Form 4: ACI Worldwide CFO Scott W. Behrens Sells Shares to Cover Tax Obligations
SEC Form 4
ACI Worldwide's CFO, Scott W. Behrens, disposed of 6,109 shares of common stock on March 1, 2025, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On March 1, 2025, Scott W. Behrens, the Chief Financial Officer of ACI Worldwide, Inc. (ACIW), sold 6,109 shares of the company's common stock.
- The shares were sold at a price of $57.35 per share.
- This transaction was executed to cover the tax liability resulting from the vesting of 13,674 restricted stock units granted on March 1, 2022.
- Following the transaction, Behrens directly owns 478,916 shares of ACI Worldwide.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's overall confidence in the company.
Industry Context
This is a routine transaction where an executive sells shares to cover tax obligations arising from the vesting of stock awards. It's a common practice and doesn't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small percentage of the CFO's holdings and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for the restricted stock units that vested. |
| 03/01/2025 | Date of the stock sale transaction. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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