Ferris Stephanie 4/A
Research Summary
AI-generated summary
FIS CEO Stephanie Ferris Sells 12,265 Shares (Tax Withholding)
What Happened
Stephanie Ferris, CEO and President of Fidelity National Information Services (ticker: FIS), had 12,265 shares disposed on February 28, 2026 through payment of an exercise price or tax liability (transaction code F). The shares were valued at $51.05 each, for a total of approximately $626,128. This was a tax-withholding disposition (shares surrendered to cover taxes), not an open-market sale.
Key Details
- Transaction date and price: Feb 28, 2026 — 12,265 shares at $51.05 per share (total ~$626,128).
- Shares owned after transaction (per this amended Form 4): 264,212 shares beneficially owned.
- Filing status: This is an amended Form 4 (filed Mar 30, 2026) correcting an administrative error in the reported number of shares beneficially owned on an earlier Form 4. The original Form 4 (filed Mar 9, 2026) misreported ownership as 261,972; this amendment reports 264,212. A subsequent Form 4 referenced should have reported 284,058.
- Transaction code F indicates shares were withheld to satisfy tax obligations (common with option exercises or vested awards).
Context
Code F transactions are typically tax-withholding actions tied to option exercises or vesting of restricted shares and do not necessarily reflect a CEO choosing to sell shares for personal liquidity. The amendment corrects reporting of beneficial ownership and does not change the basic nature or economics of the withholding transaction.