Form 4: Jack Henry & Associates Director Matthew Flanigan Awarded Restricted Stock Units

Director Matthew Flanigan of Jack Henry & Associates was granted 1,159 restricted stock units on November 15, 2024, which will vest on the earlier of the day before the 2025 Annual Meeting or the first anniversary of the grant date.

Summary

• Matthew Flanigan, a director at Jack Henry & Associates, received 1,159 restricted stock units on November 15, 2024.
• These restricted stock units represent a contingent right to receive one share of JKHY common stock or the cash equivalent.
• The units will vest in full on the earlier of the day before the company's 2025 Annual Meeting of Stockholders or the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule provides an incentive for continued service and contribution to the company.

Future Outlook

The restricted stock units will vest on the earlier of the day before the 2025 Annual Meeting or the first anniversary of the grant date.

Industry Context

This type of equity grant is a common practice for compensating directors and aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Equity grants, such as restricted stock units, are a standard component of director compensation packages across the technology and financial services industries.
• Companies like Fiserv (FISV) and Fidelity National Information Services (FIS) also use similar equity-based compensation to incentivize their directors.
• The size of the grant is typical for a director at a company of Jack Henry's size and market capitalization.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages the director's continued service and contribution to the company.

Key Dates

Keywords

restricted stock units, stock grant, director compensation, insider transaction, equity compensation, JKHY, Jack Henry & Associates