Form 4: ACI Worldwide CEO Thomas Warsop III Sells Shares to Cover Tax Obligations
SEC Form 4
ACI Worldwide's CEO, Thomas W. Warsop III, sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On June 1, 2024, Thomas W. Warsop III, the Director, President, and CEO of ACI Worldwide, Inc., sold 6,117 shares of common stock at a price of $36.01 per share.
- This transaction was executed to cover the tax liability incurred upon the vesting of 20,522 restricted stock units granted on June 1, 2023.
- Following the transaction, Warsop directly owns 266,713 shares of ACI Worldwide, Inc.
- This amount includes 647 shares acquired under the Company's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't convey strong positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's a transaction investors monitor for insight into management's perspective.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Date of grant for restricted stock units, one third of which vested on June 1, 2024. |
| 06/01/2024 | Date of stock sale transaction and vesting of restricted stock units. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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