Cheng Chih-Kai receives 7,701 Concentrix Corp (CNXC) restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cheng Chih-Kai reported acquisition or exercise transactions in this Form 4 filing.
Concentrix Corp director Cheng Chih-Kai received a grant of 7,701 shares of Common Stock as restricted stock units. These RSUs were awarded at no cash purchase price under the company’s 2020 Stock Incentive Plan and represent his entire reported direct holding after the transaction.
The restricted stock units will vest in full on the earlier of the one-year anniversary of the grant date or the date of Concentrix Corp’s 2027 Annual Meeting of Stockholders. This filing reflects a compensation-related equity award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cheng Chih-Kai
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,701 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,701 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Cheng Chih-Kai report for Concentrix Corp (CNXC)?
Cheng Chih-Kai reported receiving 7,701 shares of Concentrix Corp Common Stock as restricted stock units. The award was granted at no cash purchase price and reflects equity-based compensation, not an open-market buy or sell transaction in CNXC shares.
What type of equity award did Concentrix Corp (CNXC) grant to Cheng Chih-Kai?
Concentrix Corp granted Cheng Chih-Kai restricted stock units representing 7,701 shares of Common Stock under its 2020 Stock Incentive Plan. These RSUs are a stock-based compensation award, not a stock option exercise or market purchase, and carry vesting conditions before settlement.
When do Cheng Chih-Kai’s Concentrix Corp (CNXC) restricted stock units vest?
The restricted stock units granted to Cheng Chih-Kai vest in full on the earlier of the one-year anniversary of the grant date or the date of Concentrix Corp’s 2027 Annual Meeting of Stockholders. Vesting timing therefore depends on whichever of these two corporate milestones occurs first.
Was the Concentrix Corp (CNXC) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 7,701 restricted stock units to Cheng Chih-Kai, not a market purchase or sale. The transaction code is a grant or award, and the price per share is reported as zero, indicating compensation rather than trading activity.