Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 35

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 35
---
 2024952,481 $35.21 During the year ended December 31, 2024, the TSRs granted in 2021 were earned by the employees. However, the performance goals were not met and no shares were issued.

69

The fair value of TSRs granted during the years ended December 31, 2024, 2023, and 2022, were estimated on the date of grant using the Monte Carlo simulation model, acceptable under ASC 718, using the following weighted-average assumptions: Years Ended December 31, 202420232022Expected life (years)2.72.93.1Risk-free interest rate4.4 %3.6 %1.5 %Volatility36.8 %37.1 %40.0 %Expected dividend yield— — — Restricted Share UnitsDuring the years ended December 31, 2024, 2023, and 2022, pursuant to the 2020 Plan, the Company granted restricted share unit awards (“RSUs”). RSUs generally have requisite service periods of three years and may vest 100% upon the three-year anniversary or in equal increments quarterly or annually. RSUs granted to the board vest one year from grant or as of the next annual shareholders meeting, whichever is earlier. Under each arrangement, RSUs are issued without direct cost to the recipient on the vesting date. The Company estimates the fair value of the RSUs based upon the market price of the Company’s stock on the date of grant. The Company recognizes compensation expense for RSUs on a straight-line basis over the requisite service period.A summary of nonvested RSUs is as follows:Number ofSharesWeighted AverageGrant Date Fair ValueNonvested as of December 31, 20231,574,883 $26.81 Granted1,348,681 32.46 Vested(1,020,408)28.68 Forfeited(175,632)28.47 Nonvested as of December 31, 20241,727,524 $29.95 During the year ended December 31, 2024, a total of 1,020,408 RSUs vested. The Company withheld 320,009 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.As of December 31, 2024, there was unrecognized compensation expense of $43.1 million related to RS