Form 4: Jack Henry & Associates COO Reports Stock Transactions
SEC Form 4 Filing
Shanon G. McLachlan, COO of Jack Henry & Associates, reported the acquisition of 96 shares and the disposal of 36 shares of common stock on January 1, 2025.
Summary
- Shanon G. McLachlan, the Chief Operating Officer of Jack Henry & Associates, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On January 1, 2025, McLachlan acquired 96 shares of common stock through the vesting of performance stock units.
- Also on January 1, 2025, McLachlan disposed of 36 shares of common stock at a price of $175.3 per share.
- Following these transactions, McLachlan directly owns 987 shares of common stock and 173 vested performance shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of stock transactions by a company executive, and does not indicate any positive or negative sentiment.
Future Outlook
The reporting person has elected to defer a number of performance stock units, which have fully vested and will become payable, in cash or common stock, at the Issuer's option, upon the reporting person's termination of employment or on specified future dates, pursuant to the reporting person's deferral elections.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
- Similar filings are made by executives at comparable companies such as Fiserv (FISV) and Fidelity National Information Services (FIS), reflecting their stock transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of stock acquisition and disposal by the COO. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, beneficial ownership, JKHY, Jack Henry & Associates, performance stock units, COO, Shanon G. McLachlan
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