Form 4: Michael Eisner Reports Changes in Beneficial Ownership of IAC Inc. Shares

Michael Eisner, a director of IAC Inc., reports the vesting of restricted stock units and subsequent acquisition of common stock.

Summary

• On June 23, 2024, Michael Eisner, a director of IAC Inc., acquired 1,034 shares of IAC common stock upon the vesting of restricted stock units.
• The restricted stock units vested in equal installments on June 23, 2023, June 23, 2024, and will vest on June 23, 2025, subject to continued service.
• Following the transaction, Eisner directly owns 164,364 shares of IAC common stock, which includes 162,406 shares held directly and 1,958 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• Eisner also indirectly owns 40,555 shares through a trust where he serves as trustee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.

Future Outlook

The remaining restricted stock units will vest on June 23, 2025, subject to continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction increases Michael Eisner's stake in IAC Inc., aligning his interests with those of other shareholders.

Key Dates