. Seybold directly beneficially owns 25,515 shares of common stock.
• Additionally, Mr. Seybold directly beneficially owns 27,926 derivative securities in the form of Restricted Stock Units.
• The initial grant of 41,890 time-based RSUs occurred on May 30, 2024, with vesting scheduled in three annual installments of 33% starting May 30, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine, expected transaction (RSU vesting) which is positive for the executive as it converts equity awards into shares. It does not indicate any new strategic or financial developments for the company, nor does it suggest any immediate negative implications.

Positives

• The vesting of Restricted Stock Units (RSUs) represents a conversion of equity awards into actual shares for the executive, aligning executive incentives with shareholder value over time.
• The transaction is part of a pre-established compensation plan, indicating a structured approach to executive remuneration.

Future Outlook

The document indicates that the remaining Restricted Stock Units (RSUs) will continue to vest in two additional annual installments of 33% each, following the initial vesting on May 30, 2025.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the vesting of Restricted Stock Units. Such transactions are common across industries as a standard component of executive incentive and retention programs, reflecting the pre-determined schedule of equity awards.

Stakeholder Impact

• Shareholders: This is a routine compensation event and does not directly impact the company's operational or financial performance. It represents a minor dilution from the issuance of shares upon vesting, which is typically accounted for in compensation planning.
• Employees: The vesting of RSUs is a standard component of executive compensation, which can serve as a model for broader employee equity programs, potentially impacting morale and retention.

Next Steps

• Future installments of the remaining 27,926 Restricted Stock Units (RSUs) are expected to vest annually on May 30, 2026, and May 30, 2027, as per the three-year vesting schedule.

Key Dates

Keywords

TTEC Holdings, TTEC, David J. Seybold, Restricted Stock Units, RSU vesting, insider transaction, Form 4, executive compensation, stock ownership, tax withholding