Form 4: IAC Inc. Executive Kendall Handler Reports Stock Transactions

EVP & Chief Legal Officer of IAC Inc., Kendall Handler, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• Kendall Handler, EVP & Chief Legal Officer of IAC Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 15, 2025, 27,752 restricted stock units vested, resulting in the acquisition of 27,752 shares of IAC common stock.
• 14,278 shares were withheld to cover taxes due in connection with the vesting of the restricted stock units at a price of $47.02 per share.
• Following these transactions, Handler directly owns 27,158 shares of IAC common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications for the company's overall performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transaction affects the executive's personal holdings of IAC stock.
• The tax withholding impacts the company's tax obligations.

Key Dates

Keywords

Form 4, IAC Inc., Kendall Handler, restricted stock units, beneficial ownership, stock vesting, tax withholding, executive compensation