Form 4: Michael Eisner Reports Acquisition of Restricted Stock Units in IAC Inc.
SEC Form 4
Michael Eisner, a director of IAC Inc., reported the acquisition of 5,131 restricted stock units on June 11, 2024, vesting in equal installments over three years.
Summary
- Michael Eisner, a director of IAC Inc., filed a Form 4 to report changes in beneficial ownership.
- On June 11, 2024, Eisner acquired 5,131 restricted stock units (RSUs) of IAC Inc.
- These RSUs vest in equal installments on June 11, 2025, June 11, 2026, and June 11, 2027, contingent upon continued service.
- Following the transaction, Eisner directly owns 5,131 shares underlying the restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock unit grants.
Future Outlook
The restricted stock units vest over a three-year period, incentivizing continued service by the director.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders in their own company's stock.
Stakeholder Impact
- The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of transaction: Acquisition of restricted stock units. |
| 06/11/2025 | First vesting date for restricted stock units. |
| 06/11/2026 | Second vesting date for restricted stock units. |
| 06/11/2027 | Third vesting date for restricted stock units. |
| 06/13/2024 | Date of Form 4 filing. |
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