Form 4: IAC Inc. Director Bonnie Hammer Reports Stock Vesting
SEC Filing
Director Bonnie Hammer reported the vesting of restricted stock units into IAC Inc. common stock on June 23, 2024.
Summary
- On June 23, 2024, Bonnie Hammer, a director of IAC Inc., had 1,034 restricted stock units vest, converting into 1,034 shares of IAC common stock.
- The transaction was reported on a Form 4 filed with the SEC on June 25, 2024.
- Following the transaction, Hammer directly owns 29,778 shares of IAC common stock and 1,035 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock vesting, which is neither particularly positive nor negative.
Future Outlook
The remaining restricted stock units are scheduled to vest on June 23, 2025, contingent upon continued service.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The vesting of stock units has a minor dilutive effect on existing shareholders.
Next Steps
- The remaining restricted stock units will vest on June 23, 2025, assuming continued service.
Key Dates
| Date | Description |
|---|---|
| 06/23/2023 | Date of first vesting installment for restricted stock units. |
| 06/23/2024 | Date of reported transaction: vesting of 1,034 restricted stock units. |
| 06/23/2025 | Date of final vesting installment for restricted stock units. |
| 06/25/2024 | Date Form 4 was filed. |
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