Richards Bruce 4

What Happened Bruce Richards, SVP, Chief Legal Officer & Secretary of Manhattan Associates (MANH), was granted 3,417 restricted stock units (RSUs) on February 4, 2026. The Form 4 reports an acquisition amount of $0 per share (award/grant), reflecting that this was a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-04; Form 4 filed 2026-02-05 (timely filing).
• Transaction type/code: Award/Grant (A); 3,417 RSUs granted at $0.00 reported acquisition price.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: RSUs vest 25% on January 31st of each year following the grant date until fully vested (per F1).
• No indication of a 10b5-1 plan, tax-withholding share forfeiture, or immediate sale in the reported transaction.

Context RSU grants are a form of equity compensation that typically vest over time; they do not represent an immediate cash purchase or sale. Because these units vest in annual 25% increments, Richards will only receive vested shares on future vesting dates per the schedule. Such awards are routine for executives and reflect compensation, not a direct market endorsement or liquidation by the insider.