Form 4: ACI Worldwide Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Alessandro Silva, Chief Revenue Officer of ACI Worldwide, sold shares to cover tax liabilities related to vesting restricted stock units.
Summary
- Alessandro Silva, the Chief Revenue Officer of ACI Worldwide, sold shares of common stock on August 9, 2024, and August 11, 2024, to cover tax obligations.
- On August 9, 2024, 1,201 shares were sold at a price of $46.59.
- These shares were surrendered to cover the tax liability from the vesting of 2,417 restricted stock units granted on August 9, 2022, representing one-twelfth of the total grant.
- On August 11, 2024, 1,241 shares were sold at a price of $46.59.
- These shares were surrendered to cover the tax liability from the vesting of 2,497 restricted stock units granted on May 11, 2023, representing one-twelfth of the total grant.
- Following these transactions, Silva directly owns 63,641 shares of ACI Worldwide common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Executive stock sales for tax purposes are a common occurrence and generally don't indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 08/09/2022 | Date of grant for 2,417 restricted stock units, one-twelfth of which vested on August 9, 2024. |
| 05/11/2023 | Date of grant for 2,497 restricted stock units, one-twelfth of which vested on August 11, 2024. |
| 08/09/2024 | Date of transaction: Sale of 1,201 shares to cover tax liability. |
| 08/11/2024 | Date of transaction: Sale of 1,241 shares to cover tax liability. |
| 08/13/2024 | Date of signature on the Form 4. |
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