Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 68

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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459,741 59.78 Forfeited(19,415)39.54 Nonvested as of March 31, 20251,392,807 $43.26 The fair value of TSRs granted during the three months ended March 31, 2025 and 2024, were estimated on the date of grant using the Monte Carlo simulation model, acceptable under ASC 718, Compensation - Stock Compensation, using the following weighted average assumptions:Three Months Ended March 31,20252024Expected life (years)2.32.7Risk-free interest rate4.0 %4.4 %Expected volatility33.2 %36.8 %Expected dividend yield— — 

14

Restricted Share UnitsA summary of nonvested restricted share unit awards ("RSUs") is as follows:Number ofSharesWeighted AverageGrant Date Fair ValueNonvested as of December 31, 20241,727,524 $29.95 Granted869,699 53.70 Vested(362,138)30.29 Forfeited(54,138)34.87 Nonvested as of March 31, 20252,180,947 $39.24 During the three months ended March 31, 2025, a total of 362,138 RSUs vested. The Company withheld 128,772 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.As of March 31, 2025, there was unrecognized compensation expense of $80.3 million related to RSUs and $37.9 million related to TSRs, which the Company expects to recognize over a weighted average period of 2.4 years and 1.9 years, respectively.

The Company recorded stock-based compensation expense recognized under ASC 718 for the three months ended March 31, 2025 and 2024, of $11.6 million and $8.1 million, respectively, with corresponding tax benefits of $1.8 million and $1.4 million, respectively. 

6. Common Stock and Treasury Stock 

In 2005, the board approved a stock repurchase program authorizing the Company, as market and business conditions warrant, to acquire its common stock and periodically authorize additional funds for the program. In June 2024, the board approved the repurchase of the Company's common stock of up to $400.0 million, in place of the remaining purchase