Form 4: IAC Inc. Director Bryan Lourd Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Bryan Lourd reports acquiring 5,131 restricted stock units of IAC Inc. on June 11, 2024, vesting over three years.
Summary
- Bryan Lourd, a director of IAC Inc., filed a Form 4 on June 13, 2024, reporting a transaction.
- On June 11, 2024, Lourd acquired 5,131 restricted stock units (RSUs) of IAC Inc.
- These RSUs vest in equal installments on June 11 of 2025, 2026, and 2027, contingent upon continued service.
- Following the transaction, Lourd directly owns 5,131 shares underlying the restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of transaction: Acquisition of restricted stock units. |
| 06/11/2025 | First vesting date for restricted stock units. |
| 06/11/2026 | Second vesting date for restricted stock units. |
| 06/11/2027 | Final vesting date for restricted stock units. |
| 06/13/2024 | Date of Form 4 filing. |
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