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Fidelity National Information Services, Inc.·4

Mar 9, 8:06 PM ET

Ferris Stephanie 4

Research Summary

AI-generated summary

Updated

FIS CEO Stephanie Ferris Receives Awards and Exercises Equity

What Happened

  • Stephanie Ferris, CEO and President of Fidelity National Information Services (FIS), had performance- and restricted-equity awards vest/convert on Feb 28, 2026. Gross issuances/conversions totaled 239,713 shares. To satisfy tax withholding obligations, 41,393 shares were withheld (disposed) at $51.05 per share, producing approximately $2,113,113 in withholding. The transactions are routine equity vesting/conversions rather than open-market purchases or discretionary sales.

Key Details

  • Transaction date: February 28, 2026. Filing date: March 9, 2026 (filed 9 days after the transactions).
  • Gross shares issued/converted: 239,713 (aggregated from multiple award vestings/conversions).
  • Shares withheld for taxes (disposed): 41,393 shares at $51.05 / share; total withheld value ≈ $2,113,113.
    • Breakdown of withheld share counts in the filing: 10,475; 8,694; 9,959; 12,265.
  • Net new shares to Ferris after withholding: ~198,320 shares (239,713 gross − 41,393 withheld).
  • Notable footnotes:
    • F1: These shares vested upon satisfaction of time and performance conditions for PSUs granted Feb 28, 2023 (3‑year performance period ended Dec 31, 2025).
    • F2/F3: The listed disposals reflect shares withheld to satisfy tax withholding.
    • F4–F6: Restricted stock units (RSUs) represent rights to one share each; some RSUs vested in full, others vest in annual installments per the footnotes.
  • Filing timeliness: The Form 4 was filed more than a week after the Feb 28 transactions (appears late relative to the usual 2-business-day Form 4 requirement).

Context

  • These transactions reflect company equity awards vesting and the typical cashless withholding of shares to cover tax obligations. This is a routine, non‑open‑market event and does not by itself signal a purchase or sale decision by the insider.
  • For derivative-related entries: the filing shows exercises/conversions of performance/restricted units into common stock, with shares subsequently withheld to meet tax liabilities (a common practice).