Form 4: ACI Worldwide Executive Deborah L. Guerra Sells Shares to Cover Tax Obligations
SEC Form 4
Deborah L. Guerra, Chief Product Officer of ACI Worldwide, sold 929 shares of common stock on June 4, 2024, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On June 4, 2024, Deborah L. Guerra, Chief Product Officer of ACI Worldwide, sold 929 shares of the company's common stock.
- The sale was executed at a price of $34.75 per share.
- This transaction was done to cover the tax liability due upon the vesting of 2,088 restricted stock units granted on March 4, 2024.
- Following the transaction, Guerra directly owns 67,948 shares of ACI Worldwide.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock valuation.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of grant for restricted stock units, one-twelfth of which vested. |
| 06/04/2024 | Date of stock sale by Deborah L. Guerra. |
| 06/06/2024 | Date of signature on the Form 4 filing. |
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