Form 4: Fair Isaac Executive Receives Performance Share Units

Fair Isaac's Executive Vice President and CFO, Steven P. Weber, was granted 3,382 performance share units based on the achievement of certain performance metrics.

Summary

• Steven P. Weber, Executive Vice President and CFO of Fair Isaac Corporation (FICO), received 3,382 performance share units.
• These units were granted on November 14, 2024, by the Leadership Development and Compensation Committee.
• The grant was based on the achievement of certain performance metrics.
• Each performance share unit represents the right to receive one share of Fair Isaac common stock.
• The units vest in three equal annual installments starting on December 9, 2024.
• One share will be delivered for each vested unit as soon as practicable after vesting.

Sentiment

Score: 7

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

Positives

• The granting of performance share units aligns executive compensation with company performance.
• The vesting schedule encourages long-term commitment from the executive.
• The grant reflects the executive's achievement of performance metrics.

Future Outlook

The performance share units will vest over the next three years, contingent on continued employment.

Industry Context

The use of performance share units is a common practice in executive compensation, aligning management interests with shareholder value.

Comparison to Industry Standards

• Many technology and financial services companies use performance-based equity awards to incentivize executives.
• The vesting schedule of three years is fairly standard for these types of awards.
• Companies like Equifax and TransUnion also use similar compensation structures for their executives.

Stakeholder Impact

• Shareholders may view this positively as it aligns executive compensation with company performance.
• Employees may see this as a positive sign of the company's commitment to rewarding performance.

Next Steps

• The performance share units will vest annually over the next three years.
• Shares will be delivered to the executive upon vesting.

Key Dates

Keywords

performance share units, executive compensation, stock options, FICO, Fair Isaac, Steven P. Weber