Form 4: TTEC Holdings Executive David J. Seybold Reports Stock Transactions Following RSU Vesting

TTEC Holdings executive David J. Seybold reports the vesting of restricted stock units and subsequent tax withholding of shares.

Summary

• David J. Seybold, CEO of TTEC Digital, reported transactions related to the vesting of restricted stock units (RSUs).
• On November 28, 2024, 26,218 RSUs vested, converting into common stock.
• A portion of the vested shares, specifically 9,570 shares, were withheld to cover tax obligations at a price of $5.14 per share.
• Following these transactions, Seybold directly owns 16,648 shares of TTEC common stock and 39,327 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. There is no indication of positive or negative sentiment, it is a standard process.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of granting and vesting restricted stock units as part of executive compensation packages.

Comparison to Industry Standards

• The vesting schedule of 40% initially and 20% annually is a common practice for RSU grants in the technology and services industry.
• Tax withholding of shares upon vesting is a standard procedure to cover income tax obligations.
• Many companies such as Accenture, Cognizant, and Infosys use similar RSU vesting schedules for their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of shares from existing equity plans.
• The tax withholding ensures compliance with tax regulations.

Key Dates

Keywords

TTEC Holdings, David J. Seybold, Restricted Stock Units, RSU Vesting, Stock Transactions, SEC Form 4, Executive Compensation