Form 4: ACI Worldwide Director Adalio T Sanchez Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Adalio T Sanchez reports transactions involving ACI Worldwide stock related to grantor retained annuity trusts (GRATs).
Summary
- On September 13, 2024, ACI Worldwide Director Adalio T Sanchez reported changes in beneficial ownership of the company's stock.
- 14,939 shares were transferred from a grantor retained annuity trust (GRAT #3) to a trust where Mr. Sanchez's spouse is the trustee and his child is the beneficiary.
- An additional 15,147 shares were distributed from GRAT #3 to Mr. Sanchez.
- GRAT #3, dated September 9, 2022, has now terminated.
- 11,137 shares were also distributed from a separate GRAT (GRAT #4), dated September 12, 2023, to Mr. Sanchez.
- Following these transactions, Mr. Sanchez directly owns 44,472 shares and indirectly owns 16,731 shares through a trust, as well as 35,999 shares through GRAT #4.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to estate planning. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and estate planning, and doesn't necessarily reflect a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 09/09/2022 | Date of GRAT #3 |
| 09/12/2023 | Date of GRAT #4 |
| 09/13/2024 | Date of the transactions reported |
| 09/17/2024 | Date of signature on the Form 4 |
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