Form 4: Michael Eisner Reports Changes in IAC Inc. Beneficial Ownership
SEC Form 4 Filing
Michael Eisner, a director of IAC Inc., reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On June 15, 2024, Michael Eisner, a director of IAC Inc., reported changes in his beneficial ownership of the company's securities.
- He acquired 1,325 shares of IAC common stock upon the vesting of restricted stock units.
- These restricted stock units vest in equal installments on June 15 of 2024, 2025, and 2026, contingent upon continued service.
- Following the transaction, Eisner directly owns 163,330 shares of IAC common stock, including shares held personally or through a trust, and 40,555 shares indirectly through a trust.
- He also holds 2,652 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock ownership changes, with no inherent positive or negative sentiment.
Future Outlook
The reporting person will continue to receive shares as the restricted stock units vest in equal installments on June 15, 2025, and June 15, 2026, subject to continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
- It has a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of transaction: Vesting of restricted stock units and acquisition of common stock. |
| 06/15/2024 | Restricted stock units vest in equal installments. |
| 06/15/2025 | Next vesting date for restricted stock units. |
| 06/15/2026 | Final vesting date for restricted stock units. |
| 06/18/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.