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

Kenneth R. Wagers III, CFO of TTEC Holdings, Inc., was granted 60,137 restricted stock units (RSUs) on October 4, 2024, which vest over the next two years.

Summary

• On October 4, 2024, Kenneth R. Wagers III, the Chief Financial Officer of TTEC Holdings, Inc., received 60,137 time-based Restricted Stock Units (RSUs).
• These RSUs will vest in two equal installments: 50% on October 4, 2025, and the remaining 50% on October 4, 2026.
• Following this transaction, Wagers directly owns 60,137 shares of common stock underlying the RSUs.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a transaction. The sentiment is slightly positive as it reflects continued investment in the company's leadership.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's performance or future prospects.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common across publicly traded companies.
• The vesting schedule of 50% per year is a fairly standard approach to incentivizing long-term performance.
• Comparable companies in the business process outsourcing (BPO) and customer experience technology sectors, such as Teleperformance, Concentrix, and Sitel Group, also utilize equity-based compensation for their executives.

Stakeholder Impact

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

Key Dates