Restricted stock grant increases Concentrix (NASDAQ: CNXC) director stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OGUT BILGE reported acquisition or exercise transactions in this Form 4 filing.
Concentrix Corp director Bilge Ogut received 7,701 shares of common stock as a restricted stock unit award. The grant was made at no cash cost to the director and represents equity-based compensation rather than an open-market purchase or sale.
According to the terms, these restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the date of Concentrix’s 2027 Annual Meeting of Stockholders. After this award, Ogut holds 7,701 shares directly, aligning personal ownership with shareholder interests through time-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OGUT BILGE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,701 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,701 shares (Direct)
Footnotes (1)
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FAQ
What did Concentrix (CNXC) director Bilge Ogut report in this Form 4?
Bilge Ogut reported receiving an award of 7,701 shares of Concentrix common stock as restricted stock units. The award is equity compensation, not an open-market transaction, and brings Ogut’s directly held stake to 7,701 shares following the grant.
Is the Concentrix (CNXC) Form 4 a stock purchase or a compensation grant?
The Form 4 reflects a compensation grant, not a stock market purchase. Bilge Ogut received 7,701 restricted stock units at no cash cost under the 2020 Stock Incentive Plan as part of director equity compensation, rather than buying shares on the open market.
When do Bilge Ogut’s Concentrix (CNXC) restricted stock units vest?
The 7,701 restricted stock units vest in full on the earlier of two dates: the one-year anniversary of the grant date or the date of Concentrix’s 2027 Annual Meeting of Stockholders. Vesting must occur before the award fully converts into unrestricted shares.