Company: ACIW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000935036-25-000031
Chunk: 34

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 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(70,491)17.89 Outstanding as of September 30, 2025468,779 $18.76 0.77$15,943,564 Exercisable as of September 30, 2025468,779 $18.76 0.77$15,943,564 The total intrinsic value of stock options exercised during the nine months ended September 30, 2025 and 2024, was $2.3 million and $2.4 million, respectively. There were no stock options granted during the nine months ended September 30, 2025 or 2024.Performance Share AwardsDuring the nine months ended September 30, 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 Granted459,741 59.78 Vested(507,754)42.99 Forfeited(60,698)42.65 Change in payout rate253,877 42.99 Nonvested as of September 30, 20251,097,647 $43.37 During the nine months ended September 30, 2025, a total of 507,754