Form 4: ACI Worldwide CTO Sells Shares for Tax Obligation

ACI Worldwide's Chief Technology Officer, Abraham Kuruvilla, disposed of 7,729 shares of common stock to cover tax liabilities related to RSU vesting.

Summary

• Abraham Kuruvilla, Chief Technology Officer of ACI Worldwide, Inc. (ACIW), reported a disposition of common stock.
• The transaction occurred on November 29, 2025, involving 7,729 shares.
• The shares were disposed of at a price of $46.86 per share.
• The purpose of the disposition was to pay the tax liability due upon the vesting of 19,644 restricted stock units (RSUs).
• These 19,644 shares represent one-third of the total restricted stock units granted on November 29, 2023.
• Following this transaction, Abraham Kuruvilla beneficially owns 89,168 shares of ACI Worldwide common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax purposes upon RSU vesting, which is a neutral event and does not indicate a change in company fundamentals or management's outlook.

Industry Context

This filing details a routine insider transaction related to executive compensation and personal tax obligations, which is a common occurrence across all industries for executives receiving equity-based awards.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine tax-related transaction by an insider, not a discretionary sale indicating a change in confidence or company performance.

Key Dates

Keywords

ACI Worldwide, ACIW, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, Tax Liability, Executive Compensation, Chief Technology Officer