Bhathena Firdaus 4

What Happened

• Bhathena Firdaus, Chief Product Technology Officer at Fidelity National Information Services (FIS), had restricted stock units (RSUs) vest on Feb 28, 2026 and converted those awards into shares. The filing shows an award/acquisition of 39,246 RSUs (derivative), with related conversions/exercises of derivative awards.
• To satisfy withholding tax obligations, 5,547 shares were surrendered (reported as “payment of exercise price or tax liability”) at an implied value of $51.05 per share, producing proceeds/value of $122,673 and $160,501 on two withholding entries (total ≈ $283,174). These were withholding/surrendered shares, not open‑market sales.

Key Details

• Transaction date: 2026-02-28 (reported on Form 4 filed 2026-03-09).
• Award/Grant: 39,246 restricted stock units acquired (derivative) at $0 per share (vesting event).
• Tax withholding: 2,403 shares (≈ $122,673) and 3,144 shares (≈ $160,501) withheld at $51.05/share; total 5,547 shares withheld (~$283,174).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 = shares used to satisfy withholding tax on RSU vesting; F2 = each RSU = right to one share; F3 = RSUs vest in three equal annual installments starting on each anniversary.
• Filing timeliness: Form 4 was filed 9 days after the transaction date (filed March 9 for a Feb 28 event) — this is a late filing, which delays public disclosure.

Context

• This activity reflects an award vesting and tax withholding (routine compensation event), not an open‑market purchase or investment sale. The withholding was done via share surrender to cover taxes (code F), not an open‑market disposal.
• RSU vesting and related withholding are common for executives and do not by themselves indicate a change in insider sentiment about the company.