TTEC officer reports 20,618 RSUs vesting; 5,928 shares withheld
Rhea-AI Filing Summary
Margaret B. McLean, Chief Legal & Risk Officer and officer of TTEC Holdings, Inc. (TTEC), reported vesting and related withholding of restricted stock units on 10/04/2025. A grant of 41,237 time-based Restricted Stock Units (RSUs) originally awarded on 10/04/2024 vests in two equal installments; the first installment of 20,618 RSUs vested on 10/04/2025. The filing records a Code M acquisition of 20,618 shares upon vesting and a Code F disposition of 5,928 shares withheld to satisfy tax withholding obligations at an effective price of $3.59 per share. After these transactions the reporting person beneficially owns 79,027 shares directly. The filer attested that no shares were sold in an open-market transaction.
Positive
- RSU vesting executed as scheduled, indicating standard compensation governance and retention alignment
- No open-market sale reported; withheld shares were used solely for tax obligations
Negative
- Tax withholding reduced direct holdings by 5,928 shares, lowering the officer's post-vest share count
- Post-transaction beneficial ownership stands at 79,027 shares, a modest level that may limit insider signal strength
Insights
Officer RSU vesting and tax-withholding reported; ownership modestly reduced by withholding.
The vesting of 20,618 RSUs increases the officer's direct common-stock holdings while the company-withheld 5,928 shares satisfied tax liabilities rather than creating an open-market sale. This is a routine compensation event tied to a prior 10/04/2024 grant that vests 50% annually.
Key dependencies include the remaining unvested RSU tranche on 10/04/2026 and any future withholding or sale policies. Monitor future Form 4s for additional withholding or sales that could affect float in the near term.
Time-based RSU schedule executed as designed; withholding used for taxes, not liquidity monetization.
The RSU vesting follows a standard two-installment schedule with a zero exercise price at vesting, creating immediate taxable income. Withholding of 5,928 shares at an indicated per-share withholding price of $3.59 reduced the post-vest share count from the gross award. No open-market disposition was reported, so this does not signal opportunistic insider selling.
Watch for the second 50% vesting date and any changes to equity compensation practices over the next 12 months that could affect dilution or insider selling patterns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,618 | $0.00 | -- |
| Exercise | Common Stock | 20,618 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,928 | $3.59 | $21K |
Footnotes (1)
- Reflects vesting of Restricted Stock Units ("RSUs") on October 4, 2025. The Reporting Person initially received 41,237 time-based RSUs on October 4, 2024. The RSUs vest in two installments of 50% per year beginning on October 4, 2025. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of RSUs. No shares were sold.
