LOFTEN GINA 4
Research Summary
AI-generated summary
TTEC (TTEC) Director Gina Loften Receives RSU Vesting and New RSU Grant
What Happened
- Gina Loften, a director of TTEC Holdings, had 36,965 time‑based RSUs vest on May 21, 2026, which converted to 36,965 shares (acquired at $0.00). On the same date she was granted 70,896 additional time‑based RSUs (recorded as a derivative award, $0.00).
- These transactions are awards/vesting events (not open‑market purchases or sales), so they reflect compensation and equity grants rather than a buy or sell decision.
Key Details
- Transaction date: May 21, 2026. Filing date (Form 4): May 26, 2026 (filed one business day late vs. the typical 2‑business‑day requirement).
- Prices: $0.00 per share for both the vested RSUs (conversion) and the new RSU grant.
- Share counts: 36,965 shares converted from vested RSUs; 70,896 RSUs newly granted (these are derivative awards).
- Shares owned after the transaction: not disclosed in the provided summary of the filing.
- Footnotes:
- F1: The 36,965 RSUs were originally granted May 23, 2025 and vested in full on May 21, 2026 per the RSU agreement.
- F2: The 70,896 RSUs were granted May 21, 2026 and vest in full on the earlier of (i) the first anniversary of grant, (ii) the next annual meeting, or (iii) a change‑in‑control.
- Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs); A = grant/award of RSUs.
Context
- RSUs are compensation awards that convert into shares when they vest; these events are common for directors and executives and do not by themselves indicate buying or selling intent.
- No immediate sale of shares was reported — the vested RSUs were converted to shares and retained (as reported), and the new RSUs will vest in the future per the agreement.
- The filing was submitted after the usual 2‑business‑day window, which delays public disclosure but does not by itself indicate misconduct.