Richards Bruce 4
4 · MANHATTAN ASSOCIATES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Manhattan Associates (MANH) SVP Bruce Richards Receives RSU Award
What Happened
Bruce Richards, SVP, Chief Legal Officer & Secretary of Manhattan Associates (MANH), was reported on Form 4 as acquiring two grants of performance-based restricted stock units (RSUs) totaling 4,568 RSUs (3,593 + 975) on 2026-01-22. The reported price is $0.00 per share (typical for RSU awards), so no cash changed hands at grant.
Key Details
- Transaction date(s): reported acquisitions on 2026-01-22 (Form 4 filed 2026-02-18).
- Shares and prices: 3,593 RSUs @ $0.00 (F1) and 975 RSUs @ $0.00 (F2) — total 4,568 RSUs; total reported value $0.
- Vesting/footnotes: F1 grants dated Jan 23, 2025 and F2 grants dated July 30, 2025 per the filing; both are performance-based RSUs that vest 25% on Feb 28, 2026 and 25% on Jan 31 of each year thereafter until fully vested.
- Shares owned after transaction: Reporting person beneficially owns 30,897 shares (includes outstanding and unvested RSUs/performance RSUs) (F3).
- Filing timeliness: The Form 4 was filed on 2026-02-18 for a 2026-01-22 transaction, which is later than the typical two-business-day filing window for insiders.
Context
RSU awards are not open-market purchases or sales — they represent a promise of future shares subject to vesting and, for performance RSUs, meeting performance conditions. The $0.00 price on the Form 4 reflects the nature of the grant (no immediate cash paid). Such awards are routine executive compensation and do not by themselves signal an immediate change in trading intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-22+3,593→ 28,844 total - Award
Common Stock
[F2][F3]2026-01-22+975→ 29,819 total
Footnotes (3)
- [F1]These are performance-based restricted stock units granted on January 23, 2025 under the Company's stock incentive plan, vesting 25% on February 28, 2026 and 25% on January 31st of each year thereafter until fully vested.
- [F2]These are performance-based restricted stock units granted on July 30, 2025 under the Company's stock incentive plan, vesting 25% on February 28, 2026 and 25% on January 31st of each year thereafter until fully vested.
- [F3]As of the filing date of this Form 4, the Reporting Person beneficially owns 30,897 shares of common stock of the Issuer, which includes outstanding and unvested RSUs and unvested performance-based RSUs.