Form 4: ACI Worldwide Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Alessandro Silva, Chief Revenue Officer of ACI Worldwide, sold 1,255 shares of common stock to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- Alessandro Silva, the Chief Revenue Officer of ACI Worldwide, sold 1,255 shares of the company's common stock on February 9, 2025.
- The sale was executed at a price of $52.89 per share.
- This transaction was done to cover the tax liability incurred upon the vesting of 2,417 restricted stock units, which represented one-twelfth of the units granted on August 9, 2022.
- Following the transaction, Silva directly owns 57,971 shares of ACI Worldwide.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 2022/08/09 | Date of grant for restricted stock units, one-twelfth of which vested. |
| 2025/02/09 | Date of the stock sale transaction. |
| 2025/02/11 | Date of signature on the Form 4 filing. |
Keywords
ACI Worldwide, Alessandro Silva, insider trading, Form 4, stock sale, restricted stock units, tax liability, ACIW, Chief Revenue Officer
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