Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 6

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 1A
Chunk 6
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ITEM 1A. RISK FACTORS

There have been no material changes to the risk factors disclosed in Item 1A of our Form 10-K for the fiscal year ended December 31, 2024. Additional risks and uncertainties, including risks and uncertainties not presently known to us, or that we currently deem immaterial, could also have an adverse effect on our business, financial condition and/or results of operations.

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 March 31, 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 ProgramJanuary 1, 2025 through January 31, 2025— $— — February 1, 2025 through February 28, 202531,143 (1)52.36 — March 1, 2025 through March 31, 2025362,565 (1)54.74 264,936 Total393,708 $358,120,000 

(1)Pursuant to our 2020 Equity and Performance Incentive Plan, we granted RSUs. Under each arrangement, shares are issued without direct cost to the employee. During the three months ended March 31, 2025, 362,138 shares of RSUs vested. We withheld 128,772 of these RSUs to pay the employees’ portion of the applicable minimum payroll withholding taxes.

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 March 31, 2025, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $358.1 million.

There is no guarantee as to the exact number of shares we will repurchase. Repurchased shares are returned to the status of