TTEC.NASDAQTtec Holdings, INC

Form 4: TTEC Holdings Executive Francois Bourret Reports Stock Transactions Following RSU Vesting

Sentiment:

SEC Form 4

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Francois Bourret, Chief Accounting Officer of TTEC Holdings, reports the vesting of restricted stock units (RSUs) and subsequent tax withholding of shares.

Summary

  • On July 1, 2024, Francois Bourret, Chief Accounting Officer of TTEC Holdings, had restricted stock units (RSUs) vest.
  • These RSUs were initially granted in 2020, 2021, and 2022 and vest in four annual installments.
  • The vesting of RSUs resulted in the acquisition of 674, 335, and 422 shares of common stock, respectively.
  • A portion of the shares were withheld to satisfy tax obligations, with shares being disposed of at a price of $5.75.
  • Following these transactions, Bourret directly owns 6,917 shares of TTEC Holdings common stock.

Sentiment

Score: 5

Explanation: This is a neutral event reflecting scheduled compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock ownership of company insiders.

Stakeholder Impact

  • The vesting of RSUs dilutes existing shareholders' equity slightly.

Key Dates

DateDescription
07/01/2020Initial grant date of 2,695 time-based RSUs vesting in four installments.
07/01/2021Initial vesting date for RSUs granted on July 1, 2020; initial grant date of 1,342 time-based RSUs vesting in four installments.
07/01/2022Initial vesting date for RSUs granted on July 1, 2021; initial grant date of 1,687 time-based RSUs vesting in four installments.
07/01/2023Initial vesting date for RSUs granted on July 1, 2022.
07/01/2024Vesting of RSUs and related stock transactions reported in Form 4.
07/03/2024Date of Form 4 filing.

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