ACI Worldwide exec surrenders shares for taxes
An ACIW executive surrendered shares back to the company at $52.95 to cover tax withholding on vested restricted stock units.
Rhea-AI Filing Summary
ACI WORLDWIDE, INC. (ACIW) reports that Erich J. Litch, GM, Payment Software, surrendered shares of common stock to the company to cover withholding taxes due on recent restricted stock unit vesting. On September 4, 2026 he surrendered 136 and 667 shares, and on September 6, 2026 he surrendered 963 shares, all valued at $52.95 per share; no Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 1,766 shares
Disposition
3 txns
Insider
Litch Erich J
Role
GM, Payment Software
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F3 | 963 | $52.95 | $51K |
| Disposition | Common Stock F1 | 136 | $52.95 | $7K |
| Disposition | Common Stock F2 | 667 | $52.95 | $35K |
Holdings After Transaction:
Common Stock — 36,990 shares (Direct)
Footnotes (3)
- F1. Represents shares surrendered by the reporting person to pay the tax liability due upon the vesting of 277 shares, representing one twelfth of the restricted stock units granted on December 4, 2024
- F2. Represents shares surrendered by the reporting person to pay the tax liability due upon the vesting of 1,358 shares, representing one twelfth of the restricted stock units granted on March 4, 2025
- F3. Represents shares surrendered by the reporting person to pay the tax liability due upon the vesting of 1,959 shares, representing one twelfth of the restricted stock units granted on March 6, 2026.
Key Figures
Shares surrendered on September 6, 2026: 963 shares
Shares surrendered on September 4, 2026 (first block): 136 shares
Shares surrendered on September 4, 2026 (second block): 667 shares
+4 more
7 metrics
Shares surrendered on September 6, 2026
963 shares
Common stock surrendered to issuer to pay tax liability on RSU vesting
Shares surrendered on September 4, 2026 (first block)
136 shares
Common stock surrendered to issuer to pay tax liability on RSU vesting
Shares surrendered on September 4, 2026 (second block)
667 shares
Common stock surrendered to issuer to pay tax liability on RSU vesting
Per-share value used for tax withholding
$52.95 per share
Applied to each common stock surrender transaction
RSU grant vesting reference (December 4, 2024 grant)
277 shares vested
One twelfth of restricted stock units granted on December 4, 2024
RSU grant vesting reference (March 4, 2025 grant)
1,358 shares vested
One twelfth of restricted stock units granted on March 4, 2025
RSU grant vesting reference (March 6, 2026 grant)
1,959 shares vested
One twelfth of restricted stock units granted on March 6, 2026
Key Terms
restricted stock units, tax liability, vesting
3 terms
restricted stock units financial
"representing one twelfth of the restricted stock units granted on March 6, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"shares surrendered by the reporting person to pay the tax liability due upon the vesting"
vesting financial
"pay the tax liability due upon the vesting of 1,959 shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did ACIW report for Erich J. Litch?
ACI WORLDWIDE reported that Erich J. Litch surrendered three blocks of common stock back to the company on September 4 and 6, 2026 to cover tax liabilities from vested restricted stock units, at a value of $52.95 per share.
Were the ACIW insider transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for these transactions; they are described as share surrenders to satisfy tax liabilities from restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.