FIS (NYSE: FIS) accounting officer reports RSU grant and tax share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fidelity National Information Services EVP and Chief Accounting Officer Alexandra Dawn Brooks reported multiple equity transactions. She received a grant of 9,812 restricted stock units, each representing a contingent right to one FIS common share. These units vest in three equal annual installments starting on each anniversary date.
On the same date, 2,406 restricted stock units were converted into 2,406 shares of common stock. To cover withholding taxes related to restricted stock unit vesting, 691 shares of common stock were disposed of at a price of $51.05 per share. After these transactions, she directly held 4,632 shares of common stock and 4,814 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,406 shares exercised/converted
Mixed
4 txns
Insider
Brooks Alexandra Dawn
Role
EVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,812 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,406 | $0.00 | -- |
| Exercise | Common Stock | 2,406 | $0.00 | -- |
| Tax Withholding | Common Stock | 691 | $51.05 | $35K |
Holdings After Transaction:
Restricted Stock Units — 9,812 shares (Direct);
Common Stock — 5,323 shares (Direct)
Footnotes (1)
- Represents shares to satisfy withholding tax obligation for restricted stock unit vesting. Each restricted stock unit represents a contingent right to receive one share of FIS common stock. The restricted stock unit vests in three equal annual installments commencing on each anniversary date.
FAQ
What equity awards did FIS officer Alexandra Dawn Brooks receive in this Form 4?
Alexandra Dawn Brooks received a grant of 9,812 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Fidelity National Information Services common stock, vesting in three equal annual installments beginning on each anniversary of the grant date.
How many FIS restricted stock units vested or were converted in this Form 4 filing for FIS?
The filing shows 2,406 restricted stock units were exercised or converted into 2,406 shares of FIS common stock. This conversion reflects movement from derivative securities to directly held common shares for the reporting executive as part of her equity compensation program.
What are Alexandra Dawn Brooks’ FIS holdings after these Form 4 transactions?
After the reported transactions, Alexandra Dawn Brooks directly held 4,632 shares of FIS common stock and 4,814 restricted stock units. These figures reflect the net result of the RSU grant, RSU conversion into common stock, and shares withheld to cover tax obligations.
How do the restricted stock units granted to the FIS executive vest over time?
The restricted stock units granted to the FIS executive vest in three equal annual installments. Vesting begins on each anniversary of the grant date, meaning one-third of the units becomes deliverable as FIS common stock on each successive anniversary.
What transaction codes were used in the FIS Form 4 for Alexandra Dawn Brooks?
The Form 4 uses code A for the grant or award acquisition of restricted stock units, code M for the exercise or conversion of derivative securities, and code F for shares delivered to satisfy tax withholding related to restricted stock unit vesting.