Manhattan Associates (MANH) SVP Bruce Richards Sells 2,339 Shares for Taxes

What Happened
Bruce Richards, SVP, Chief Legal Officer & Secretary of Manhattan Associates (MANH), disposed of 2,339 shares on Jan 31, 2026 as payment of tax liability. The shares were valued at $151.01 each, for a total of about $353,212. This was a tax-withholding/net-share settlement (routine disposition), not an open-market sale used to take cash.

Key Details

• Transaction date: 2026-01-31; Filing date: 2026-02-03 (Form 4 accession 0001225208-26-001227).
• Shares disposed/withheld: 2,339 at $151.01 per share; total value ≈ $353,212.
• Transaction code: F — payment of exercise price or tax liability (shares surrendered/withheld).
• Shares owned after transaction: not specified in the provided summary.
• No indication in the provided data that the filing was late.

Context
Code F typically means the insider used company shares to satisfy tax withholding obligations after an option exercise or restricted stock vesting (a net-share settlement). These transactions are routine administrative actions and do not necessarily signal a change in the insider’s view of the company.