Form 4: FIS Executive Firdaus Bhathena Reports Stock Transactions

Firdaus Bhathena, Chief Technology Officer of Fidelity National Information Services (FIS), reports the acquisition and disposal of FIS common stock and restricted stock units on May 28, 2024.

Summary

• On May 28, 2024, Firdaus Bhathena, the Chief Technology Officer of Fidelity National Information Services, Inc. (FIS), reported transactions involving FIS common stock and restricted stock units.
• Bhathena acquired 6,901 shares of common stock upon the vesting of restricted stock units.
• Concurrently, 3,061 shares were disposed of to cover tax withholding obligations at a price of $76.31 per share.
• Following these transactions, Bhathena directly owns 11,220 shares of FIS common stock.
• Bhathena also owns 13,802 restricted stock units, each representing a contingent right to receive one share of FIS common stock, vesting in three equal annual installments commencing on the first anniversary of the grant.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives to manage their equity compensation, including selling shares to cover tax obligations upon vesting.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine equity management by an executive.

Key Dates