Form 4: ACI Worldwide Chief Revenue Officer Sells Shares to Cover Tax Obligations
SEC Form 4
Alessandro Silva, Chief Revenue Officer of ACI Worldwide, sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- Alessandro Silva, the Chief Revenue Officer of ACI Worldwide, sold shares of common stock on May 9, 2024, and May 11, 2024, to cover tax obligations.
- On May 9, 2024, 1,200 shares were sold at a price of $36.17.
- On May 11, 2024, 1,240 shares were sold at a price of $35.93.
- These sales were related to the vesting of restricted stock units granted on August 9, 2022, and May 11, 2023.
- Following these transactions, Silva directly owns 68,977 shares of ACI Worldwide common stock.
Sentiment
Score: 6
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, which are neutral in sentiment.
Industry Context
Sales of shares by company executives to cover tax obligations are a common occurrence and generally don't indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 08/09/2022 | Date of grant for restricted stock units, one-twelfth of which vested on May 9, 2024. |
| 05/11/2023 | Date of grant for restricted stock units, one-twelfth of which vested on May 11, 2024. |
| 05/09/2024 | Date of transaction where 1,200 shares were sold. |
| 05/11/2024 | Date of transaction where 1,240 shares were sold. |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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