Form 4: FICO Director McMorris Acquires Stock Options and Restricted Stock Units

Director Marc F. McMorris reports acquisition of stock options and restricted stock units in Fair Isaac Corp (FICO) on March 5, 2025.

Summary

• On March 5, 2025, Marc F. McMorris, a director of Fair Isaac Corp (FICO), acquired non-qualified stock options and restricted stock units.
• McMorris acquired 109 non-qualified stock options with an exercise price of $1,873.01, expiring on March 4, 2032.
• He also acquired 204 non-qualified stock options with the same exercise price and expiration date, vesting on the date of the Corporation's 2026 Annual Shareholder Meeting (ASM).
• Additionally, McMorris acquired 77 restricted stock units, each representing a right to receive one share of Fair Isaac common stock contingent upon continued service on the board.
• The reporting person has elected to take his annual cash retainer in the form of stock options pursuant to the Corporation's Compensation Program for Non-Employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider confidence, but doesn't contain any groundbreaking news.

Positives

• The acquisition of stock options and restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the stock options is contingent upon the Corporation's 2026 Annual Shareholder Meeting, and the restricted stock units are contingent upon continued service on the board.

Management Comments

• The reporting person has elected to take his annual cash retainer in the form of stock options pursuant to the Corporation's Compensation Program for Non-Employee Directors.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and equity ownership of company directors.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard forms of compensation for directors in publicly traded companies like Fair Isaac Corp (FICO).
• The terms of these grants, such as vesting schedules and exercise prices, are generally aligned with industry practices to incentivize long-term value creation.

Stakeholder Impact

• The acquisition of stock options and restricted stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates