ACI Worldwide (NASDAQ: ACIW) director receives 5,720 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ford Todd R reported acquisition or exercise transactions in this Form 4 filing.
ACI Worldwide director Todd R. Ford received an equity grant of 5,720 shares of common stock in the form of restricted stock units. These were awarded under the company’s 2020 Equity and Performance Incentive Plan at no cash cost per share. Following the grant, Ford directly holds 8,950 common shares. The restricted stock units vest on the earlier of the grant’s one-year anniversary, the day immediately before the next annual stockholder meeting, or a change in control of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ford Todd R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,720 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,950 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock unit grant: 5,720 shares
Post-grant holdings: 8,950 shares
Grant price per share: $0.0000 per share
3 metrics
Restricted stock unit grant
5,720 shares
Award of common stock restricted stock units to Todd R. Ford
Post-grant holdings
8,950 shares
Total common shares directly held after grant
Grant price per share
$0.0000 per share
Equity compensation, not an open-market purchase
Key Terms
restricted stock units, 2020 Equity and Performance Incentive Plan, change in control
3 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"
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 insider transaction did Todd R. Ford report at ACIW?
Todd R. Ford reported receiving 5,720 shares of ACI Worldwide common stock as restricted stock units. The grant was made under the 2020 Equity and Performance Incentive Plan and represents a compensation-related award, not an open-market share purchase or sale.
What are the vesting terms of Todd R. Ford’s 5,720 ACIW restricted stock units?
The 5,720 restricted stock units vest on the earliest of three events: the first anniversary of the grant date, the day immediately prior to ACI Worldwide’s next annual meeting of stockholders, or a change in control of the company, as defined in the plan.
Under which plan were Todd R. Ford’s ACIW restricted stock units granted?
The restricted stock units were granted under ACI Worldwide’s 2020 Equity and Performance Incentive Plan, as amended. This plan governs the terms of equity awards, including vesting conditions and how grants like these are structured for directors and other participants.