IAC.NASDAQIac INC
Form 4: IAC Inc. Director Richard Zannino Reports Stock Vesting
Sentiment:
SEC Form 4 Filing
Director Richard Zannino reported the vesting of restricted stock units into IAC Inc. common stock.
Summary
- Richard Zannino, a director of IAC Inc., reported a transaction on June 23, 2024, related to the vesting of restricted stock units.
- Specifically, 1,034 shares of IAC common stock were acquired upon the vesting of these units.
- The restricted stock units vest in equal installments on June 23 of 2023, 2024, and 2025, contingent upon continued service.
- Following the reported transaction, Zannino directly owns 53,544 shares of IAC common stock and 1,035 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
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 restricted stock units into common stock. |
| 06/23/2025 | Date of final vesting installment for restricted stock units. |
| 06/25/2024 | Date of signature for the Form 4 filing. |
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