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  4. [Form 4] AGILYSYS INC Insider Trading Activity

Agilysys (AGYS) director awarded 1,424 Restricted Stock Units as equity pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KEATING MELVIN L reported acquisition or exercise transactions in this Form 4 filing.

Agilysys Inc. director Melvin L. Keating reported a compensation-related equity grant. He was awarded 1,424 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Agilysys common stock. The RSUs were granted under the Agilysys, Inc. 2024 Equity Incentive Plan and will vest on May 27, 2027, if vesting conditions are met.

Positive

  • None.

Negative

  • None.
Insider KEATING MELVIN L
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,424 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,424 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units granted under the Agilysys, Inc. 2024 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock of Agilysys, Inc. The restricted stock units vest on May 27, 2027.
RSUs granted 1,424 units Restricted Stock Units awarded to director on May 27, 2026
Underlying shares 1,424 shares Common stock potentially issuable upon RSU vesting
Grant price $0.00 per unit Non-cash equity award under 2024 Equity Incentive Plan
Vesting date May 27, 2027 Date RSUs vest if conditions are satisfied
Restricted Stock Units financial
"Restricted stock units granted under the Agilysys, Inc. 2024 Equity 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.
2024 Equity Incentive Plan financial
"Restricted stock units granted under the Agilysys, Inc. 2024 Equity Incentive Plan."
vest financial
"The restricted stock units vest on May 27, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
KEATING MELVIN L
(Last)(First)(Middle)
C/O AGILYSYS, INC.
3655 BROOKSIDE PARKWAY, SUITE 300
(Street)
ALPHARETTA GEORGIA 30022
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
AGILYSYS INC [ AGYS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/27/2026A1,424 (2) (2)Common Stock1,424$01,424D
Explanation of Responses:
1. Restricted stock units granted under the Agilysys, Inc. 2024 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock of Agilysys, Inc.
2. The restricted stock units vest on May 27, 2027.
/s/ Kyle C. Badger, Attorney-in-Fact05/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AGILYSYS INC (AGYS) report for Melvin L. Keating?

Agilysys reported that director Melvin L. Keating received 1,424 Restricted Stock Units as an equity award. These RSUs are a form of non-cash compensation and each unit can convert into one share of common stock upon vesting.

How many Restricted Stock Units did the AGYS director receive in this Form 4?

The director received 1,424 Restricted Stock Units. Each unit represents a contingent right to one share of Agilysys common stock, granted as part of the company’s 2024 Equity Incentive Plan, rather than through an open-market purchase.

When do Melvin L. Keating’s Agilysys (AGYS) RSUs vest?

The 1,424 Restricted Stock Units vest on May 27, 2027. Vesting means the director gains the right at that date to receive an equivalent number of Agilysys common shares, subject to any applicable plan conditions and continued service requirements.

Was the AGYS director’s Form 4 transaction a stock purchase or a grant?

The transaction was a grant of equity, not a stock purchase. Melvin L. Keating acquired 1,424 Restricted Stock Units at a stated price of $0.00 per unit as part of his director compensation under the 2024 Equity Incentive Plan.

What does each AGYS Restricted Stock Unit represent for the director?

Each Restricted Stock Unit represents a contingent right to receive one share of Agilysys common stock. The director only receives the actual shares if the RSUs vest on May 27, 2027, under the terms of the 2024 Equity Incentive Plan.