Form 4: ACI Worldwide Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Alessandro Silva, Chief Revenue Officer of ACI Worldwide, sold 1,202 shares of common stock to cover tax liabilities arising from vesting restricted stock units.
Summary
- Alessandro Silva, the Chief Revenue Officer of ACI Worldwide, sold 1,202 shares of the company's common stock on February 11, 2025.
- The sale was executed at a price of $52.31 per share.
- This transaction was to cover the tax liability incurred upon the vesting of 2,497 restricted stock units granted on May 11, 2023.
- Following the transaction, Silva directly owns 56,769 shares of ACI Worldwide.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the size and context of the sale relative to the executive's overall holdings and company performance.
Key Dates
| Date | Description |
|---|---|
| May 11, 2023 | Date of grant for the restricted stock units, one-twelfth of which vested. |
| February 11, 2025 | Date of the stock sale transaction. |
| February 14, 2025 | Date of signature on the Form 4 filing. |
Keywords
ACI Worldwide, Alessandro Silva, stock sale, Form 4, Chief Revenue Officer, restricted stock units, tax liability, beneficial ownership
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