Form 4: IAC Inc. Director Bonnie Hammer Reports Stock Transactions
SEC Form 4
Director Bonnie Hammer reports the vesting of restricted stock units and acquisition of IAC Inc. common stock.
Summary
- Bonnie Hammer, a director of IAC Inc., reported a transaction on June 15, 2024.
- The transaction involved the vesting of 1,325 restricted stock units.
- Upon vesting, these units converted into 1,325 shares of IAC common stock.
- Following the transaction, Hammer directly owns 28,744 shares of IAC common stock.
- Hammer also directly owns 2,652 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of transaction: vesting of restricted stock units and acquisition of common stock. |
| 06/15/2024 | Restricted stock units vest in equal installments on each of June 15, 2024, 2025, and 2026. |
| 06/15/2025 | Next vesting date for restricted stock units. |
| 06/15/2026 | Final vesting date for restricted stock units. |
| 06/18/2024 | Date of signature for the report. |
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