Form 4: TTEC Holdings Executive Michelle Swanback Reports Stock Transactions
SEC Form 4 Filing
Michelle Swanback, President and CEO of TTEC Engage, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.
Summary
- On May 2, 2024, Michelle Swanback, President and CEO of TTEC Engage, vested 12,190 restricted stock units (RSUs).
- These RSUs are part of an initial grant of 60,951 time-based RSUs awarded on May 2, 2022, which vest in five annual installments of 20% starting May 2, 2023.
- Following the vesting, 3,505 shares were withheld to cover tax obligations at a price of $7.525 per share.
- Swanback now directly owns 25,198 shares of TTEC Holdings, Inc. common stock after the transaction.
- After the transaction, Swanback directly owns 36,570 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/02/2022 | Initial grant date of 60,951 time-based RSUs. |
| 05/02/2023 | First vesting date of the RSUs (20%). |
| 05/02/2024 | Date of reported transaction: Vesting of 12,190 RSUs and tax withholding. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
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