Form 4: Agilysys CFO Receives Restricted Stock Units

Agilysys Chief Financial Officer, William David Wood III, was granted 4,015 restricted stock units under the company's 2024 Equity Incentive Plan.

Summary

• William David Wood III, the Chief Financial Officer of Agilysys, Inc., received 4,015 restricted stock units.
• These units were granted under the company's 2024 Equity Incentive Plan.
• Each restricted stock unit represents the right to receive one share of Agilysys common stock.
• The restricted stock units will vest in three equal installments on October 31st of 2025, 2026, and 2027.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the CFO's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The restricted stock units will vest over the next three years, incentivizing the CFO's long-term performance.

Industry Context

Granting restricted stock units is a common practice in the technology industry to incentivize and retain key executives.

Comparison to Industry Standards

• Many technology companies use restricted stock units as part of their executive compensation packages.
• The vesting schedule of one-third per year is a fairly standard approach to ensure long-term alignment with company goals.
• Companies like Oracle, SAP, and Salesforce also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign of management's commitment to the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, equity incentive plan, executive compensation, stock options, Agilysys, CFO, William David Wood III