Frerichs Robert N 4
Research Summary
AI-generated summary
TTEC Director Robert Frerichs Receives RSU Award
What Happened
Robert N. Frerichs, a director of TTEC Holdings, had 36,965 time-based restricted stock units (RSUs) vest/convert on May 21, 2026 (reported as an exercise/conversion at $0.00) and was granted 70,896 new time-based RSUs the same day (reported as an award at $0.00). All transactions show $0 consideration because these were RSU vesting/settlement events and a new RSU grant — not open-market purchases or cash sales.
Key Details
- Transaction date(s): May 21, 2026 (filed May 26, 2026).
- Reported prices/values: $0.00 for all items (vesting/conversion and award).
- Reported entries: M — 36,965 shares acquired (exercise/conversion) and 36,965 shares disposed (derivative); A — 70,896 RSUs granted (acquired).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: F1 — 36,965 RSUs reflect vesting of RSUs originally granted May 23, 2025; F2 — 70,896 RSUs granted May 21, 2026. Both sets vest in full on the earlier of the first anniversary of grant, the next annual meeting, or a change-in-control.
- Filing timeliness: The Form 4 was filed five days after the transactions (May 26 vs May 21), which appears to be outside the typical two-business-day reporting window for insiders.
Context
These entries reflect compensation-related RSU vesting and a new RSU grant rather than a market buy or sell. RSU grants and vesting are routine director compensation and do not by themselves signal an insider purchasing stock as an investment. The $0 amounts are normal for RSU settlements — no cash was paid or received. Note the apparent late filing; while often procedural, late Form 4s can affect transparency for investors tracking insider activity.