Twomey Cormac J 4
Research Summary
AI-generated summary
Concentrix (CNXC) EVP Cormac Twomey Withholds 1,439 Shares for Taxes
What Happened
- Cormac J. Twomey, EVP, Global Operations & Delivery at Concentrix (CNXC), disposed of 1,439 shares on Feb 1, 2026 to satisfy a tax liability (transaction code F). The shares were valued at $37.35 each, for a total of $53,747. This was a withholding to cover taxes rather than an open-market sale.
Key Details
- Transaction date: 2026-02-01; Price per share: $37.35; Total value: $53,747.
- Shares withheld/disposed: 1,439.
- Filing date (Form 4): 2026-02-03 — appears to be filed timely.
- Shares owned after transaction: not specified in the provided filing.
- Transaction code F indicates payment of exercise price or tax liability (i.e., shares withheld to satisfy taxes).
Context
- This was a tax-withholding disposition typically associated with option exercises or restricted share vesting (a common administrative step). It is not an open-market sale and therefore usually not a directional signal about the insider’s view of the company. Purchases or open-market sales are generally more informative for investor sentiment.