Form 4: IAC Director Bonnie Hammer Granted 6,791 Restricted Stock Units

IAC Inc. Director Bonnie S. Hammer was granted 6,791 restricted stock units (RSUs) on June 18, 2025, which will vest in equal installments over the next three years.

Summary

• Bonnie S. Hammer, a Director of IAC Inc. (IAC), was granted 6,791 Restricted Stock Units (RSUs).
• The transaction date for this grant was June 18, 2025.
• The RSUs have a conversion or exercise price of $0, which is typical for such grants.
• Each RSU represents the right to receive one share of IAC Common Stock, par value $0.0001.
• The 6,791 RSUs will vest in equal installments on June 18, 2026, June 18, 2027, and June 18, 2028.
• Vesting is contingent upon Bonnie S. Hammer's continued service to the company.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing disclosing an equity grant to a director. It contains no information that would significantly alter the company's financial outlook or operational status, thus indicating a neutral sentiment.

Positives

• The grant of restricted stock units to Director Bonnie S. Hammer aligns her interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The multi-year vesting schedule (2026, 2027, 2028) encourages long-term commitment and retention of key board members.

Negatives

• No specific negative aspects are indicated by this standard compensation disclosure.

Risks

• The value of the granted restricted stock units is subject to the future performance of IAC Inc.'s common stock, meaning the actual value realized by the director could be lower than the grant-date value if the stock price declines.
• Vesting is subject to continued service, meaning the director would forfeit unvested units if their service terminates before the vesting dates.

Future Outlook

The restricted stock units granted to Director Bonnie S. Hammer are scheduled to vest in equal installments on June 18, 2026, 2027, and 2028, contingent upon her continued service to IAC Inc.

Industry Context

This Form 4 filing represents a routine disclosure of equity compensation for a director, a common practice across publicly traded companies to align management and board interests with shareholder value. Such grants are standard components of executive and director compensation packages in the technology and media sectors, where IAC Inc. operates.

Comparison to Industry Standards

• The grant of restricted stock units (RSUs) as part of director compensation is a widely adopted practice among U.S. public companies, including those in the internet and media sectors like IAC Inc.
• The vesting schedule, typically over multiple years and subject to continued service, is standard for equity awards designed to promote long-term retention and performance alignment.
• The grant size of 6,791 RSUs for a director at a company of IAC's market capitalization is within typical ranges for non-executive board compensation, though specific comparisons would require detailed peer group analysis of companies like Match Group, ANGI Homeservices, or Dotdash Meredith (companies previously or currently associated with IAC's portfolio).

Related Party Transactions

• The grant of restricted stock units to Bonnie S. Hammer, a Director of IAC Inc., constitutes a transaction between the company and a related party (an insider).

Stakeholder Impact

• Shareholders: The grant represents a form of non-cash compensation that aligns the director's interests with shareholder value over the long term, as the value of the RSUs is tied to the company's stock performance.
• Employees: No direct impact on general employees is indicated by this specific filing.
• Director (Bonnie S. Hammer): Receives equity compensation, which incentivizes continued service and performance.

Next Steps

• The restricted stock units will vest in equal installments on June 18, 2026, 2027, and 2028, subject to Bonnie S. Hammer's continued service.

Key Dates

Keywords

Restricted Stock Units, RSU Grant, Director Compensation, SEC Form 4, Insider Transaction, Equity Compensation, IAC Inc., Corporate Governance