Form 4: ACI Worldwide CFO Sells Shares to Cover Tax Obligations

ACI Worldwide's Chief Financial Officer, Scott W. Behrens, sold 1,793 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Scott W. Behrens, the Chief Financial Officer of ACI Worldwide, Inc., sold 1,793 shares of common stock on December 4, 2024.
• The sale was executed at a price of $56.43 per share.
• This transaction was to cover the tax liability associated with the vesting of 4,044 restricted stock units granted on March 4, 2024.
• Following the transaction, Mr. Behrens directly owns 453,496 shares of ACI Worldwide common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax liabilities are a common practice across publicly traded companies.
• The number of shares sold and the timing of the sale are typical for this type of transaction.
• Similar transactions can be observed in other technology and financial services companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

ACI Worldwide, Scott W. Behrens, CFO, stock sale, insider trading, restricted stock units, tax liability