Concentrix Corp·4

Jan 27, 4:40 PM ET

Twomey Cormac J 4

Research Summary

AI-generated summary

Updated

Concentrix (CNXC) EVP Cormac Twomey Sells 3,185 Shares for Taxes

What Happened

  • Cormac J. Twomey, EVP, Global Operations & Delivery at Concentrix, had shares withheld to cover tax obligations related to equity compensation. Two dispositions totaled 3,185 shares: 2,893 shares withheld at $43.22 on 2026-01-24 for $125,035, and 292 shares withheld at $42.69 on 2026-01-26 for $12,465. These transactions are coded F (payment of exercise price or tax liability), i.e., shares retained to satisfy taxes rather than an open-market sale for investment purposes.

Key Details

  • Transaction dates and prices: 2026-01-24 — 2,893 shares @ $43.22; 2026-01-26 — 292 shares @ $42.69.
  • Total disposed: 3,185 shares for approximately $137,500.
  • Transaction code: F (payment of exercise price or tax liability — tax withholding on equity compensation).
  • Shares owned after transaction: not specified in the provided filing summary.
  • Filing: Report filed with the SEC on 2026-01-27 covering the 2026-01-24 report period; the filing date is shown but the provided data does not flag the report as late.

Context

  • These transactions represent routine tax withholding tied to equity compensation (likely from option exercises or vested awards) and are different from open-market sales. Such withholdings are common and typically do not signal a change in an insider’s view of the company.