Form 4: IAC Director Bonnie Hammer Reports Vesting of Restricted Stock Units

IAC Inc. Director Bonnie S. Hammer reported the vesting of 1,610 restricted stock units into common stock on June 15, 2025, increasing her direct beneficial ownership to 33,464 shares.

Summary

• Bonnie S. Hammer, a Director of IAC Inc., reported a change in her beneficial ownership of company securities.
• On June 15, 2025, 1,610 restricted stock units (RSUs) vested and converted into an equal number of IAC common stock shares.
• The common stock shares were acquired at a price of $0 upon vesting.
• Following this transaction, Ms. Hammer directly beneficially owns 33,464 shares of IAC common stock.
• She also holds 1,609 unvested restricted stock units.
• The RSUs are scheduled to vest in equal installments on June 15, 2024, 2025, and 2026, contingent on continued service.
• The number of unvested RSUs was adjusted to reflect the spin-off of Angi Inc., which was completed on March 31, 2025.

Sentiment

Score: 5

Explanation: The document reports a standard insider transaction involving the vesting of restricted stock units, which is a routine part of director compensation and does not inherently indicate positive or negative sentiment about the company's performance or outlook.

Positives

• Director Bonnie S. Hammer increased her direct beneficial ownership of IAC common stock by 1,610 shares through the vesting of restricted stock units, aligning her interests with shareholders.
• The vesting of restricted stock units is a standard component of executive compensation, indicating continued service and commitment from a key director.

Negatives

• No explicitly negative information is contained within this routine insider transaction report.

Risks

• The document does not explicitly detail specific risks to the company's operations or financial performance.

Future Outlook

The remaining 1,609 restricted stock units held by Bonnie S. Hammer are scheduled to vest in equal installments on June 15, 2026, contingent upon her continued service to the company.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation. Such filings are common across publicly traded companies as part of their executive and director compensation programs, aligning insider interests with shareholder value.

Comparison to Industry Standards

• This document reports a standard vesting event of restricted stock units for a director, which is a common form of equity compensation in publicly traded companies across various industries. There are no specific comparable companies, projects, or results detailed within this Form 4 to allow for a direct comparison to industry benchmarks beyond the general practice of RSU vesting.

Related Party Transactions

• The document reports the vesting of 1,610 restricted stock units for Bonnie S. Hammer, a Director of IAC Inc., which is a form of compensation and a routine related party transaction.

Stakeholder Impact

• Shareholders: The increase in direct beneficial ownership by a director through RSU vesting aligns the director's interests with those of shareholders.
• Employees: No direct impact on employees beyond the general compensation structure.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Next Steps

• The remaining 1,609 restricted stock units held by Bonnie S. Hammer are scheduled to vest in equal installments on June 15, 2026, subject to continued service.

Key Dates

Keywords

IAC Inc., IAC, Bonnie S. Hammer, Form 4, SEC filing, Insider transaction, Restricted Stock Units, RSU vesting, Common Stock, Beneficial ownership, Director compensation, Angi Spin-off