Form 4: TTEC Holdings CFO Kenneth Wagers III Reports Stock Transactions Following RSU Vesting

Kenneth Wagers III, CFO of TTEC Holdings, reports the vesting of restricted stock units and subsequent withholding of shares to cover tax obligations.

Summary

• On March 1, 2025, Kenneth Wagers III, CFO of TTEC Holdings, vested 57,678 Restricted Stock Units (RSUs).
• These RSUs are part of an initial grant of 288,392 time-based RSUs awarded on March 1, 2024, which vest in five annual installments of 20% each.
• Following the vesting, 14,889 shares were withheld to satisfy tax obligations at a price of $3.38 per share.
• After these transactions, Wagers directly owns 42,789 shares of TTEC Holdings common stock and 230,714 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and doesn't indicate any significant positive or negative events. The sentiment is neutral to slightly positive due to the continued vesting of RSUs.

Positives

• The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.

Future Outlook

The document does not contain specific forward-looking statements beyond the scheduled vesting of the remaining RSUs.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It provides transparency into the equity holdings of key executives.

Comparison to Industry Standards

• Equity compensation, including RSUs, is a standard practice among publicly traded companies to incentivize and retain key executives.
• The vesting schedule of the RSUs (20% per year over five years) is a common vesting structure.
• Companies like Accenture, Infosys, and Tata Consultancy Services also utilize similar equity compensation plans for their executives.

Stakeholder Impact

• The vesting of RSUs aligns management's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates