TTEC President John Abou Receives RSUs; Withholds Shares for Taxes

What Happened

John P. Abou, President of TTEC Engage at TTEC Holdings (TTEC), had 19,481 restricted stock units (RSUs) convert to common shares on July 17, 2026 (reported as exercise/conversion of a derivative at $0.00). To satisfy tax withholding obligations tied to the vesting, 7,023 shares were withheld at an effective value of $2.16 per share, totaling $15,170. Net shares delivered to Abou from this vesting were 12,458 (19,481 vested less 7,023 withheld). This was a compensation-related vesting event (not an open-market sale or purchase).

Key Details

• Transaction date: July 17, 2026 (Form filed July 20, 2026).
• Vesting/conversion: 19,481 shares at $0.00 (derivative conversion / RSU vesting).
• Tax withholding: 7,023 shares withheld at $2.16 = $15,170 (code F). No shares were sold in the open market.
• Net shares received: 12,458.
• Footnotes:
  • F1: These RSUs are from an initial grant of 97,403 time‑based RSUs on July 17, 2024 that vest in ~20% annual installments beginning July 17, 2025.
  • F2: Withholding of shares solely to satisfy tax obligations; no open‑market sale.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form filed 3 days after the July 17 transaction (file date July 20); the filing does not state a tardiness designation.

Context

This is a routine compensation vesting (RSU conversion) with share withholding to cover taxes — a common cashless-like arrangement that does not reflect an open-market sale. For retail investors, such vesting events are normal and primarily administrative; they do not directly signal management buying or selling based on company outlook.