ACI Worldwide (NASDAQ: ACIW) CEO granted 85,546 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warsop Thomas W III reported acquisition or exercise transactions in this Form 4 filing.
ACI Worldwide, Inc. reported that Director, President and CEO Thomas W. Warsop III received a grant of 85,546 shares of Common Stock in the form of restricted share units. These RSUs were awarded under the company's 2020 Equity and Performance Incentive Plan and carry no purchase price.
The restricted share units vest in equal annual installments over a three-year period, meaning the award is designed to retain and incentivize the CEO over multiple years. Following this grant, Warsop directly holds 383,871 shares of ACI Worldwide common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Warsop Thomas W III
Role
Director, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 85,546 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 383,871 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did ACIW CEO Thomas W. Warsop III report?
Thomas W. Warsop III reported receiving 85,546 restricted share units of ACI Worldwide common stock as a compensation award. The grant was made at no purchase price under the company’s 2020 Equity and Performance Incentive Plan and is structured to vest over several years.
What type of equity award did ACIW grant to its CEO in this filing?
ACI Worldwide granted its CEO restricted share units representing 85,546 shares of common stock. These units are a form of stock-based compensation issued at no cash cost to the executive and are governed by the company’s 2020 Equity and Performance Incentive Plan, as amended.
Was the ACIW CEO’s Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market purchase or sale. It reflects a grant or award of 85,546 restricted share units at a price of $0.0000 per share, representing stock-based compensation rather than a voluntary market trade by the CEO.