Form 4: ACI Worldwide CFO Sells Shares to Cover Tax Obligations
SEC Form 4
ACI Worldwide's CFO, Scott W Behrens, sold 1,838 shares of common stock on June 4, 2024, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On June 4, 2024, Scott W Behrens, the Chief Financial Officer of ACI Worldwide, Inc. (ACIW), sold 1,838 shares of the company's common stock.
- The sale was executed at a price of $34.75 per share.
- This transaction was conducted to cover the tax liability resulting from the vesting of 4,044 restricted stock units on March 4, 2024, representing one-twelfth of the total grant.
- Following the transaction, Behrens directly owns 461,312 shares of ACI Worldwide.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction appears to be a routine sale to cover tax obligations, with no indication of a change in the executive's long-term confidence in the company.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the size of the sale relative to the executive's total holdings and the overall context of the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Grant date of restricted stock units, one-twelfth of which vested. |
| 06/04/2024 | Date of stock sale by Scott W Behrens. |
| 06/06/2024 | Date of signature on the Form 4 filing. |
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