Form 4: IAC Director Michael Eisner Acquires Shares Through Final RSU Vesting

IAC Inc. Director Michael D. Eisner reported the acquisition of 1,257 shares of common stock on June 23, 2025, resulting from the final installment vesting of his restricted stock units.

Summary

• Michael D. Eisner, a Director of IAC Inc., acquired 1,257 shares of IAC common stock on June 23, 2025.
• The acquisition was a result of the vesting of restricted stock units (RSUs) at a price of $0 per share, indicating a non-cash transaction related to compensation.
• These RSUs vested in equal installments on June 23, 2023, 2024, and 2025, subject to continued service, with this filing reflecting the final 2025 installment.
• Following this transaction, Mr. Eisner beneficially owns a total of 170,368 shares of IAC common stock.
• This total includes 167,349 shares held directly and 3,019 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• The amount of unvested restricted stock units reported on this Form 4 has been adjusted to reflect the Angi Spin, which was completed on March 31, 2025, when IAC spun off its ownership in Angi Inc.

Sentiment

Score: 6

Explanation: The document reports a routine, expected insider transaction (RSU vesting) which increases a director's ownership. This is generally neutral but can be seen as slightly positive due to increased alignment of interests.

Positives

• The acquisition of shares by a director, even through RSU vesting, increases their direct stake in the company, potentially aligning their interests more closely with shareholders.
• The transaction represents a routine, expected compensation event for a director, indicating stability in executive compensation practices.

Future Outlook

The reported transaction completes the vesting schedule for this specific grant of restricted stock units, which vested in equal installments through June 23, 2025. The adjustment for the Angi Spin, completed on March 31, 2025, indicates past corporate restructuring impacting equity compensation.

Management Comments

• Michael Eisner, a Director of IAC Inc., reported the acquisition of shares through the vesting of restricted stock units, as part of his compensation for continued service.

Industry Context

This Form 4 filing details a routine insider transaction for a director of IAC Inc., a diversified internet and media company. While not directly indicative of broader industry trends, the mention of the Angi Inc. spin-off highlights IAC's ongoing portfolio management and strategic divestitures within the internet services sector.

Stakeholder Impact

• Shareholders: Michael Eisner's increased direct ownership aligns his interests more closely with other shareholders, which is generally viewed positively.
• Employees: The vesting of RSUs is a standard form of equity compensation, which can serve as a retention tool and align employee interests with company performance.

Key Dates

Keywords

IAC Inc., Michael Eisner, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Common Stock, Beneficial Ownership, Director Compensation, Angi Spin-off