Pinne Linda C. 4
Research Summary
AI-generated summary
Manhattan Associates SVP Linda Pinne Receives RSU Award
What Happened
- Linda C. Pinne, SVP & Global Corporate Controller of Manhattan Associates (MANH), was reported as receiving two awards on Jan 22, 2026 totaling 1,015 performance-based restricted stock units (RSUs): 798 RSUs and 217 RSUs. Each grant was recorded at $0.00 (no cash paid at grant), so the immediate reported value is $0.
Key Details
- Transaction date: 2026-01-22 (Form 4 filed 2026-02-18).
- Grants: 798 RSUs @ $0.00 and 217 RSUs @ $0.00 — total 1,015 RSUs awarded (transaction code A = Award).
- Shares owned after transaction: 42,672 common shares (this total includes outstanding and unvested RSUs and performance RSUs; per filing).
- Footnotes: F1 = 798 RSUs are performance-based RSUs granted Jan 23, 2025; F2 = 217 RSUs granted July 30, 2025. Both sets vest 25% on Feb 28, 2026 and 25% on Jan 31 of each year thereafter until fully vested.
- Filing timeliness: The Form 4 was filed on Feb 18, 2026 for a Jan 22, 2026 transaction — which appears later than the usual two-business-day Form 4 deadline.
Context
- These were awards (compensation) not open-market purchases or sales. Performance-based RSUs vest over time and/or upon achieving performance goals; they do not indicate an immediate cash transaction or sale.
- For retail investors, awards increase an insider’s potential future stake but are subject to vesting and performance conditions, so they shouldn’t be read as an immediate market endorsement or divestment.