HCKT CFO converts 24,000 PRSUs; 9,444 shares withheld for taxes
Rhea-AI Filing Summary
Insider transaction summary: The Chief Financial Officer of Hackett Group, Inc. (HCKT) reported transactions dated 09/16/2025 showing the vesting and disposition of performance-based and restricted stock units. A total of 24,000 shares were acquired upon vesting of performance restricted stock units (PRSUs) tied to multi-year stock-price hurdles and time-based service requirements, and 9,444 shares were disposed of to satisfy tax withholding, leaving 137,723 shares beneficially owned directly after the reported transactions. The filing notes 16,201 unvested restricted stock units (RSUs) remain outstanding and that the PRSUs convert one-for-one to common shares upon vesting, subject to achievement of performance hurdles through the 12/31/2028 performance period.
Positive
- 24,000 PRSUs converted to common shares, indicating an initial performance hurdle was met
- Executive retained meaningful ownership with 137,723 shares beneficially owned after transactions
Negative
- 16,201 unvested RSUs remain and could cause dilution if they vest
- 9,444 shares withheld for taxes reduced net share receipt from the vesting event
Insights
TL;DR: Vesting reflects achievement of an initial PRSU stock-price hurdle and routine tax withholding.
The transaction shows 24,000 PRSUs converted to common shares after meeting the first of three pre-set stock-price hurdles for a grant with a performance period ending on 12/31/2028. The PRSUs include time-based service conditions that may delay vesting for later hurdles until the second and third anniversaries of the grant date.
Key dependencies include continued service through milestone dates and future achievement of two additional price hurdles; monitor vesting schedules and the 16,201 unvested RSUs as potential future dilution over the next three years.
TL;DR: The filing is a routine Section 16 disclosure showing executive compensation realization and tax withholding.
The CFO reported both acquisition on vesting and share withholding to meet tax obligations, a common execution for equity compensation plans. The remaining direct beneficial ownership is 137,723 shares after the transactions, which provides context for executive alignment with shareholders.
Watch for future Form 4s if subsequent PRSU hurdles are met or if any material changes to equity plan terms are disclosed by HCKT through the performance period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units | 24,000 | $0.00 | -- |
| Exercise | Common Stock | 24,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,444 | $0.00 | -- |
Footnotes (1)
- Represents the number of shares of Common Stock that were acquired on vesting of the performance stock units ("PRSUs") granted on September 16, 2024, upon the achievement of the first of three pre-established stock price hurdles over a performance period beginning on September 16, 2024, and ending on December 31, 2028 (the "Performance Period") and the satisfaction of the time-based vesting condition Includes 16,201 unvested RSUs. Represents shares withheld to satisfy tax withholding obligations. Each PRSU represents a contingent right to receive one share of Common Stock. The number of shares of Common Stock that will be acquired on vesting of the PRSUs is contingent upon the achievement of pre-established stock price hurdles during the Performance Period. Notwithstanding the date of achievement of the stock price hurdles during the Performance Period, the PRSUs subject to the second and third stock price hurdles may not vest until the second and third anniversary of the grant date, respectively, which requires continued service through such date.
