Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 67

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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0 17,721 Thereafter— 67,168 Total$83,738 $160,716 

13

5. Stock-Based Compensation Plans 

Employee Stock Purchase PlanShares issued under the 2017 Employee Stock Purchase Plan during the three months ended March 31, 2025 and 2024, totaled 17,412 and 27,550, respectively.Stock OptionsA summary of stock option activity is as follows:Number ofSharesWeighted AverageExercise Price ($)Weighted AverageRemaining ContractualTerm (Years)Aggregate Intrinsic Valueof In-the-MoneyOptions ($)Outstanding as of December 31, 2024539,270 $18.65 Exercised(32,518)17.89 Outstanding as of March 31, 2025506,752 $18.69 1.25$18,251,161 Exercisable as of March 31, 2025506,752 $18.69 1.25$18,251,161 The total intrinsic value of stock options exercised during the three months ended March 31, 2025 and 2024, was $1.2 million and $0.3 million, respectively. There were no stock options granted during the three months ended March 31, 2025 or 2024.Performance Share AwardsDuring the three months ended March 31, 2025, pursuant to the Company's 2020 Equity and Incentive Compensation Plan, the Company granted performance share awards with a total shareholder return component ("TSRs"). These performance share awards are earned, if at all, based upon achievement, over a specified period that must not be less than one year and is typically a three-year performance period. The awards have operating performance goals that include (i)  adjusted EBITDA metrics and (ii) revenue growth rates as determined by the Company with a TSR multiplier up to plus or minus 20%. Up to 200% of the performance shares could be earned upon achievement of the performance goals, including the multiplier. On a quarterly basis, management evaluates the probability that the threshold performance goals will be achieved, if at all, and the anticipated level of attainment to determine the amount of compensation expense to record in the consolidated financial statements.A summary of nonvested TSRs is as follows:Number ofSharesWeighted AverageGrant Date Fair ValueNonvested as of December 31, 2024952,481 $35.21 Granted