ACI Worldwide (ACIW) director gets 5,720 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCALLUM KATRINKA reported acquisition or exercise transactions in this Form 4 filing.
ACI Worldwide director receives equity award. Director Katrinka McCallum was granted 5,720 shares of ACI Worldwide common stock as restricted stock units. These units were awarded under the company’s 2020 Equity and Performance Incentive Plan and increase her direct holdings to 20,201 shares.
The restricted shares vest on the earlier of the grant’s one-year anniversary, the day immediately before the company’s next annual stockholder meeting, or a change in control of the company. This is a compensation-related, non-cash equity grant rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCALLUM KATRINKA
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,720 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,201 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 5,720 shares
Shares held after transaction: 20,201 shares
Grant price per share: $0.00 per share
3 metrics
Restricted stock units granted
5,720 shares
Award of common stock RSUs to director on 2026-06-02
Shares held after transaction
20,201 shares
Total direct common stock holdings following grant
Grant price per share
$0.00 per share
Reported transaction price for RSU award
Key Terms
restricted stock units, 2020 Equity and Performance Incentive Plan, annual meeting of the stockholders, change in control
4 terms
restricted stock units financial
"Represents shares of restricted stock units awarded pursuant to the Company's 2020 Equity and Performance Incentive Plan"
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.
2020 Equity and Performance Incentive Plan financial
"awarded pursuant to the Company's 2020 Equity and Performance Incentive Plan, as amended"
annual meeting of the stockholders financial
"the day immediately prior to the date of the Company's next annual meeting of the stockholders"
change in control financial
"the day immediately prior to the date of the Company's next annual meeting of the stockholders, or (iii) a change in control of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did ACI Worldwide (ACIW) director Katrinka McCallum report on this Form 4?
Director Katrinka McCallum reported receiving 5,720 ACI Worldwide common shares as restricted stock units. The award was granted at no cash cost under the 2020 Equity and Performance Incentive Plan, increasing her direct holdings to 20,201 shares after the transaction.
Is the ACI Worldwide (ACIW) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not an open-market purchase. McCallum received 5,720 restricted stock units at a reported price of $0.00 per share under ACI Worldwide’s 2020 Equity and Performance Incentive Plan, reflecting a non-cash equity award to a director.
When do Katrinka McCallum’s 5,720 ACI Worldwide (ACIW) restricted stock units vest?
The 5,720 restricted stock units vest on the earliest of three events: the first anniversary of the grant date, the day immediately before ACI Worldwide’s next annual stockholder meeting, or upon a change in control of the company, according to the award’s footnote disclosure.
Under which plan were the 5,720 ACI Worldwide (ACIW) restricted stock units granted?
The 5,720 restricted stock units were granted under ACI Worldwide’s 2020 Equity and Performance Incentive Plan, as amended. This plan governs equity-based compensation awards, including restricted stock units, to company directors and other participants, subject to vesting terms and conditions described in the plan.