Bryan Lourd reports 197,128 IAC shares after deferred-share accrual
Rhea-AI Filing Summary
Bryan Lourd, a director of IAC Inc. (IAC), reported an acquisition of 477 shares of IAC common stock on 09/30/2025 at a purchase price of $34.07 per share. The filing states these 477 shares represent share units accrued under the company’s Non-Employee Director Deferred Compensation Plan. After the reported transaction, Mr. Lourd beneficially owns 197,128 shares in total, comprised of 46,173 shares held directly and 150,955 deferred share units. The Deferred Shares figure was adjusted to reflect the Angi spin-off completed on 03/31/2025. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Positive
- Acquisition of 477 share units under the Non-Employee Director Deferred Compensation Plan indicates alignment of director compensation with shareholder equity
- Total beneficial ownership of 197,128 shares provides clear disclosure of the director's stake
Negative
- None.
Insights
Director acquired deferred-share units; total beneficial ownership equals 197,128 shares.
The report shows the acquisition reflects deferred compensation plan share units rather than an open-market purchase, indicating routine director compensation conversion into equity. The 197,128 total combines direct holdings (46,173) and deferred units (150,955), a distinction that matters for voting and transferability.
This filing documents an internal compensation-related issuance and an adjustment tied to the Angi spin-off on 03/31/2025, which affected the Deferred Shares balance.
Form 4 discloses a Section 16 reportable accrual converted to shares; properly filed.
The transaction is coded as an acquisition on 09/30/2025 and the Form 4 shows signature by an attorney-in-fact on 10/02/2025, satisfying timing and signature disclosure requirements for Section 16 filings. The entry clarifies the acquisition source as the Non-Employee Director Deferred Compensation Plan, not a market trade.
No derivative securities or dispositions are reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 | 477 | $34.07 | $16K |
Footnotes (1)
- Represents share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report. lncludes: (i) 46,173 shares of lAC common stock held directly by the reporting person (personally or through a trust, of which the reporting person is the grantor/sellor, sole trustee and sole beneficiary) and (ii) 150,955 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report (the "Deferred Shares"). On March 31, 2025, IAC completed the spin-off of its ownership in Angi Inc. by means of a special dividend of all of the shares of Class A Common Stock then held by IAC to holders of its common stock and Class B common stock (the "Angi Spin"). The amount of Deferred Shares reported on this Form 4 have been adjusted to reflect the Angi Spin.
