Concentrix (CNXC) EVP gets performance RSUs; shares withheld for taxes
Rhea-AI Filing Summary
Concentrix Corp EVP Cormac J. Twomey reported routine equity compensation activity. On January 28, 2026, he acquired 491 shares of common stock at $0 upon vesting of performance-based restricted stock units granted under the 2020 Stock Incentive Plan. On the same date, 231 shares were disposed of at $36.32 per share, reflecting shares withheld to cover taxes. After these transactions, he directly owned 58,434 Concentrix common shares.
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FAQ
What insider transactions did Concentrix (CNXC) EVP Cormac J. Twomey report?
EVP Cormac J. Twomey reported receiving 491 Concentrix common shares from vested restricted stock units and a related tax withholding of 231 shares on January 28, 2026. Following these routine equity compensation transactions, he directly held 58,434 shares of Concentrix stock.
How many Concentrix (CNXC) shares does EVP Cormac J. Twomey own after this Form 4?
After the reported transactions, EVP Cormac J. Twomey directly owns 58,434 Concentrix common shares. This figure reflects both the 491 shares received from vested performance-based restricted stock units and the 231 shares withheld to satisfy tax obligations.
What was the nature of the 491 Concentrix (CNXC) shares acquired by the EVP?
The 491 shares acquired at $0 were issued upon vesting of restricted stock units granted under Concentrix’s 2020 Stock Incentive Plan. These units vested based on performance metrics measured over a three-year period ending November 30, 2025.
Why were 231 Concentrix (CNXC) shares disposed of in this insider filing?
The 231 shares of Concentrix common stock disposed of at $36.32 per share represent shares withheld to cover tax obligations arising from the vesting of restricted stock units, rather than an open-market sale by EVP Cormac J. Twomey.
What compensation plan governed the Concentrix (CNXC) restricted stock units that vested?
The vested restricted stock units were granted under Concentrix’s 2020 Stock Incentive Plan. They vested on January 28, 2026 after meeting performance metrics evaluated over a three-year period ending on November 30, 2025.