Form 4: ACIW: Former CFO Behrens Sells Shares for Tax
Insider Transaction Report
Former ACI Worldwide CFO Scott W. Behrens sold 2,084 shares of common stock to cover tax liabilities from vested restricted stock units.
Summary
- Scott W. Behrens, former Chief Financial Officer of ACI Worldwide, Inc. (ACIW), reported a transaction involving the company's common stock.
- On August 11, 2025, Behrens disposed of 2,084 shares of ACIW common stock at a price of $44.39 per share.
- This disposition was to cover the tax liability incurred upon the vesting of 4,661 restricted stock units (RSUs).
- The 4,661 vested shares represent one-twelfth of the total restricted stock units granted to Behrens on May 11, 2023.
- Following this transaction, Behrens beneficially owns 532,354 shares of ACIW common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine transaction by a former executive to cover tax liabilities from vested equity, which is a neutral event with no significant positive or negative implications for the company's operations or financial health.
Positives
- The transaction represents the vesting of restricted stock units, which is a positive for the former executive as part of their compensation.
Negatives
- The disposition of shares, while for a routine tax purpose, results in a slight reduction in the former executive's direct ownership of company stock.
Future Outlook
No future outlook or guidance is provided in this filing.
Industry Context
This Form 4 filing details a routine, tax-related share disposition by a former executive and does not provide broader industry context or trends.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer | Scott W Behrens | Not specified in this filing | Not specified in this filing | Scott W. Behrens is identified as 'Former Chief Financial Officer' in this filing, indicating a prior change in the role. |
Related Party Transactions
- Shares were surrendered to ACI Worldwide, Inc. by Scott W. Behrens to cover tax liabilities arising from the vesting of restricted stock units, a standard transaction related to executive compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, tax-related transaction by a former executive.
- Employees: No direct impact.
- Customers: No direct impact.
- Suppliers: No direct impact.
- Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 05/11/2023 | Date of restricted stock unit grant. |
| 08/11/2025 | Date of common stock disposition by Scott W. Behrens. |
| 08/13/2025 | Signature date of the reporting person. |
Keywords
ACI Worldwide, ACIW, Scott W Behrens, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Liability, Executive Compensation, Financial Technology
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