Form 4: FIS CEO Stephanie Ferris Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4
Stephanie Ferris, CEO and President of Fidelity National Information Services (FIS), reports the vesting and subsequent transactions of restricted stock units, including acquisitions and disposals to cover tax obligations.
Summary
- Stephanie Ferris, CEO and President of Fidelity National Information Services, Inc. (FIS), filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2025, restricted stock units vested, resulting in the acquisition of 168,953 shares.
- On March 3, 2025, several transactions occurred, including the acquisition of shares through the vesting of restricted stock units and performance share units.
- Shares were also disposed of to satisfy withholding tax obligations related to the vesting of both performance share units (24,947 shares at $71.12) and restricted stock units (2,204 shares at $71.12 and 8,694 shares at $69.25 and 7,792 shares at $69.25).
- The reported transactions resulted in a final holding of 192,952.321 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CEO's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units and performance share units as incentives.
- The vesting schedules and tax withholding practices are standard across many publicly traded companies.
- Companies like Global Payments Inc. (GPN) and Block, Inc. (SQ) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's stock ownership.
- Employees may be interested in the details of executive compensation and equity ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for performance share units. |
| 12/31/2022 | Performance measurement period ending date for PSUs. |
| 12/31/2023 | Performance measurement period ending date for PSUs. |
| 12/31/2024 | Performance measurement period ending date for PSUs. |
| 02/28/2025 | Date of vesting for restricted stock units and performance share units. |
| 03/03/2025 | Date of multiple transactions involving acquisition and disposal of common stock. |
| 03/04/2025 | Date of Form 4 filing. |
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