Twomey Cormac J 4

What Happened

• Cormac J. Twomey, EVP, Global Operations & Delivery at Concentrix (CNXC), had 491 restricted stock units (RSUs vest) issued on January 28, 2026. Of those, 231 shares were withheld to cover tax liability at $36.32 per share (total withheld ≈ $8,390), leaving 260 net shares delivered to him.
• This was an award/vesting event (code A) with a related tax withholding disposition (code F). The acquisition price for the vested shares is $0 because they were issued on vesting.

Key Details

• Transaction dates: 2026-01-28 (vesting and tax withholding). Form filed: 2026-01-30 (no late filing indicated).
• Shares issued on vesting: 491 @ $0.00 (acquired). Shares withheld for taxes: 231 @ $36.32 (disposed) = $8,390.
• Net shares received by insider: 491 − 231 = 260 shares.
• Footnote: These shares were issued upon vesting of RSUs granted under the 2020 Stock Incentive Plan on Jan 27, 2023, contingent on performance measured over a three‑year period ending Nov 30, 2025.
• Shares owned after the transaction: not disclosed in the provided Form 4 details.

Context

• This is a standard RSU vesting with share withholding to satisfy tax obligations (routine, not an open‑market sale). Tax‑withholding dispositions (code F) do not indicate a decision to sell for investment reasons.
• For retail investors, purchases or open‑market buys by insiders tend to signal direct bullishness more than vesting events; this filing primarily reflects compensation settlement and tax withholding.