Form 4: IAC Director Bryan Lourd Receives Equity Grant of Restricted Stock Units

IAC Inc. Director Bryan Lourd was granted 6,791 Restricted Stock Units (RSUs) as part of his compensation, vesting over three years.

Summary

• Bryan Lourd, a Director of IAC Inc. (IAC), was granted 6,791 Restricted Stock Units (RSUs) on June 18, 2025.
• The RSUs were acquired at a price of $0 per unit, indicating they are part of an equity compensation plan.
• These RSUs will vest in equal installments on June 18, 2026, June 18, 2027, and June 18, 2028, contingent upon Mr. Lourd's continued service to the company.
• Following this transaction, Mr. Lourd beneficially owns 6,791 Restricted Stock Units directly.
• The filing was made pursuant to Section 16(a) of the Securities Exchange Act of 1934, indicating an insider transaction.

Sentiment

Score: 6

Explanation: The document reports a routine equity compensation grant to a director, which is a neutral to slightly positive event as it aligns interests and aids retention, without indicating any significant operational or financial changes.

Positives

• The grant of Restricted Stock Units aligns the director's financial interests with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.
• The multi-year vesting schedule encourages long-term commitment and retention of a key board member, Bryan Lourd, who is a Director of IAC Inc.

Future Outlook

The Restricted Stock Units are scheduled to vest in equal installments on June 18, 2026, 2027, and 2028, subject to Bryan Lourd's continued service to IAC Inc.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in the U.S. corporate landscape, particularly among publicly traded companies. It serves as a key component of executive and director compensation, aiming to align the interests of the board members with long-term shareholder value creation. This practice is prevalent across various industries, including technology and media, where IAC Inc. operates.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as a form of equity compensation for directors is a standard practice across most publicly traded companies, including those comparable to IAC Inc. in the technology and media sectors.
• The vesting schedule over three years is also a common structure designed to promote long-term retention and performance alignment, consistent with compensation practices at companies like Google (Alphabet), Meta Platforms, or Amazon, which frequently use multi-year RSU vesting for their executives and board members.
• The $0 acquisition price for RSUs is typical for grants that are part of a compensation package, as opposed to stock options which have an exercise price.

Related Party Transactions

• The grant of Restricted Stock Units to Bryan Lourd, a Director of IAC Inc., represents a standard equity compensation transaction between the company and a related party (its director).

Stakeholder Impact

• Shareholders: The grant of RSUs may result in minor dilution over time as shares are issued upon vesting, but it also serves to align the director's interests with long-term shareholder value.
• Employees: No direct impact on general employees is indicated by this specific filing.
• Management: The grant reinforces the compensation structure for key management and board members, promoting retention and performance.

Next Steps

• Continued service of Bryan Lourd as a Director of IAC Inc. to fulfill vesting conditions.
• Vesting of RSU installments on June 18, 2026, June 18, 2027, and June 18, 2028.

Key Dates

Keywords

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