ACI Worldwide (NASDAQ: ACIW) awards 5,720 restricted stock units to director Harman
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harman Mary P reported acquisition or exercise transactions in this Form 4 filing.
ACI Worldwide, Inc. reported that director Mary P. Harman received a grant of 5,720 shares of common stock in the form of restricted stock units under the company’s 2020 Equity and Performance Incentive Plan. Following this award, she holds 40,108 common shares directly.
The restricted stock units vest on the earlier of the first anniversary of the grant date, the day immediately before the company’s next annual stockholder meeting, or a change in control of the company. This is a compensation-related equity award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harman Mary P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,720 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 40,108 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 5,720 shares
Post-grant holdings: 40,108 shares
Grant price: $0.0000 per share
3 metrics
RSU grant size
5,720 shares
Restricted stock units awarded to director Mary P. Harman
Post-grant holdings
40,108 shares
Total common stock held directly after the transaction
Grant price
$0.0000 per share
Compensation award, 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
"vest on the earlier to occur of ... 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 ACIW director Mary P. Harman report?
Mary P. Harman reported receiving 5,720 shares of ACI Worldwide common stock as restricted stock units. The award is a compensation grant under the company’s 2020 Equity and Performance Incentive Plan, not an open-market share purchase or sale.
When do Mary P. Harman’s new ACIW restricted stock units vest?
The 5,720 restricted stock units vest on the earlier of the grant’s one-year anniversary, the day immediately prior to ACI Worldwide’s next annual stockholder meeting, or a change in control of the company, according to the award’s vesting provisions.
Was the ACIW insider transaction a stock purchase or a grant?
The ACI Worldwide insider transaction was a grant, not a market purchase. Mary P. Harman received 5,720 restricted stock units at no stated purchase price as part of director compensation under the company’s 2020 Equity and Performance Incentive Plan.
Under which plan were Mary P. Harman’s ACIW restricted stock units awarded?
The restricted stock units were awarded under ACI Worldwide’s 2020 Equity and Performance Incentive Plan, as amended. This plan governs equity-based compensation awards such as restricted stock units granted to directors and other eligible participants of the company.