Concentrix (CNXC) director LaVerne Council receives 7,701-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Concentrix Corp director LaVerne H. Council received an equity award of 7,701 shares of Common Stock in the form of restricted stock units. These RSUs were granted at no cash exercise price and increase her direct holdings to 17,704 shares following the award. The units vest in full on the earlier of the one-year anniversary of the grant date or the company’s 2027 Annual Meeting of Stockholders, aligning director compensation with long-term shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Council LaVerne H
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 insider transaction did Concentrix (CNXC) report for LaVerne H. Council?
Concentrix reported that director LaVerne H. Council received an award of 7,701 restricted stock units of Common Stock. The grant is compensation-related, not an open-market purchase, and increases her direct holdings to 17,704 shares after the transaction.
Is the Concentrix (CNXC) Form 4 transaction a stock purchase or a grant?
The Form 4 transaction is a grant of restricted stock units, not a market purchase. LaVerne H. Council received 7,701 RSUs at no stated price per share as part of equity compensation under the company’s 2020 Stock Incentive Plan.
When do LaVerne H. Council’s Concentrix (CNXC) restricted stock units vest?
The 7,701 restricted stock units 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, providing a time-based incentive tied to continued board service.
Under which plan were the Concentrix (CNXC) restricted stock units granted to LaVerne H. Council?
The 7,701 restricted stock units granted to LaVerne H. Council were awarded under Concentrix’s 2020 Stock Incentive Plan. This plan is used to deliver equity-based compensation, aligning directors’ and executives’ interests with long-term shareholder value.