Form 4: IAC Inc. Director David S. Rosenblatt Reports Stock Vesting
SEC Form 4 Filing
Director David S. Rosenblatt reports the vesting of restricted stock units into IAC Inc. common stock.
Summary
- On May 14, 2024, David S. Rosenblatt, a director of IAC Inc., reported the vesting of 549 restricted stock units, which converted into 549 shares of IAC common stock.
- Following this transaction, Rosenblatt directly owns 78,454 shares of IAC common stock, including 52,461 shares held directly and 25,993 share units accrued under IAC's Non-Employee Director Deferred Compensation plans.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock vesting, which is neither particularly positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of IAC Inc.'s directors.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/14/2022 | Initial vesting date of restricted stock units. |
| 05/14/2023 | Second vesting date of restricted stock units. |
| 05/14/2024 | Date of transaction: Vesting of restricted stock units and conversion to common stock. |
| 05/15/2024 | Date of report. |
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