Form 4: IAC Inc. Director Alan Spoon Reports Stock Transactions
SEC Form 4 Filing
Director Alan Spoon reports acquisition of 1,034 shares of IAC Inc. common stock upon vesting of restricted stock units and disclaims beneficial ownership of 15,000 shares held by a Family LLC.
Summary
- On June 23, 2024, Alan Spoon, a director of IAC Inc., acquired 1,034 shares of IAC common stock due to the vesting of restricted stock units.
- These restricted stock units vest in equal installments on June 23, 2023, 2024, and 2025.
- Following the transaction, Spoon directly owns 237,486 shares, which includes 101,682 shares held directly and 135,804 share units accrued under IAC's Non-Employee Director Deferred Compensation Plans.
- Spoon also disclaims beneficial ownership of 15,000 shares held by a Family LLC, except to the extent of his pecuniary interest.
- The report was filed on June 25, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 06/23/2023 | First vesting date of restricted stock units. |
| 06/23/2024 | Transaction date: Acquisition of 1,034 shares due to vesting of restricted stock units. |
| 06/23/2025 | Final vesting date of restricted stock units. |
| 06/25/2024 | Date of Form 4 filing. |
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