Form 4: Michael Eisner Reports Changes in Beneficial Ownership of IAC Inc. Shares
SEC Form 4 Filing
Michael Eisner, a director of IAC Inc., reports the vesting of restricted stock units and subsequent acquisition of IAC common stock.
Summary
- On May 14, 2024, Michael Eisner, a director of IAC Inc., acquired 549 shares of IAC common stock due to the vesting of restricted stock units.
- These restricted stock units vested in equal installments on May 14, 2022, 2023, and 2024, contingent upon continued service.
- Following the transaction, Eisner directly owns 162,005 shares of IAC common stock, including shares held personally or through a trust, and 40,555 shares indirectly through a trust.
- He also has 1,958 share units accrued under the Non-Employee Director Deferred Compensation Plan.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (vesting of stock units) and provides transparency regarding insider ownership, which is generally viewed neutrally to slightly positively.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/14/2022 | First 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 acquisition of common stock. |
| 05/15/2024 | Date of signature of the report. |
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