Concentrix (NASDAQ: CNXC) director receives 7,701 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marinello Kathryn V reported acquisition or exercise transactions in this Form 4 filing.
Concentrix Corp director Kathryn V. Marinello received an equity grant of 7,701 shares of common stock as restricted stock units. The award was made at no cash price under the 2020 Stock Incentive Plan and vests in full on the earlier of the one-year anniversary of the grant date or the issuer's 2027 Annual Meeting of Stockholders. Following this grant, she directly holds 17,704 shares of Concentrix common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Marinello Kathryn V
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 Kathryn V. Marinello?
Concentrix reported that director Kathryn V. Marinello acquired 7,701 restricted stock units of common stock as an equity award. The Form 4 shows this as a grant at no cash price under the company’s 2020 Stock Incentive Plan.
How many restricted stock units did the Concentrix (CNXC) director receive?
Kathryn V. Marinello received 7,701 restricted stock units of Concentrix common stock. These units were granted as an equity award and recorded with a per-share transaction price of $0.00, reflecting that they are compensation rather than an open-market purchase.
What is the vesting schedule for Kathryn V. Marinello’s Concentrix (CNXC) RSUs?
The 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. This creates a single vesting event tied to either time-based or meeting-based milestones.
Under which plan were the Concentrix (CNXC) restricted stock units granted?
The 7,701 restricted stock units granted to Kathryn V. Marinello were awarded under Concentrix’s 2020 Stock Incentive Plan. This plan provides for equity-based compensation awards, including restricted stock units, to eligible participants such as directors.
Was Kathryn V. Marinello’s Concentrix (CNXC) equity award a market purchase?
No, the Form 4 classifies the transaction as a grant or award, not a market purchase. The reported per-share transaction price is $0.00, indicating she received the 7,701 restricted stock units as compensation rather than buying them in the open market.