Director Kimberly deBeers receives 5,720 RSUs at ACI Worldwide (NASDAQ: ACIW)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
deBeers Kimberly A. reported acquisition or exercise transactions in this Form 4 filing.
ACI Worldwide director Kimberly A. deBeers received a grant of 5,720 shares of Common Stock as restricted stock units. The award was made at a grant price of $0.00 per share as equity compensation, increasing her direct holdings to 7,295 shares following the transaction.
The footnote explains these restricted stock units were granted under the company’s 2020 Equity and Performance Incentive Plan. The units vest on the earlier of the grant’s anniversary, the day before the next annual stockholders’ meeting, or upon a change in control of the company, linking vesting to tenure or a major corporate event.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
deBeers Kimberly A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,720 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,295 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 5,720 shares
Grant price: $0.00 per share
Shares owned after grant: 7,295 shares
3 metrics
RSU grant size
5,720 shares
Restricted stock units awarded to director on Form 4
Grant price
$0.00 per share
Equity compensation, non-cash award
Shares owned after grant
7,295 shares
Direct holdings following the reported transaction
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 did ACI Worldwide (ACIW) director Kimberly A. deBeers report in this Form 4?
Kimberly A. deBeers reported receiving 5,720 restricted stock units of ACI Worldwide Common Stock as equity compensation. The grant was priced at $0.00 per share and was awarded under the company’s 2020 Equity and Performance Incentive Plan, as amended.
What are the vesting conditions for Kimberly A. deBeers’ ACI Worldwide (ACIW) restricted stock units?
The 5,720 restricted stock units vest on the earlier of the grant’s anniversary, the day immediately before ACI Worldwide’s next annual stockholders’ meeting, or a change in control. These conditions tie vesting to either time-based service or a significant corporate transaction event.
Under which plan were the new ACI Worldwide (ACIW) restricted stock units granted to Kimberly A. deBeers?
The 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, for eligible participants such as directors and other company insiders.
Was Kimberly A. deBeers’ ACI Worldwide (ACIW) equity grant a market purchase or compensation award?
The Form 4 describes the 5,720-share transaction as a grant or award acquisition, not a market purchase. The shares were issued at $0.00 per share as restricted stock units, reflecting compensation under the company’s established equity incentive plan rather than open-market buying.