FIS CEO (NYSE: FIS) receives RSU awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fidelity National Information Services CEO Stephanie Ferris reported multiple equity transactions dated February 28, 2026. She received a grant of 127,060 restricted stock units, each representing a contingent right to one share of FIS common stock, and a separate award of 34,086 shares of common stock.
Performance share units granted on February 28, 2023 vested into shares after time and performance conditions were met for a three-year period ending December 31, 2025, with several derivative exercises converting restricted stock units into common shares. In connection with these vestings, blocks of common shares were withheld at $51.05 per share to satisfy tax withholding obligations rather than sold in open-market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
78,567 shares exercised/converted
Mixed
12 txns
Insider
Ferris Stephanie
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 127,060 | $0.00 | -- |
| Exercise | Restricted Stock Units | 22,093 | $0.00 | -- |
| Exercise | Restricted Stock Units | 25,307 | $0.00 | -- |
| Exercise | Restricted Stock Units | 31,167 | $0.00 | -- |
| Grant/Award | Common Stock | 34,086 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,475 | $51.05 | $535K |
| Exercise | Common Stock | 22,093 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,694 | $51.05 | $444K |
| Exercise | Common Stock | 25,307 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,959 | $51.05 | $508K |
| Exercise | Common Stock | 31,167 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,265 | $51.05 | $626K |
Holdings After Transaction:
Restricted Stock Units — 127,060 shares (Direct);
Common Stock — 224,798 shares (Direct)
Footnotes (1)
- Shares vested on February 28, 2026 upon satisfaction of the time and performance vesting conditions for performance share units granted on February 28, 2023, which shares were earned based on achievement of performance goals for such PSUs for a single three-year performance measurement period ending on December 31, 2025. These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations. These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations. Each restricted stock unit represents a contingent right to receive one share of FIS common stock. These restricted stock units vested in full. The restricted stock unit vests in three equal annual installments commencing on each anniversary date.
FAQ
What equity awards did FIS CEO Stephanie Ferris report on this Form 4?
Stephanie Ferris reported new grants of restricted stock units and common shares. She received 127,060 restricted stock units and 34,086 shares of Fidelity National Information Services common stock, reflecting a mix of long-term incentive awards and equity-based compensation tied to her role as CEO and President.
What do the restricted stock units reported by FIS CEO Stephanie Ferris represent?
Each restricted stock unit represents a contingent right to one FIS share. The filing states that every RSU corresponds to one share of Fidelity National Information Services common stock, subject to vesting conditions such as service-based schedules and, for some awards, achievement of specified performance goals.
How do the restricted stock units granted to the FIS CEO vest over time?
Some restricted stock units vest immediately, while others vest annually. One award of RSUs vested in full, while another vests in three equal annual installments beginning on each anniversary of the grant date, aligning compensation with ongoing service and long-term performance at Fidelity National Information Services.