Form 4: ACI Worldwide Director Juan Benitez II Reports Stock Award and Disposal
SEC Form 4
Director Juan Benitez II reports acquisition of restricted stock units and disposal of common stock in ACI Worldwide, Inc.
Summary
- On June 4, 2024, Juan Benitez II, a director of ACI Worldwide, Inc., reported transactions involving the company's stock.
- Benitez acquired 7,194 shares of common stock through restricted stock units awarded under the company's 2020 Equity and Performance Incentive Plan.
- These restricted shares vest on the earlier of the grant anniversary, the day before the next annual meeting, or a change in control of the company.
- On the same day, Benitez disposed of 9,138 shares of common stock.
- Following these transactions, Benitez directly owns 9,138 shares of ACI Worldwide, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of stock acquisition and disposal |
| 06/06/2024 | Date of signature on the Form 4 filing |
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