Form 4: ACI Worldwide CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
ACI Worldwide's CFO, Scott W Behrens, sold 2,118 shares of common stock on August 11, 2024, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On August 11, 2024, Scott W Behrens, the Chief Financial Officer of ACI Worldwide, Inc. (ACIW), sold 2,118 shares of the company's common stock.
- The sale was executed at a price of $46.59 per share.
- This transaction was conducted to cover the tax liability resulting from 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 459,194 shares of ACI Worldwide.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (stock sale for tax purposes) by a company executive. It's neither particularly positive nor negative for the company's outlook.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's value, although this particular sale appears to be primarily for tax obligation purposes.
Key Dates
| Date | Description |
|---|---|
| 05/11/2023 | Date of grant of restricted stock units, one-twelfth of which vested. |
| 08/11/2024 | Date of stock sale by Scott W Behrens to cover tax liability. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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.