[Form 4] Henry (Jack) & Associates Insider Trading Activity
Rhea-AI Filing Summary
Jack Henry & Associates (JKHY) CFO & Treasurer Mimi Carsley filed a Form 4 covering several equity events on 08/04/2025.
- Exercises: 608 and 1,462 previously granted restricted stock units (RSUs) were converted to common stock (Code M), delivering 2,070 shares.
- Withhold-for-tax: 197 and 473 shares were disposed at $167.28 per share (Code F) to satisfy tax obligations.
- Net change: Direct common-stock ownership rose to 4,243 shares, an increase of roughly 1,389 shares (+49%).
- Derivative holdings: After settling 1,202 vested RSUs, Carsley still holds 5,253 newly granted RSUs vesting equally on 08/04/2026-2028, plus 2,924 unvested RSUs from prior grants.
The transactions were non-open-market and appear to be under a 10b5-1 plan, indicating routine compensation management rather than discretionary buying or selling. Overall, the filing shows a modest increase in insider alignment without a strong directional signal for outside investors.
Positive
- Net share accumulation: Direct ownership increased by about 1,389 shares (+49%), showing deeper insider stake.
- New 5,253-unit RSU grant: Extends incentive horizon to 2028, aligning CFO interests with long-term shareholder value.
Negative
- Tax-related disposals: 670 shares were withheld/sold at $167.28, slightly offsetting the gross acquisition, though routine and non-signal.
Insights
TL;DR CFO net adds ~1.4k JKHY shares; new 5.3k-unit RSU grant signals continued equity alignment, impact modest.
The filing reflects standard compensation mechanics: RSU vesting, exercise, and shares withheld for taxes. Net direct ownership grew nearly 50% to 4,243 shares, a positive but small absolute stake for a company of JKHY’s size. The simultaneous grant of 5,253 RSUs extends equity incentives through 2028, aligning management interests with shareholders. Because sales were automatic for tax and purchases were conversions, market-sentiment impact is limited; I rate the news neutral-to-slightly positive for governance, with negligible valuation effect.
TL;DR Routine Form 4: increased insider ownership, long-dated vesting; no red flags, minor positive governance signal.
Carsley’s election to defer settlement on 1,202 fully vested RSUs into the deferred-comp plan demonstrates tax-efficient planning and further aligns her pay with company performance. The absence of discretionary open-market selling suggests confidence or at least no bearish stance. Grant size is consistent with peer CFO equity packages. I view the action as governance-friendly yet not materially impactful to investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 608 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,462 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,202 | $0.00 | -- |
| Grant/Award | Vested Restricted Stock Units | 1,202 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,253 | $0.00 | -- |
| Exercise | Common Stock | 608 | $0.00 | -- |
| Tax Withholding | Common Stock | 197 | $167.28 | $33K |
| Exercise | Common Stock | 1,462 | $0.00 | -- |
| Tax Withholding | Common Stock | 473 | $167.28 | $79K |
Footnotes (1)
- Each restricted stock unit is the economic equivalent of one share of JKHY common stock and represents a contingent right to receive one share of JKHY common stock or, at the Issuer's option, the cash value thereof. On August 4, 2022, the reporting person was granted restricted stock units, vesting in three equal annual installments on August 4, 2023, 2024 and 2025. On August 4, 2024 the reporting person was granted restricted stock units, vesting in three equal annual installments on August 4, 2025, 2026 and 2027. On August 4, 2023, the reporting person was granted restricted stock units, vesting in three equal annual installments on August 4, 2024, 2025 and 2026. The reporting person has elected to defer settlement of 1,202 restricted stock units, which have fully vested and will become payable, in cash or common stock, at the Issuer's option, upon the reporting person's termination of employment or on specified future dates, pursuant to the reporting person's elections under the Issuer's Deferred Compensation Plan. Each vested restricted stock unit is the economic equivalent of one share of JKHY common stock. On August 4, 2025 the reporting person was granted restricted stock units, vesting in three equal annual installments on August 4, 2026, 2027 and 2028.
