Fidelity National (NYSE: FIS) director receives 5,485 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hook Lisa reported acquisition or exercise transactions in this Form 4 filing.
Fidelity National Information Services, Inc. (FIS) reported that director Lisa Hook received a grant of 5,485 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of FIS common stock, with no cash paid for the grant.
The RSUs vest in full on June 15, 2027. Hook elected to defer distribution of the vested common shares until the end of her service as a director. Following this award, her reported derivative holdings from this grant total 5,485 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hook Lisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,485 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,485 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of FIS common stock. These restricted stock units vest in full on June 15, 2027. The reporting person elected to defer distribution of the vested common stock until the end of service as a director.
Key Figures
RSUs granted: 5,485 units
Grant price: $0.00 per unit
Underlying shares: 5,485 shares
+2 more
5 metrics
RSUs granted
5,485 units
Restricted stock units awarded to director Lisa Hook
Grant price
$0.00 per unit
Equity award, no cash paid for RSUs
Underlying shares
5,485 shares
FIS common stock underlying granted RSUs
Vesting date
June 15, 2027
All granted RSUs vest in full on this date
Post-transaction RSUs
5,485 units
Total RSUs held from this award after transaction
Key Terms
Restricted Stock Units, contingent right, vest, defer distribution
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of FIS common stock."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of FIS common stock."
vest financial
"These restricted stock units vest in full on June 15, 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.
defer distribution financial
"The reporting person elected to defer distribution of the vested common stock until the end of service as a director."
FAQ
What insider transaction did FIS director Lisa Hook report on this Form 4 for FIS?
Lisa Hook reported receiving a grant of 5,485 restricted stock units in Fidelity National Information Services. These RSUs are a stock-based compensation award, not an open-market purchase or sale, and give her the right to receive FIS common shares in the future if they vest.
How many restricted stock units did Lisa Hook receive from Fidelity National Information Services (FIS)?
Lisa Hook received 5,485 restricted stock units from Fidelity National Information Services. Each RSU represents a contingent right to one share of FIS common stock, providing equity-based compensation that aligns the director’s interests with shareholders over the vesting period and service term.
When do Lisa Hook’s FIS restricted stock units reported in this Form 4 vest?
The restricted stock units granted to Lisa Hook vest in full on June 15, 2027. Vesting means the award becomes earned, after which she becomes entitled to receive FIS common shares, subject to her separate decision to defer actual share distribution until leaving the board.
What does each restricted stock unit granted to Lisa Hook by FIS represent?
Each restricted stock unit granted to Lisa Hook represents a contingent right to receive one share of FIS common stock. The right becomes effective upon vesting, turning the RSUs into actual share entitlements, which are then settled in stock based on the company’s deferred distribution terms.
How many FIS restricted stock units does Lisa Hook hold after this reported grant?
After this reported grant, Lisa Hook holds 5,485 restricted stock units from this award. The Form 4 shows these RSUs as derivative securities, with the same number of underlying FIS common shares potentially issuable if the units vest and are ultimately distributed as stock.