Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 117

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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Not applicable.

ITEM 5. OTHER INFORMATION

Rule 10b5-1 Plans 

None of the Company’s directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the three months ended June 30, 2025.

Approval of New Forms of Equity Awards 

On August 1, 2025, the Company’s board of directors (the “Board”) approved a (i) new form restricted share unit (“RSU”) award agreement for members of the Company’s executive leadership team (the “ELT RSU Award Agreement”), and (ii) a new form performance share award (“PSA”) agreement for members of the Company’s executive leadership team (the “ELT PSA Award Agreement,” and together with the ELT RSU Award agreement, the “Award Agreements”). The Award Agreements were revised from the existing form award agreements to change the definition of retirement used therein and to provide that the retirement treatment for such awards only applies if such retirement occurs at least six months following the grant date of the award. “Retirement,” as revised in the Award Agreements, means any termination of the executive’s employment (other than for cause), if, at the time of such termination, (a) the executive has at least 10 years of continuous employment with the Company and (b) the individual’s age plus years of continuous employment is equal to or greater than 70 (the “Retirement Provision”). In addition, the Award Agreements require the executive to timely execute (and not revoke) a release agreement containing restrictive covenants upon such retirement. In the event of a qualified retirement under the terms of the new award agreements, the RSUs would vest in full and the PSAs would vest on a pro-rata basis based on actual performance. 

The foregoing descriptions are qualified in their entirety by reference to the forms of ELT RSU Award Agreement and ELT PSA Award Agreement attached hereto as Exhibits 10.04 and 10.03, respectively.

Adoption of Omnibus Amendment

On August 1, 2025, the Board approved an omnibus amendment (the “Omnibus Amendment”), which amends all outstanding RSUs and PSAs held by Scott Behrens to include the Retirement Provision. The Omnibus Amendment provides that the RSUs granted to Mr. Behrens in 2023 and 2024 will be settled no later than March 15,