Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 11

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 2
Chunk 11
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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

The following table provides information regarding our repurchases of common stock during the three months ended June 30, 2025:PeriodTotal Number ofShares PurchasedAverage PricePaid per ShareTotal Number of SharesPurchased as Part ofPublicly Announced ProgramApproximate Dollar Value ofShares that May Yet BePurchased Under the ProgramApril 1, 2025 through April 30, 2025899,556 (1)$52.09 726,360 May 1, 2025 through May 31, 20251,266,817 (1)47.69 1,237,236 June 1, 2025 through June 30, 2025543,950 (1)46.42 485,267 Total2,710,323 $223,464,000 

(1)Pursuant to our 2020 Equity and Performance Incentive Plan, we granted TSRs and RSUs. Under each arrangement, shares are issued without direct cost to the employee. During the three months ended June 30, 2025, 819,650 shares of TSRs and RSUs vested. We withheld 261,460 of those shares to pay the employees’ portion of the applicable minimum payroll withholding.

In 2005, the board approved a stock repurchase program authorizing us, as market and business conditions warrant, to acquire our common stock and periodically authorizes additional funds for the program, with the intention of using existing cash and cash equivalents to fund these repurchases. 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 amounts previously authorized. As of June 30, 2025, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $223.5 million.

There is no guarantee as to the exact number of shares we will repurchase. Repurchased shares are returned to the status of authorized but unissued shares of common stock. In March 2005, the board approved a plan under Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate the repurchase of shares of common stock under the existing stock repurchase program. Under our Rule 10b5-1 plan,