ACI Worldwide (NASDAQ: ACIW) director awarded 5,720 restricted shares under equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zabaneh Samir Michael reported acquisition or exercise transactions in this Form 4 filing.
ACI Worldwide, Inc. director Samir Michael Zabaneh received an award of 5,720 shares of common stock in the form of restricted stock units at no cash cost to him. After this grant, he directly holds 47,302 shares of the company’s common stock.
The award was granted under the company’s 2020 Equity and Performance Incentive Plan. These restricted shares will vest on the earlier of the grant’s one-year anniversary, the day immediately before the company’s next annual meeting of stockholders, or a change in control of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zabaneh Samir Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,720 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 47,302 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock unit grant: 5,720 shares
Post-transaction holdings: 47,302 shares
Grant price per share: $0.0000 per share
3 metrics
Restricted stock unit grant
5,720 shares
Common Stock award to director on grant date
Post-transaction holdings
47,302 shares
Total common shares held directly after grant
Grant price per share
$0.0000 per share
Reported transaction price for the awarded shares
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 ACIW director Samir Michael Zabaneh report?
Director Samir Michael Zabaneh reported receiving 5,720 shares of ACI Worldwide common stock as a restricted stock unit award. The grant was made at no cash cost to him under the company’s 2020 Equity and Performance Incentive Plan.
What type of equity did ACIW grant to director Samir Michael Zabaneh?
ACI Worldwide granted Samir Michael Zabaneh restricted stock units representing 5,720 shares of common stock. These are equity awards that typically vest over time or upon specific events rather than being purchased in the open market.