TTEC (NASDAQ: TTEC) CLO RSUs vest while shares are withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TTEC Holdings Chief Legal & Risk Officer Margaret B. McLean reported routine equity compensation activity. On July 1, 2026, 844 Restricted Stock Units vested and converted into 844 shares of common stock, reflecting one of four annual installments from a 3,373-unit grant awarded on July 1, 2022.
To cover tax obligations from this vesting, 243 common shares were withheld at a price of $2.10 per share, and no shares were sold in the market. Reported direct ownership was 86,556 shares after the RSU vesting and 86,313 shares after the tax withholding, indicating a small net increase in her equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
844 shares exercised/converted
Mixed
3 txns
Insider
McLean Margaret B
Role
Chief Legal & Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 844 | $0.00 | -- |
| Exercise | Common Stock | 844 | $0.00 | -- |
| Tax Withholding | Common Stock | 243 | $2.10 | $510.30 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 86,556 shares (Direct, null)
Footnotes (1)
- Reflects vesting of Restricted Stock Units ("RSUs") on July 1, 2026. The Reporting Person initially received 3,373 time-based RSUs on July 1, 2022. The RSUs vest in four installments of approximately 25% per year beginning on July 1, 2023. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of RSUs. No shares were sold
Key Figures
RSUs vested: 844 units
Original RSU grant: 3,373 units
Shares withheld for taxes: 243 shares
+3 more
6 metrics
RSUs vested
844 units
Time-based RSUs vested on July 1, 2026
Original RSU grant
3,373 units
Time-based RSUs granted July 1, 2022, vesting over four years
Shares withheld for taxes
243 shares
Withholding to satisfy tax obligations on July 1, 2026
Withholding reference price
$2.10 per share
Value used for tax-withholding disposition
Shares after RSU vesting
86,556 shares
Direct ownership after RSUs converted to common stock
Shares after tax withholding
86,313 shares
Direct ownership after withholding 243 shares for taxes
Key Terms
Restricted Stock Units, time-based RSUs, withholding of shares, tax obligations, +1 more
5 terms
Restricted Stock Units financial
"Reflects vesting of Restricted Stock Units ("RSUs") on July 1, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based RSUs financial
"The Reporting Person initially received 3,373 time-based RSUs on July 1, 2022."
tax obligations financial
"Reflects withholding of shares to satisfy tax obligations in connection with the vesting of RSUs."
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What did TTEC (TTEC) executive Margaret McLean report in this Form 4?
Margaret McLean reported RSU vesting and related tax withholding. 844 Restricted Stock Units vested into common shares, and 243 shares were withheld to satisfy tax obligations, with no open-market sales reported.
How many TTEC (TTEC) Restricted Stock Units vested for Margaret McLean?
844 Restricted Stock Units vested for Margaret McLean. These units are part of a 3,373-unit time-based grant awarded on July 1, 2022, vesting in four roughly equal annual installments beginning July 1, 2023.
What is the size and vesting schedule of Margaret McLean’s TTEC RSU grant?
The time-based RSU grant totaled 3,373 units, granted on July 1, 2022. The RSUs vest in four installments of approximately 25% per year, with vesting dates beginning on July 1, 2023 and continuing annually.