Form 4: TTEC Holdings CFO Kenneth Wagers III Reports RSU Vesting and Tax Withholding

TTEC Holdings, Inc.'s Chief Financial Officer, Kenneth R. Wagers III, reported the vesting of 12,065 Restricted Stock Units (RSUs) and the subsequent withholding of 2,938 shares for tax obligations.

Summary

• Kenneth R. Wagers III, Chief Financial Officer of TTEC Holdings, Inc., reported transactions on May 30, 2025.
• 12,065 Restricted Stock Units (RSUs) vested, converting into common stock at a price of $0 per share.
• Concurrently, 2,938 shares of common stock were disposed of at a price of $4.91 per share to satisfy tax withholding obligations related to the RSU vesting.
• No shares were sold by the reporting person; the disposition was solely for tax purposes.
• Following these transactions, Kenneth R. Wagers III beneficially owns 51,916 shares of common stock.
• The initial grant of 36,193 time-based RSUs occurred on May 5, 2025, with future vesting scheduled for May 30, 2026 (12,064 RSUs) and May 30, 2027 (12,064 RSUs).
• After the reported transactions, 24,128 derivative securities (unvested RSUs) remain beneficially owned.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The vesting of RSUs is a positive for the insider as it represents earned compensation. The disposition for tax withholding is a standard, non-discretionary event and does not reflect negative sentiment towards the company.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates the fulfillment of a compensation component for the Chief Financial Officer, aligning management's interests with shareholders.
• The transaction reflects a routine, pre-scheduled event (vesting of RSUs) rather than a discretionary sale of shares by the insider, which can be viewed positively as it doesn't signal a lack of confidence.

Negatives

• A portion of the vested shares (2,938 shares) was withheld to cover tax obligations, resulting in a reduction of the net shares received by the CFO.

Future Outlook

The document indicates future vesting events for the remaining Restricted Stock Units granted to the CFO, with 12,064 RSUs scheduled to vest on May 30, 2026, and another 12,064 RSUs on May 30, 2027.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions, specifically related to compensation. It does not provide broader industry context or trends, as its purpose is to report changes in beneficial ownership.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding the equity holdings and compensation structure of a key executive. The CFO's continued equity stake aligns his interests with shareholder value.
• Employees: The RSU vesting demonstrates the company's compensation practices for its executives, which can be a benchmark for other employees' equity incentive plans.

Next Steps

• Future vesting of 12,064 Restricted Stock Units on May 30, 2026.
• Future vesting of 12,064 Restricted Stock Units on May 30, 2027.

Key Dates

Keywords

TTEC Holdings, TTEC, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Chief Financial Officer, Kenneth R. Wagers III, Stock Ownership, Tax Withholding