Form 4: Louise M. Parent Reports Changes in Beneficial Ownership of Fidelity National Information Services, Inc. (FIS) Stock Following Director Departure
SEC Filing Form 4
Louise M. Parent, a director of Fidelity National Information Services, Inc. (FIS), reported the distribution of previously deferred restricted stock units following the end of her service as a director on June 5, 2024.
Summary
- On June 7, 2024, Louise M. Parent filed a Form 4 with the SEC, reporting changes in her beneficial ownership of Fidelity National Information Services, Inc. (FIS) stock.
- The report details the distribution of restricted stock units that had vested in previous years (2021, 2023, and 2024) but were deferred until the end of her service as a director.
- Ms. Parent's service as a director ended on June 5, 2024, triggering the distribution of these vested units.
- A total of 1,554, 2,139, and 3,854 shares were distributed from restricted stock units that vested on May 28, 2021, May 25, 2023, and May 24, 2024, respectively.
- Following these transactions, Ms. Parent beneficially owns 15,873 shares of FIS 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.
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 distribution of deferred compensation upon the departure of a director.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Louise M. Parent | 2024-06-05 | End of service as a director |
Stakeholder Impact
- The distribution of shares may have a minor impact on shareholders due to the increased number of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2021-05-28 | Restricted stock units for 1,554 shares vested. |
| 2023-05-25 | Restricted stock units for 2,139 shares vested. |
| 2024-01-03 | Power of Attorney signed by Louise M. Parent. |
| 2024-05-24 | Restricted stock units for 3,854 shares vested. |
| 2024-06-05 | Louise M. Parent ended service as a director, triggering distribution of vested restricted stock units. |
| 2024-06-07 | Form 4 filing date. |
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