Form 4: IAC Inc. Director David S. Rosenblatt Reports Stock Acquisition from RSU Vesting
SEC Form 4 Filing
Director David S. Rosenblatt acquired 1,034 shares of IAC Inc. common stock upon the vesting of restricted stock units.
Summary
- On June 23, 2024, David S. Rosenblatt, a director of IAC Inc., acquired 1,034 shares of IAC common stock.
- The acquisition resulted from the vesting of restricted stock units.
- Following the transaction, Rosenblatt directly owns 80,813 shares of IAC common stock, which includes 54,820 shares held directly and 25,993 share units accrued under IAC's Non-Employee Director Deferred Compensation plans.
- The restricted stock units vest in equal installments on June 23, 2023, 2024, and 2025, subject to continued service.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into their holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 06/23/2023 | First vesting date of restricted stock units. |
| 06/23/2024 | Transaction date: Rosenblatt acquired shares upon 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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