Fidelity National (NYSE: FIS) officer granted 39,246 RSUs with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fidelity National Information Services (FIS) officer Firdaus Bhathena reported multiple equity transactions on restricted stock units (RSUs) and common stock. Bhathena received a grant of 39,246 RSUs, each representing one share of FIS common stock. On the same date, 17,581 RSUs vested and were converted into common shares. To cover withholding taxes on this vesting, 2,403 and 3,144 common shares were surrendered at a price of $51.05 per share, as indicated by the tax-withholding footnote, rather than sold in an open-market transaction. After these exercises and tax-withholding dispositions, Bhathena directly owned 32,349 shares of FIS common stock, along with remaining RSU holdings reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,581 shares exercised/converted
Mixed
7 txns
Insider
Bhathena Firdaus
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 39,246 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,954 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,627 | $0.00 | -- |
| Exercise | Common Stock | 7,954 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,403 | $51.05 | $123K |
| Exercise | Common Stock | 9,627 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,144 | $51.05 | $161K |
Holdings After Transaction:
Restricted Stock Units — 39,246 shares (Direct);
Common Stock — 28,269 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 did Firdaus Bhathena report in the latest FIS Form 4 filing?
Firdaus Bhathena reported a grant of 39,246 restricted stock units and related vesting events. Some vested RSUs were converted into common shares, and a portion of those shares was withheld to satisfy tax obligations, all as routine equity compensation activity.
How many restricted stock units did Firdaus Bhathena receive from FIS?
Bhathena received 39,246 restricted stock units from Fidelity National Information Services. Each unit represents a contingent right to receive one share of FIS common stock, with the award scheduled to vest in three equal annual installments on each anniversary date of the grant.
How do Firdaus Bhathena’s FIS restricted stock units vest over time?
The restricted stock units vest in three equal annual installments, beginning on each anniversary of the grant date. This means the 39,246-unit award will vest in three tranches, aligning Bhathena’s compensation with multi-year company performance as each installment converts into common stock.
What is the significance of transaction codes A, M, and F in this FIS Form 4?
Code A reflects a grant or award acquisition of RSUs. Code M shows exercises or conversions of RSUs into common stock. Code F indicates shares surrendered to pay tax withholding related to those equity awards, rather than discretionary open-market sales of FIS stock.