Warsop Thomas W III 4
Research Summary
AI-generated summary
ACI Worldwide CEO Warsop Receives Award, Sells Shares
What Happened
Thomas W. Warsop III, President, CEO and a director of ACI Worldwide (ACIW), was awarded 176,755 performance shares on 2026-04-13 and immediately surrendered 69,552 of those shares to the issuer to cover tax withholding. The surrendered shares were valued at $41.24 each for a total of $2,868,324. The performance shares were reported as granted at $0.00 (standard for awards).
Key Details
- Transaction date: 2026-04-13; Form 4 filed: 2026-04-15 (appears timely).
- Award: 176,755 performance shares granted (reported at $0.00).
- Disposition (tax withholding): 69,552 shares surrendered at $41.24 each; total value $2,868,324. (Disposition code D; award code A)
- Net shares retained from the grant: 176,755 − 69,552 = 107,203 shares added to holdings (shares owned after transaction not shown in the provided extract).
- Footnotes: F1 — shares granted under the 2020 Equity and Performance Incentive Plan and earned for performance over May 11, 2023–Feb 28, 2026; F2 — shares surrendered to cover tax liability upon vesting (tax withholding).
Context
This filing reflects a typical equity award vesting with shares withheld to satisfy tax obligations (a tax-withholding disposition), not an open-market sale. Such withholding transactions are common and do not necessarily indicate insider sentiment about the company’s stock.