8-KOther Events

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (Dec 20, 2017)

Filed December 20, 2017For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced that its Chief Financial Officer, Woody Woodall, has established a Rule 10b5-1 trading plan to sell up to 174,389 shares of FIS common stock over the course of 2018. This plan is designed for orderly stock option exercise and sale, aiming to minimize market impact and avoid any appearance of insider trading. Mr. Woodall will have no control over the timing or execution of sales under this pre-arranged plan, which adheres to SEC regulations and is implemented while he is not in possession of material non-public information. This action is primarily for personal financial planning and diversification purposes. Investors should note that the sales are subject to specific price criteria and will be publicly disclosed via Form 144 and Form 4 filings. The company also confirmed that following these transactions, Mr. Woodall will remain in compliance with FIS' stock ownership guidelines for executive officers. This disclosure provides transparency regarding executive stock transactions and should not be interpreted as a negative signal about the company's future prospects.

Key Highlights

  • 1CFO Woody Woodall has implemented a Rule 10b5-1 trading plan to sell up to 174,389 shares of FIS common stock.
  • 2The plan allows for the orderly exercise of stock options and sale of underlying shares over time in 2018.
  • 3Transactions are pre-arranged and executed without the CFO's discretion, mitigating insider trading concerns.
  • 4The plan is part of personal financial planning and diversification, not an indicator of negative company outlook.
  • 5Sales are subject to certain price minimums and will occur over the course of 2018.
  • 6All trades will be publicly disclosed through Form 144 and Form 4 filings.
  • 7Mr. Woodall will continue to meet FIS' executive stock ownership guidelines after the plan's completion.

Frequently Asked Questions

The CFO, Woody Woodall, is selling stock as part of a pre-arranged Rule 10b5-1 trading plan. This plan is a common tool for executives to diversify their personal investment portfolios and manage stock options in an orderly fashion over time, without concerns about possessing material non-public information at the time of the trades.

No, this sale is generally not considered a negative signal. Rule 10b5-1 plans are designed to allow executives to trade shares predictably for personal financial planning, separate from any inside knowledge. The plan ensures sales occur under predetermined conditions and will be transparently disclosed, while the executive remains compliant with ownership guidelines.

The sales are planned to take place from time to time throughout 2018, subject to certain price criteria. All transactions will be reported to the Securities and Exchange Commission via Form 144 and Form 4 filings, which are publicly accessible.

No, the plan allows for the sale of up to 174,389 shares derived from stock options. After these transactions are complete, Mr. Woodall is expected to remain in compliance with FIS' stock ownership guidelines for executive officers, indicating he will retain a significant stake in the company.