Form 4: ACI Worldwide Executive Abraham Kuruvilla Reports Stock Award and Tax Liability Transaction
SEC Form 4 Filing
Chief Technology Officer Abraham Kuruvilla reports acquisition of stock awards and disposition of shares to cover tax obligations.
Summary
- On March 4, 2025, Abraham Kuruvilla, Chief Technology Officer of ACI Worldwide, Inc., reported transactions involving the company's common stock.
- Kuruvilla acquired 25,605 shares of common stock through restricted share units awarded under the company's 2020 Equity and Performance Incentive Plan.
- These restricted share units vest in equal quarterly installments over a three-year period.
- Additionally, Kuruvilla disposed of 1,367 shares to cover tax liabilities arising from the vesting of 3,262 shares, representing one-twelfth of the restricted stock units granted on March 4, 2024.
- Following these transactions, Kuruvilla beneficially owns 105,345 shares of ACI Worldwide, Inc.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation transactions, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of original restricted stock units grant, one-twelfth of which vested on 03/04/2025. |
| 03/04/2025 | Date of stock award and tax liability transaction. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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