Agilysys CEO equity grant corrected to 7,570
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Form Type
4/A
Rhea-AI Filing Summary
Agilysys, Inc. President & CEO Ramesh Srinivasan received an award of 7,570 shares of common stock at $0.00 per share, classified as a grant under the Agilysys, Inc. 2024 Equity Incentive Plan upon attainment of performance goals for the fiscal year ended March 31, 2026.
This Form 4/A amends an earlier filing to correct the number of shares acquired, which had been inadvertently reported as 8,607. Following the correction, Srinivasan is shown as directly owning 807,454 shares of common stock, with an additional 60,000 shares held indirectly through the Ramesh and Sujatha Srinivasan Living Trust.
Insider Trade Summary
Grant/Award: 7,570 shares
Grant/Award
2 txns
Insider
SRINIVASAN RAMESH
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,570 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 807,454 shares (Direct);
Common Stock — 60,000 shares (Indirect, By Ramesh and Sujatha Srinivasan Living Trust)
Footnotes (2)
- F1. Shares granted under the Agilysys, Inc. 2024 Equity Incentive Plan upon the attainment of certain performance goals for the fiscal year ended March 31, 2026.
- F2. This Form 4/A is being filed solely to correct the number of shares acquired in the transaction reported on May 28, 2026, which was inadvertently stated as 8,607 instead of 7,570. The total number of securities beneficially owned following the transaction has been updated accordingly.
Key Figures
Equity grant size: 7,570 shares
Grant price: $0.00 per share
Direct holdings after grant: 807,454 shares
+3 more
6 metrics
Equity grant size
7,570 shares
Common Stock grant under 2024 Equity Incentive Plan
Grant price
$0.00 per share
Price for 7,570-share award
Direct holdings after grant
807,454 shares
Common Stock directly owned after correction
Indirect holdings
60,000 shares
Held by Ramesh and Sujatha Srinivasan Living Trust
Incorrect prior grant figure
8,607 shares
Originally reported, later corrected to 7,570
Performance period end
March 31, 2026
Fiscal year for performance goals tied to grant
Key Terms
Agilysys, Inc. 2024 Equity Incentive Plan, performance goals, beneficially owned, Form 4/A, +1 more
5 terms
Agilysys, Inc. 2024 Equity Incentive Plan financial
"Shares granted under the Agilysys, Inc. 2024 Equity Incentive Plan upon the attainment..."
performance goals financial
"upon the attainment of certain performance goals for the fiscal year ended March 31, 2026"
Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.
beneficially owned financial
"The total number of securities beneficially owned following the transaction has been updated accordingly"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 4/A regulatory
"This Form 4/A is being filed solely to correct the number of shares acquired"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AGILYSYS INC (AGYS) report for CEO Ramesh Srinivasan?
Agilysys reported an equity award to its CEO. Ramesh Srinivasan was granted 7,570 shares of common stock at $0.00 per share as a performance-based award under the 2024 Equity Incentive Plan for the fiscal year ended March 31, 2026.
Why was this AGILYSYS INC (AGYS) Form 4/A amendment filed?
The amendment corrects a share-count error. A prior Form 4 had mistakenly reported the grant as 8,607 shares. This Form 4/A updates the figure to 7,570 shares and adjusts the total beneficial ownership accordingly.
What performance period is tied to the AGILYSYS INC (AGYS) CEO equity award?
The award relates to a specific fiscal year. Footnotes state the 7,570-share grant was earned upon attainment of performance goals for Agilysys’s fiscal year ended March 31, 2026, under the 2024 Equity Incentive Plan.
How are indirect AGILYSYS INC (AGYS) holdings reported for the CEO?
Some CEO holdings are reported as indirect. The filing shows 60,000 common shares held indirectly through the Ramesh and Sujatha Srinivasan Living Trust, in addition to his directly owned 807,454 shares after the grant correction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
