Concentrix (NASDAQ: CNXC) director receives 7,701-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deason Jennifer reported acquisition or exercise transactions in this Form 4 filing.
Concentrix Corp director Jennifer Deason received an equity award rather than buying shares on the market. She was granted 7,701 shares of common stock in the form of restricted stock units at no cash purchase price, increasing her direct holdings to 17,704 shares.
The restricted stock units were awarded under the 2020 Stock Incentive Plan and will vest in full on the earlier of the one-year anniversary of the grant date or the date of Concentrix’s 2027 Annual Meeting of Stockholders. This is a compensation-related grant, not an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deason Jennifer
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,701 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,704 shares (Direct)
Footnotes (1)
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FAQ
What did Concentrix (CNXC) director Jennifer Deason report in this Form 4?
Jennifer Deason reported receiving 7,701 Concentrix common shares as restricted stock units. The award is a compensation grant under the 2020 Stock Incentive Plan, not a market purchase, and increases her direct ownership to 17,704 shares following the transaction.
Was the Concentrix (CNXC) Form 4 transaction a market buy or sell?
The Form 4 does not disclose a market buy or sell. It reports an “A” code grant, meaning Deason acquired 7,701 restricted stock units as a stock award, with no cash price per share, under the company’s 2020 Stock Incentive Plan.
When do Jennifer Deason’s Concentrix (CNXC) restricted stock units vest?
The restricted stock units vest in full on the earlier of two dates. They vest either on the one-year anniversary of the grant date or on the date of Concentrix’s 2027 Annual Meeting of Stockholders, whichever occurs first, according to the footnote disclosure.
Under which plan were the Concentrix (CNXC) restricted stock units granted?
The restricted stock units were granted under Concentrix’s 2020 Stock Incentive Plan. This plan is used to provide equity-based compensation, and the award to director Jennifer Deason was structured as 7,701 restricted stock units with time-based vesting terms.
What does transaction code “A” mean in this Concentrix (CNXC) Form 4?
In this Form 4, transaction code “A” indicates a grant, award, or other acquisition of securities. Here, it reflects that Jennifer Deason received 7,701 restricted stock units as an equity award, not that she executed an open-market purchase of Concentrix shares.