Form 4: Fidelity National Information Services Director Establishes Grantor Retained Annuity Trust

Director Ellen R. Alemany establishes a Grantor Retained Annuity Trust (GRAT) for estate planning, transferring 35,333 shares of Fidelity National Information Services, Inc. (FIS) common stock.

Summary

• Ellen R. Alemany, a director of Fidelity National Information Services, Inc. (FIS), filed a Form 4 on March 12, 2024, with the SEC.
• The filing reports changes in Ms. Alemany's beneficial ownership of FIS common stock due to the establishment of a Grantor Retained Annuity Trust (GRAT) for estate planning purposes.
• On March 8, 2024, Ms. Alemany transferred 35,333 shares of FIS common stock to the GRAT.
• Following the transaction, Ms. Alemany directly owns 0 shares and indirectly owns 35,333 shares through the GRAT 2024 and 8,891 shares through GRAT 2022.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to estate planning, with neutral sentiment.

Positives

• The establishment of a GRAT is a common estate planning strategy, which can be seen as a proactive measure by the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. The establishment of a GRAT is a common estate planning tool and doesn't necessarily reflect a change in the director's outlook on the company.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it is primarily an estate planning activity.

Key Dates