ACI Worldwide (ACIW) executive disposes shares to issuer for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACI Worldwide, Inc. executive Erich J. Litch, GM, Payment Software, reported routine dispositions of common stock back to the company. On June 4 and June 6, 2026, he surrendered small blocks of shares to the issuer to pay tax liabilities tied to vesting restricted stock units. These are issuer dispositions, not open-market sales. After the transactions, Litch directly held 38,756 shares of ACI Worldwide common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Litch Erich J
Role
GM, Payment Software
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,003 | $42.80 | $43K |
| Disposition | Common Stock | 133 | $42.36 | $6K |
| Disposition | Common Stock | 654 | $42.36 | $28K |
Holdings After Transaction:
Common Stock — 38,756 shares (Direct, null)
Footnotes (1)
- 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 March 4, 2024 December 4, 2024 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 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 2026-06-06: 1,003 shares at $42.80
Shares surrendered on 2026-06-04: 654 shares at $42.36
Additional shares surrendered 2026-06-04: 133 shares at $42.36
+2 more
5 metrics
Shares surrendered on 2026-06-06
1,003 shares at $42.80
Disposition to issuer to cover RSU tax liability
Shares surrendered on 2026-06-04
654 shares at $42.36
Disposition to issuer to cover RSU tax liability
Additional shares surrendered 2026-06-04
133 shares at $42.36
Disposition to issuer to cover RSU tax liability
Post-transaction holdings
38,756 shares
Directly held ACI Worldwide common stock after dispositions
RSUs vesting amount example
1,959 shares
One twelfth of restricted stock units granted March 6, 2026
Key Terms
Disposition to issuer, restricted stock units, tax liability, non-derivative, +1 more
5 terms
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
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
"Represents shares surrendered by the reporting person to pay the tax liability due upon the vesting"
non-derivative financial
"transaction_type: non-derivative"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did ACIW executive Erich J. Litch report?
Erich J. Litch reported dispositions of ACI Worldwide common stock back to the issuer. The shares were surrendered to cover tax liabilities arising from vesting restricted stock units, making these routine compensation-related events rather than open-market stock sales.
Were Erich J. Litch’s ACIW transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 codes them as dispositions to the issuer, and footnotes state the shares were surrendered to pay tax liabilities on vesting restricted stock units, a common administrative mechanism for equity compensation.
What equity awards are referenced in Erich J. Litch’s ACIW Form 4 footnotes?
The footnotes reference restricted stock units that vested in installments. They note vesting of 277, 1,358, and 1,959 shares, each described as one twelfth of larger restricted stock unit grants awarded in March 2024, March 2025, and March 2026, respectively.