Form 4: FIS Director Brian T. Shea Reports Stock Transactions Following End of Service
SEC Form 4 Filing
Brian T. Shea, a director at Fidelity National Information Services, Inc. (FIS), reported the acquisition of common stock through the vesting and distribution of restricted stock units following the end of his service as a director on June 5, 2024.
Summary
- On June 7, 2024, Brian T. Shea, a director of Fidelity National Information Services, Inc. (FIS), filed a Form 4 with the SEC.
- The filing reports transactions that occurred on June 5, 2024, related to the vesting and distribution of restricted stock units.
- Shea acquired a total of 9,004 shares of common stock through the conversion of restricted stock units.
- These restricted stock units had vested on various dates in the past (May 28, 2021, May 19, 2022, May 25, 2023 and May 24, 2024) but distribution was deferred until the end of his service as a director.
- Shea also indirectly owns 1,050 shares of common stock through UGMA custodial accounts for children.
- The filing also includes a power of attorney, effective January 3, 2024, authorizing Gerald W. Clanton and Caroline Tsai to execute Forms 3, 4, and 5 on Shea's behalf.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The vesting of restricted stock units indicates that Shea met the conditions for these equity grants.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing reflects the standard compensation practices of awarding equity to directors and executives.
Stakeholder Impact
- The transactions reported in the Form 4 filing provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2021-05-28 | 1,554 restricted stock units vested in full. |
| 2022-05-19 | 1,457 restricted stock units vested in full. |
| 2023-05-25 | 2,139 restricted stock units vested in full. |
| 2024-01-03 | Power of Attorney granted to Gerald W. Clanton and Caroline Tsai. |
| 2024-05-24 | 3,854 restricted stock units vested in full. |
| 2024-06-05 | Date of transactions: vesting and distribution of restricted stock units; end of service as director. |
| 2024-06-07 | Date of Form 4 filing. |
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