4/A: FIS Executive Lenore D. Williams Corrects Stock Option Grant Reporting
SEC Filing (Form 4/A)
Lenore D. Williams, CEVP and Chief People Officer at Fidelity National Information Services, Inc. (FIS), files an amended Form 4 to correct the reporting of premium stock option grants.
Summary
- Lenore D. Williams, a CEVP and Chief People Officer at Fidelity National Information Services, Inc. (FIS), filed an amended Form 4 with the SEC.
- The amendment corrects the reporting of premium stock option grants received on February 28, 2023.
- The original filing on March 2, 2023, consolidated the grants, but they should have been reported as three separate grants with varying 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 and becomes exercisable in three equal annual installments starting February 28, 2024, and expires on February 28, 2030.
- The grants are premium stock options with 15%, 25%, and 30% premium exercise prices to the closing price on February 28, 2023, of $63.37.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The correction indicates attention to detail and compliance.
Industry Context
This filing is a routine disclosure related to executive compensation and is specific to FIS. It doesn't directly reflect broader industry trends.
Comparison to Industry Standards
- Stock option grants are a common form of executive compensation in publicly traded companies, including FIS.
- The vesting schedules and exercise prices are typical for such grants.
- Comparing the specific terms to grants at peer companies like Global Payments Inc. (GPN) or Block, Inc. (SQ) would require a deeper analysis of their executive compensation packages.
Stakeholder Impact
- The correction of the stock option grant reporting ensures transparency for shareholders.
- The filing has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Date of the stock option grants. |
| 03/02/2023 | Date of the original Form 4 filing. |
| 02/28/2024 | First vesting date for the stock options. |
| 02/28/2030 | Expiration date for the stock options. |
| 01/03/2024 | Date of Power of Attorney |
| 03/01/2024 | Date of the amended Form 4 filing. |
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