Form 4: Alexander Von Furstenberg Reports Acquisition of IAC Inc. Shares Through Vesting of Restricted Stock Units

Director Alexander Von Furstenberg reports acquiring 1,325 shares of IAC Inc. common stock through the vesting of restricted stock units.

Summary

• On June 15, 2024, Alexander Von Furstenberg, a director of IAC Inc., acquired 1,325 shares of IAC common stock due to the vesting of restricted stock units.
• These restricted stock units were part of a grant that vests in equal installments on June 15 of 2024, 2025, and 2026, contingent upon continued service.
• Following this transaction, Von Furstenberg directly owns 97,733 shares of IAC common stock, which includes 80,314 shares held directly and 17,419 share units accrued under IAC's Non-Employee Director Deferred Compensation Plans.
• He also holds 2,652 restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock vesting.

Positives

• The vesting of restricted stock units indicates continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The reporting person will continue to vest in restricted stock units on June 15, 2025, and June 15, 2026, subject to continued service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director incentives with company performance.

Key Dates