Form 4: IAC Director Alan Spoon Acquires Shares Through Restricted Stock Unit Vesting

IAC Inc. Director Alan G. Spoon has acquired 1,610 shares of common stock through the vesting of restricted stock units, increasing his direct and indirect beneficial ownership.

Summary

• Alan G. Spoon, a Director of IAC Inc., acquired 1,610 shares of IAC common stock on June 15, 2025, through the vesting of restricted stock units.
• The acquisition was part of a pre-scheduled vesting event for restricted stock units that vest in equal installments on June 15, 2024, 2025, and 2026, subject to continued service.
• Following this transaction, Mr. Spoon's total beneficial ownership of IAC common stock stands at 241,172 shares.
• This total includes 105,368 shares held directly (personally or through a trust) and 135,804 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• Additionally, 15,000 shares are indirectly owned by a Family LLC, for which Mr. Spoon disclaims beneficial ownership except to the extent of his pecuniary interest.
• The amount of unvested restricted stock units reported has been adjusted to reflect the Angi Spin-off completed on March 31, 2025.

Sentiment

Score: 6

Explanation: The document reports a routine, expected insider transaction (RSU vesting) which is a positive sign of continued director alignment, but does not contain new information that would significantly alter sentiment.

Positives

• The transaction reflects a director's continued equity stake in the company, aligning their interests with shareholders.
• The acquisition of shares through RSU vesting is a standard component of director compensation, indicating ongoing commitment.

Future Outlook

The document indicates future vesting installments of restricted stock units on June 15, 2026, subject to continued service, which will result in further acquisition of common stock by the director.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation. It does not provide insights into broader industry trends but confirms the ongoing equity alignment of a key board member with the company's performance.

Related Party Transactions

• 15,000 shares of common stock are indirectly owned by a Family LLC, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued equity alignment of a director with the company's performance, which can be viewed positively.
• Employees: No direct impact mentioned, but reflects standard executive/director compensation practices.

Next Steps

• Future vesting of remaining restricted stock units on June 15, 2026, subject to continued service.

Key Dates

Keywords

IAC Inc., Form 4, SEC filing, Alan G. Spoon, Director, Restricted Stock Units, RSU vesting, Common Stock, Beneficial Ownership, Insider Transaction, Equity Compensation, Angi Spin-off