Form 4: TTEC Holdings CFO Kenneth R. Wagers III Receives 288,392 Restricted Stock Units

Kenneth R. Wagers III, CFO of TTEC Holdings, Inc., was granted 288,392 time-based Restricted Stock Units (RSUs) on March 1, 2024, which vest over a period of three years.

Summary

• On March 1, 2024, Kenneth R. Wagers III, the Chief Financial Officer of TTEC Holdings, Inc., received 288,392 time-based Restricted Stock Units (RSUs).
• The RSUs vest 40% on March 1, 2026, and then 20% annually for the remaining three years.

Sentiment

Score: 7

Explanation: The document indicates a standard compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders, incentivizing him to drive long-term value creation.

Risks

• The vesting schedule means the CFO's compensation is tied to his continued employment with the company.

Future Outlook

The vesting schedule of the RSUs suggests a commitment to long-term value creation and retention of the CFO.

Industry Context

Granting RSUs to key executives is a common practice in the industry to align management's interests with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Many companies in the technology and business services sectors use RSUs as part of their executive compensation packages.
• The vesting schedule of 40% after two years and then 20% annually is fairly standard, similar to companies like Accenture and Cognizant.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns management's interests with long-term company performance.
• Employees may see this as a sign of the company's commitment to its leadership team.

Key Dates