Valentine Andre S 4
Research Summary
AI-generated summary
Concentrix CFO Valentine Andre Receives RSU Award; 130 Shares Withheld
What Happened
- Valentine Andre S, Chief Financial Officer of Concentrix Corp (CNXC), had 436 restricted stock units (RSUs vest) reported as an acquisition on 2026-01-28 (recorded as code A).
- To cover tax withholding on the vesting, 130 shares were surrendered/disposed (code F) at $36.32 per share, totaling $4,722. The acquisition itself is an award (no cash purchase).
Key Details
- Transaction date: 2026-01-28; Form 4 filed: 2026-01-30 (timely filing within the 2-business-day window).
- Award/acquisition: 436 shares issued at $0.00 (code A).
- Tax withholding/disposition: 130 shares withheld at $36.32 per share, amount $4,722 (code F).
- Shares owned after transaction: not specified in the filing.
- Footnote: The 436 shares represent RSUs that vested from an award granted Jan 27, 2023 under the 2020 Stock Incentive Plan, subject to performance metrics measured over the three-year period ending Nov 30, 2025 (see footnote F1).
- This filing shows a vesting/award and routine tax-withholding — not an open-market sale or a discretionary purchase.
Context
- RSU vesting is a standard form of compensation; companies commonly withhold a portion of vested shares to satisfy tax obligations (code F). These withheld shares are not a market-sale signal about the insider’s view of the stock.
- Because the transaction is an award plus withholding for taxes, it differs from a buy (potentially bullish) or a voluntary sell (possibly liquidity/portfolio reasons).