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

Francois Bourret, Chief Accounting Officer of TTEC Holdings, reports the vesting of restricted stock units and subsequent share withholding for tax obligations.

Summary

• On March 17, 2024, Francois Bourret, the Chief Accounting Officer of TTEC Holdings, Inc., had 2,718 Restricted Stock Units (RSUs) vest.
• Following the vesting, 781 shares were withheld to satisfy tax obligations at a price of $10.98 per share.
• Bourret now directly owns 5,051 shares of TTEC Holdings common stock after the reported transactions.
• The vesting was part of an initial grant of 10,870 time-based RSUs awarded on April 3, 2023, which vest in four annual installments of 25% beginning March 17, 2024.
• After the transaction, Bourret directly owns 8,152 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The document reflects routine executive compensation activity. It is neither particularly positive nor negative.

Positives

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

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 through the use of RSUs.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.

Key Dates