Warsop Thomas W III 4
Research Summary
AI-generated summary
ACI Worldwide (ACIW) CEO Thomas W. Warsop III Sells Shares
What Happened
- Thomas W. Warsop III, President, CEO and a director of ACI Worldwide, disposed of 21,030 shares of ACIW on March 4, 2026 via disposition-to-issuer transactions (withholding). The sales were 12,268 shares and 8,762 shares at $42.44 per share, totaling approximately $520,654 and $371,859 respectively (combined ≈ $892,513). These dispositions represent shares surrendered to satisfy tax withholding obligations tied to vested restricted stock units (RSUs), not an open-market sale for investment purposes.
Key Details
- Transaction date: March 4, 2026. Filing date: March 6, 2026 (Form 4).
- Price per share: $42.44.
- Shares disposed: 12,268 and 8,762 (total 21,030).
- Total proceeds/withheld value: ≈ $892,513 (amounts shown reflect shares surrendered to the issuer for tax withholding).
- Relevant footnotes:
- F1: 12,268 shares surrendered to pay taxes on vesting of 31,048 RSUs (one-third of grant dated Mar 4, 2024).
- F3: 8,762 shares surrendered to pay taxes on vesting of 22,269 RSUs (one-third of grant dated Mar 4, 2025).
- F2: The reporting of owned securities was updated to include 508 shares from the company ESPP.
- Shares owned after the transaction: not specified in the summary data provided beyond the ESPP update.
- Transaction codes: D = disposition to issuer; F = tax withholding.
Context
- These were tax-withholding dispositions tied to RSU vesting (common, administrative actions) rather than discretionary open-market sales; they typically do not indicate a change in the insider’s view of the company. The Form 4 was filed two days after the transactions, which is within the usual two-business-day reporting window.