Richards Bruce 4

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.