8-KOther Events

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (May 14, 2021)

Filed May 14, 2021For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on May 14, 2021, to disclose that its Chief Financial Officer, Woody Woodall, has established a Rule 10b5-1 trading plan to sell up to 98,613 shares of company stock. This plan allows for the orderly exercise of stock options and subsequent sale of shares over time, subject to pre-determined criteria such as minimum price levels, and is designed to minimize market impact and avoid any perception of insider trading. Investors should note that this plan was adopted when Mr. Woodall was not in possession of material non-public information. The transactions will be transparently reported via Form 144 and Form 4 filings. The company emphasizes that upon completion of these transactions, Mr. Woodall will continue to meet FIS's stock ownership guidelines for executive officers, indicating his ongoing commitment to the company. This disclosure primarily concerns executive compensation and personal financial planning rather than operational or strategic changes within FIS.

Key Highlights

  • 1CFO Woody Woodall has initiated a Rule 10b5-1 trading plan to sell up to 98,613 FIS shares.
  • 2The plan allows for the orderly exercise of stock options and subsequent sale of shares.
  • 3Sales are subject to pre-defined criteria, including minimum price levels, and will occur over time in 2021.
  • 4The plan is designed to facilitate personal financial planning and avoid concerns about insider trading.
  • 5Transactions will be conducted without Mr. Woodall's discretion and will be publicly disclosed via Form 144 and Form 4 filings.
  • 6Mr. Woodall will remain in compliance with FIS's 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 for personal financial planning purposes in an orderly and transparent manner, without trading on material non-public information.

No, this disclosure is primarily about executive compensation and personal financial planning. Rule 10b5-1 plans are established when executives are not in possession of material non-public information and are designed to prevent any perception of insider trading. The company also stated that Mr. Woodall will continue to comply with stock ownership guidelines after the sales.

The plan permits the exercise of up to 98,613 stock options and the immediate sale of the underlying shares. The transactions may take place from time to time during 2021, subject to specific plan criteria such as minimum price levels.

Yes, all transactions under the Rule 10b5-1 trading plan will be disclosed through Form 144 and Form 4 filings with the Securities and Exchange Commission, ensuring transparency for investors.