Wagers Kenneth R III 4

What Happened
Kenneth R. Wagers III, Chief Financial Officer of TTEC Holdings, had 57,679 restricted stock units (RSUs) vest and convert into common shares on March 1, 2026. The RSUs converted at an exercise/conversion price of $0.00. To satisfy tax withholding on the vesting, 14,045 shares were withheld at an indicated value of $2.50 per share (total $35,113), leaving a net issuance to him of 43,634 shares. This is a routine RSU vesting and withholding event, not an open-market purchase or sale.

Key Details

• Transaction date: March 1, 2026 (filed March 3, 2026). Filing appears timely.
• Primary entries on Form 4:
  • 57,679 shares acquired via exercise/conversion of derivative (code M) at $0.00.
  • 14,045 shares withheld to satisfy tax obligations (code F) at $2.50 per share, value $35,113.
  • A corresponding derivative disposition line reflects the RSU-to-share conversion mechanics.
• Net new shares received by Wagers from this vesting: 43,634 (57,679 vested − 14,045 withheld).
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: These shares are part of an original grant of 288,392 time-based RSUs granted March 1, 2024 that vest 20% per year beginning March 1, 2025.
  • F2: Withholding was used to satisfy tax obligations; no shares were sold on the open market.

Context
RSU vesting is a common compensation event for executives and typically reflects scheduled grant terms rather than a directional bet on the stock. The withholding of shares to cover taxes (code F) is standard practice and should not be read as a market sale. For derivative transactions like this, "M" indicates conversion/exercise of the award; the conversion here resulted in newly issued shares with a portion retained for taxes.