Clark Eric Andrew 4
Research Summary
AI-generated summary
Manhattan Associates CEO Eric Clark Withholds 4,758 Shares for Taxes
What Happened
- Eric Andrew Clark, President & CEO and director of Manhattan Associates (MANH), acquired 16,214 performance-based restricted stock units (RSUs) reported as an award on 2026-01-22. Following vesting, 4,758 shares were withheld on 2026-02-14 to satisfy his tax liability; the withheld shares were valued at $140.45 each for a total tax withholding of $668,261.
- This filing reflects an award/vesting event and routine tax withholding — not an open-market sale or independent purchase by the insider.
Key Details
- Award: 16,214 RSUs reported 2026-01-22 at $0.00 (code A — award/acquisition).
- Tax withholding: 4,758 shares withheld on 2026-02-14 at $140.45 per share, total $668,261 (code F — tax withholding/payment of exercise price or tax liability).
- Footnote: These are performance-based RSUs granted 01/23/2025 under the company’s stock incentive plan; vesting schedule is 25% on 02/28/2026 and 25% on each 01/31 thereafter until fully vested.
- Filing: Form 4 filed 2026-02-18; Period of report listed as 2026-01-22. The filing does not indicate a late filing status in the provided excerpt.
- Shares owned following the transaction: Not specified in the provided filing excerpt.
Context
- This was a vesting and tax-withholding event for performance RSUs. Withholding shares to satisfy taxes is common and should not be interpreted as a market sale or a directional signal from the insider.
- Code explanation: A = award/grant; F = payment of exercise price or tax liability (share withholding).