Form 4: ACI Worldwide CFO Sells Shares to Cover Tax Obligations
SEC Form 4
ACI Worldwide's CFO, Scott W Behrens, sold 2,210 shares of common stock on February 11, 2025, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On February 11, 2025, Scott W Behrens, the Chief Financial Officer of ACI Worldwide, Inc., disposed of 2,210 shares of common stock.
- The transaction was executed at a price of $52.31 per share.
- This sale was to cover the tax liability incurred upon the vesting of 4,661 restricted stock units on May 11, 2023, representing one-twelfth of the total grant.
- Following the transaction, Behrens directly owns 485,025 shares of ACI Worldwide, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the context of these sales, such as the executive's overall holdings and the company's performance.
Stakeholder Impact
- The sale of shares by a high-ranking officer could be perceived negatively by shareholders, but the reason for the sale (tax obligations) mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 11, 2023 | Date of grant of restricted stock units, one-twelfth of which vested. |
| February 11, 2025 | Date of stock sale to cover tax liability. |
| February 14, 2025 | Date of signature on the Form 4 filing. |
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