World Acceptance (WRLD) interim CEO loses 6,503 shares on termination
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORLD ACCEPTANCE CORP interim President and CEO Janet Lewis Matricciani reported a forfeiture of restricted stock under a compensation award. She disposed of 6,503 shares of common stock at $0.00 per share when her employment ended, in line with the award’s terms. After this automatic forfeiture, she directly holds 328 common shares, indicating a much smaller remaining equity position. The transaction was coded as an “other acquisition or disposition,” reflecting a non-market, compensation-related adjustment rather than a buy or sell in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Matricciani Janet Lewis
Role
Interim President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | COMMON STOCK, NO PAR VALUE | 6,503 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK, NO PAR VALUE — 328 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares forfeited: 6,503 shares
Forfeiture price: $0.00 per share
Shares held after transaction: 328 shares
+1 more
4 metrics
Shares forfeited
6,503 shares
Unvested restricted stock canceled on employment termination
Forfeiture price
$0.00 per share
Price reported for disposition of restricted stock
Shares held after transaction
328 shares
Direct common stock holdings following forfeiture
Restricted stock grant date
April 16, 2026
Grant date of unvested restricted shares that were forfeited
Key Terms
restricted stock, forfeiture, termination of employment, award agreement, +1 more
5 terms
restricted stock financial
"The reported disposition reflects the forfeiture of unvested restricted stock granted on April 16, 2026."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
forfeiture financial
"The reported disposition reflects the forfeiture of unvested restricted stock granted on April 16, 2026."
termination of employment financial
"The shares were forfeited upon Ms. Matricciani's termination of employment in accordance with the terms of the award agreement."
award agreement financial
"The shares were forfeited upon Ms. Matricciani's termination of employment in accordance with the terms of the award agreement."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
Other acquisition or disposition financial
"transaction_code_description: Other acquisition or disposition"
FAQ
What insider transaction did WORLD ACCEPTANCE CORP (WRLD) report for Janet Lewis Matricciani?
WORLD ACCEPTANCE CORP reported a forfeiture of restricted stock for interim President and CEO Janet Lewis Matricciani. She disposed of 6,503 common shares at $0.00 per share, reflecting cancellation of unvested awards tied to her employment, not an open-market sale.
Was the WORLD ACCEPTANCE CORP (WRLD) insider transaction a market sale or purchase?
The transaction was not a market sale or purchase. It was an automatic forfeiture of 6,503 unvested restricted shares at $0.00 per share, triggered by the interim CEO’s termination of employment under the existing award agreement, with no open-market trading involved.
What does the Form 4 footnote reveal about the WRLD restricted stock forfeiture?
The footnote explains the shares were forfeited upon termination of employment. It states the 6,503 unvested restricted shares granted on April 16, 2026 were canceled in accordance with the award agreement’s terms when Janet Lewis Matricciani’s employment ended.