Form 4: Jack Henry & Associates CFO Mimi Carsley Reports Stock Transactions
SEC Form 4
Mimi Carsley, CFO and Treasurer of Jack Henry & Associates, reports the vesting and disposal of restricted stock units and common stock transactions on August 4, 2024.
Summary
- On August 4, 2024, Mimi Carsley, CFO and Treasurer of Jack Henry & Associates, reported transactions involving common stock and restricted stock units.
- Carsley disposed of 198 shares of common stock at a price of $170.21 to cover tax obligations.
- She also acquired 609 shares of common stock upon the vesting of restricted stock units.
- Additionally, Carsley acquired 1,203 vested restricted stock units that will be settled upon termination of employment or on specified future dates.
- She was also granted 4,386 restricted stock units that will vest in three equal annual installments beginning August 4, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of restricted stock units indicates continued employment and contribution to the company by the CFO.
Future Outlook
The reporting person will continue to receive restricted stock units vesting annually through 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's ongoing compensation and ownership stake in the company.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a way to align management's interests with those of shareholders.
- Vesting schedules are typical, often spanning several years to incentivize long-term performance.
- The disposal of shares to cover tax obligations is a common practice among executives receiving equity compensation.
Stakeholder Impact
- Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/04/2022 | Reporting person was granted restricted stock units, vesting in three equal annual installments on August 4, 2023, 2024 and 2025. |
| 08/04/2023 | Reporting person was granted restricted stock units, vesting in three equal annual installments on August 4, 2024, 2025 and 2026. |
| 08/04/2024 | Date of transactions including vesting of restricted stock units, disposal of shares for tax obligations, and grant of new restricted stock units. |
| 08/04/2025 | Next vesting date for restricted stock units granted on August 4, 2024. |
| 08/06/2024 | Date of Form 4 filing. |
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