Form 4: TTEC Holdings Executive Margaret McLean Reports Stock Transactions
SEC Form 4
Margaret McLean, GC & CRO of TTEC Holdings, reports the vesting of restricted stock units and performance-based restricted stock units, along with associated tax withholdings.
Summary
- On March 4, 2024, Margaret McLean vested 612 Restricted Stock Units (RSUs).
- 209 shares were withheld to cover tax obligations related to the RSU vesting at a price of $12.91.
- On March 5, 2024, 1,557 Performance Based Restricted Stock Units (PRSUs) vested.
- 531 shares were withheld to cover tax obligations related to the PRSU vesting at a price of $12.43.
- Following these transactions, McLean directly owns 53,123 shares of TTEC Holdings common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Stakeholder Impact
- The vesting of RSUs and PRSUs impacts the reporting person's ownership stake in the company.
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/04/2020 | Reporting Person initially received 2,446 time-based RSUs |
| 03/04/2021 | RSUs vest in four installments of 25% per year beginning on this date |
| 03/03/2021 | Date of grant for Performance Based Restricted Stock Units (PRSUs) |
| 03/04/2024 | Vesting of Restricted Stock Units (RSUs) |
| 03/04/2024 | Shares withheld to satisfy tax obligations in connection with the vesting of RSUs |
| 03/05/2024 | Vesting of Performance Based Restricted Stock Units (PRSUs) |
| 03/05/2024 | Shares withheld to satisfy tax obligations in connection with the vesting of PRSUs |
| 03/06/2024 | Date of signature on the Form 4 filing |
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