4/A: FIS CEO Stephanie Ferris Corrects Stock Option Grant Reporting

Stephanie Ferris, CEO and President of Fidelity National Information Services (FIS), files an amendment to a previous Form 4 to correct the reporting of stock option grants.

Summary

• This is an amendment to a Form 4 filing by Stephanie Ferris, CEO and President of Fidelity National Information Services, Inc. (FIS).
• The amendment corrects the reporting of premium stock options granted on February 28, 2023.
• The original filing consolidated the grants, but they should have been reported as three separate grants with different premium exercise prices.
• The corrected filing details three separate stock option grants with exercise prices of $72.88, $79.21, and $82.38.
• Each grant vests in three equal annual installments starting February 28, 2024, and expires on February 28, 2030.
• The corrected filing also includes a power of attorney document, granting Caroline Tsai and Matthew Ricciardi the authority to execute Forms 3, 4, and 5 on behalf of Stephanie L. Ferris.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. While not inherently positive or negative, accurate reporting is viewed favorably. The sentiment is neutral to slightly positive.

Industry Context

This filing is a routine disclosure related to executive compensation and is required by the SEC for publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Comparison to Industry Standards

• Stock option grants are a common form of executive compensation in the financial technology industry.
• Companies like Global Payments, Block, and PayPal also utilize stock options as part of their compensation packages.
• The vesting schedules and exercise prices are generally structured to align executive interests with long-term shareholder value.
• The specific terms of these grants, such as vesting periods and premium exercise prices, are often benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The correction of the stock option grant reporting ensures transparency for shareholders.
• Accurate reporting helps maintain investor confidence in the company's governance practices.

Key Dates