Form 4: ACI Worldwide CFO Scott Behrens Reports Stock Transactions
SEC Form 4 Filing
ACI Worldwide's CFO, Scott Behrens, reports the acquisition and disposal of company stock related to performance shares vesting and tax obligations.
Summary
- On April 15, 2025, Scott W. Behrens, the Chief Financial Officer of ACI Worldwide, Inc., reported transactions involving the company's common stock.
- Behrens acquired 60,480 shares of common stock at $0.00 related to performance shares earned upon achieving certain performance objectives between March 1, 2022, and February 28, 2025.
- He also disposed of 27,046 shares at a price of $52.22 to cover the tax liability resulting from the vesting of these performance shares.
- Following these transactions, Behrens beneficially owns 539,406 shares of ACI Worldwide common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects compensation practices involving performance-based equity awards, common in the industry to align management interests with shareholder value.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Start date of the performance period for the performance shares. |
| February 28, 2025 | End date of the performance period for the performance shares. |
| April 15, 2025 | Date of the stock acquisition and disposal transactions. |
| April 17, 2025 | Date of signature for the report. |
Keywords
ACI Worldwide, Scott Behrens, Form 4, Stock Transaction, Performance Shares, CFO, ACIW
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.