Form 4: TTEC Digital CEO's Stock Vesting & Tax Sale

TTEC Holdings' CEO of TTEC Digital, David J. Seybold, reported the vesting of Restricted Stock Units and subsequent share withholding for tax obligations.

Summary

• David J. Seybold, CEO of TTEC Digital, reported transactions related to his beneficial ownership in TTEC Holdings, Inc.
• On October 4, 2025, 21,477 Restricted Stock Units (RSUs) vested.
• These RSUs were part of an initial grant of 42,955 time-based RSUs received on October 4, 2024, vesting in two 50% annual installments.
• Concurrently, 6,465 shares of common stock were disposed of at a price of $3.59 per share to satisfy tax obligations related to the RSU vesting.
• No shares were sold by the reporting person; the disposition was solely for tax withholding.
• Following these transactions, David J. Seybold beneficially owns 40,527 shares of common stock and 21,478 Restricted Stock Units.

Sentiment

Score: 7

Explanation: This is a routine executive compensation event. The vesting of RSUs is a positive for the executive, and the fact that shares were withheld only for tax obligations rather than a personal sale is a neutral to slightly positive signal regarding management's confidence.

Positives

• Vesting of 21,477 Restricted Stock Units (RSUs) for David J. Seybold, indicating continued compensation and alignment with company performance.
• The disposition of shares was solely for tax withholding, not a personal sale by the executive, which may signal confidence in the company.

Negatives

• 6,465 shares of common stock were disposed of to cover tax obligations, reducing the executive's direct shareholding.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The vesting of Restricted Stock Units (RSUs) for David J. Seybold is a standard executive compensation event, representing a related-party transaction between the company and its CEO of TTEC Digital.

Stakeholder Impact

• Shareholders: The vesting of RSUs represents a planned issuance of shares, which can lead to minor dilution. However, the executive's retention of a significant portion of the vested shares (after tax withholding) may be viewed positively as a sign of continued alignment with shareholder interests.
• Management: The transaction reflects a component of the executive's compensation package, reinforcing their financial interest in the company's performance.

Next Steps

• The remaining 21,478 Restricted Stock Units are expected to vest in a future installment, likely on October 4, 2026, as per the initial two-installment vesting schedule.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of Restricted Stock Units and subsequent tax withholding. There were no open market sales by the executive, which is a neutral to slightly positive signal regarding management's confidence. The transaction itself does not provide new fundamental information to warrant a change in investment recommendation.

Keywords

TTEC, TTEC Holdings, David Seybold, Form 4, RSU, Restricted Stock Units, insider transaction, executive compensation, stock vesting, CEO