Form 4: IAC Inc. Director Bryan Lourd Reports Stock Acquisition from Restricted Stock Unit Vesting

Director Bryan Lourd acquired 1,325 shares of IAC Inc. common stock on June 15, 2024, due to the vesting of restricted stock units.

Summary

• On June 15, 2024, Bryan Lourd, a director of IAC Inc., acquired 1,325 shares of IAC common stock.
• This acquisition resulted from the vesting of restricted stock units.
• The price per share at the time of vesting was $0.
• Following the transaction, Lourd directly owns 162,587 shares of IAC common stock, which includes 40,196 shares held directly and 122,391 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• The restricted stock units vest in equal installments on June 15 of 2024, 2025, and 2026, contingent upon continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and insider alignment with company interests.

Positives

• The vesting of restricted stock units indicates a continued alignment of the director's interests with the company's performance.

Future Outlook

The director's remaining restricted stock units will vest in equal installments on June 15, 2025, and June 15, 2026, subject to continued service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning management's interests with the company's long-term performance.

Key Dates