Form 4: IAC Director Alan Spoon Reports Vesting of Restricted Stock Units

IAC Inc. Director Alan G. Spoon reported the vesting of 1,257 restricted stock units, converting into common stock, as part of a pre-scheduled compensation plan.

Summary

• Alan G. Spoon, a Director at IAC Inc., reported a transaction on June 23, 2025, involving the acquisition of 1,257 shares of IAC common stock.
• These shares were acquired upon the vesting of restricted stock units (RSUs) at a price of $0, indicating they were part of a compensation package rather than a purchase.
• Following this transaction, Mr. Spoon directly beneficially owns 242,429 shares of IAC common stock.
• This direct ownership includes 106,625 shares held personally or through a trust, and 135,804 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• Additionally, Mr. Spoon indirectly beneficially owns 15,000 shares through a Family LLC, though he disclaims beneficial ownership except to the extent of his pecuniary interest.
• The reported restricted stock units vested in equal installments on June 23, 2023, June 23, 2024, and June 23, 2025, contingent on continued service.
• The amount of unvested restricted stock units was adjusted to reflect the Angi Inc. spin-off completed by IAC on March 31, 2025.

Sentiment

Score: 6

Explanation: The document reports a routine, pre-scheduled vesting of restricted stock units for a director. This is a neutral to slightly positive event as it reflects ongoing compensation and continued service, with no negative implications or unexpected changes.

Positives

• The vesting of 1,257 restricted stock units demonstrates continued compensation for Director Alan G. Spoon's service to IAC Inc.
• The transaction is a routine, pre-scheduled event, indicating stability in executive compensation arrangements.

Future Outlook

The vesting schedule for the restricted stock units implies continued service by the director through June 23, 2025, as vesting was subject to continued service.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide broader industry context or trends. It reflects standard compensation practices for directors in publicly traded companies.

Related Party Transactions

• Indirect beneficial ownership of 15,000 shares through a Family LLC is disclosed, with the reporting person disclaiming beneficial ownership except for their pecuniary interest.

Stakeholder Impact

• Shareholders: Provides transparency regarding director stock ownership and compensation, confirming a routine, pre-scheduled vesting event.
• Employees: No direct impact on general employees, but reflects standard executive compensation practices.
• Management: Confirms the continued compensation and service of a key director.

Key Dates

Keywords

IAC Inc., Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Common Stock, Director Compensation, Beneficial Ownership, Alan G. Spoon