Form 4: TTEC Holdings GC & CRO Margaret McLean Reports Routine RSU Vesting and Tax Withholding

Margaret B. McLean, General Counsel and Chief Risk Officer of TTEC Holdings, Inc., reported the routine vesting of Restricted Stock Units and associated share withholding for tax obligations on July 1, 2025.

Summary

• Margaret B. McLean, TTEC Holdings, Inc.'s General Counsel and Chief Risk Officer, reported transactions related to her beneficial ownership.
• On July 1, 2025, 644 Restricted Stock Units (RSUs) vested, originating from a grant of 2,576 time-based RSUs on July 1, 2021, which vest in four annual 25% installments starting July 1, 2022.
• Concurrently, 186 shares of Common Stock were disposed of at a price of $4.96 per share to satisfy tax obligations related to the RSU vesting, with no actual sale of shares.
• Additionally, on July 1, 2025, 843 Restricted Stock Units (RSUs) vested, stemming from an initial grant of 3,373 time-based RSUs on July 1, 2022, which vest in four annual 25% installments starting July 1, 2023.
• Another 243 shares of Common Stock were disposed of at a price of $4.96 per share for tax withholding purposes related to this second RSU vesting, with no shares sold.
• Following these transactions, Margaret B. McLean's direct beneficial ownership of TTEC Common Stock is 64,337 shares.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to executive compensation (RSU vesting and tax withholding). These are expected events and do not indicate any significant positive or negative developments for the company.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of long-term incentive compensation plans for a key executive.
• The transactions are routine and reflect the planned compensation structure, not discretionary sales.

Negatives

• Shares were withheld to cover tax obligations, which slightly reduces the number of shares directly held by the executive post-vesting.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) detailing executive compensation vesting and tax withholding. It does not provide information relevant to broader industry trends or competitive dynamics, as it focuses solely on an individual's share ownership changes.

Comparison to Industry Standards

• This document details routine RSU vesting and tax withholding for an executive, which is a standard practice in executive compensation across various industries. It does not provide specific financial or operational results that can be directly compared to global benchmarks or specific competitor projects.

Stakeholder Impact

• Shareholders: The report indicates routine executive compensation, which is part of the company's established governance and compensation practices. The slight reduction in direct shares held by the executive due to tax withholding is a standard, non-discretionary event.
• Employees: No direct impact on employees beyond the executive.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Next Steps

• No specific future actions, events, or milestones are mentioned beyond the ongoing vesting schedules for the remaining RSU grants.

Key Dates

Keywords

TTEC Holdings, TTEC, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Margaret B. McLean, Share Ownership, Tax Withholding