Agilysys (AGYS) director exercises 973 restricted stock units into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agilysys director Michael A. Kaufman exercised restricted stock units into common shares. On May 22, 2026, he converted 973 restricted stock units into 973 shares of Agilysys common stock at a stated conversion price of $79.84 per share. After these transactions, he directly holds 11,521 shares of common stock and 973 restricted stock units, reflecting a compensation-related increase in his direct equity position without any reported open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
973 shares exercised/converted
Mixed
2 txns
Insider
Kaufman Michael A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 973 | $0.00 | -- |
| Exercise | Common Stock | 973 | $79.84 | $78K |
Holdings After Transaction:
Restricted Stock Units — 973 shares (Direct, null);
Common Stock — 11,521 shares (Direct, null)
Footnotes (1)
Key Figures
RSUs exercised: 973 units
Shares acquired via conversion: 973 shares
Conversion price: $79.84 per share
+2 more
5 metrics
RSUs exercised
973 units
Restricted Stock Units converted on May 22, 2026
Shares acquired via conversion
973 shares
Common stock received from RSU exercise
Conversion price
$79.84 per share
Stated conversion/exercise price for RSUs
Common shares held after
11,521 shares
Direct Agilysys common stock holdings post-transaction
RSUs held after
973 units
Direct restricted stock unit holdings post-transaction
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, derivative security, Form 4
4 terms
Restricted Stock Units financial
"The security title for the derivative transaction is Restricted Stock Units."
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.
Exercise or conversion of derivative security financial
"The transaction code description states Exercise or conversion of derivative security."
derivative security financial
"The transaction code description refers to an Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 financial
"INSIDER FILING DATA (Form 4) describes this insider transaction report."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Agilysys (AGYS) director Michael A. Kaufman report in this Form 4?
Director Michael A. Kaufman reported exercising derivative securities. He converted 973 restricted stock units into 973 shares of Agilysys common stock, increasing his directly held share count as part of equity compensation rather than through an open-market stock purchase.
What was the conversion price for Michael A. Kaufman’s Agilysys restricted stock units?
The restricted stock units converted at a stated price of $79.84 per share. This price represents the conversion or exercise value used for the 973 units that became 973 shares of Agilysys common stock on the transaction date.