CFO Scott W Behrens sold 60,749 shares of ACIW at $55.69 for $3,382,966.01 on 2024-12-11
CFO Scott W Behrens executed a substantial open-market sale of 60,749 shares at $55.69, reducing his holdings by 11.1% and generating $3,382,966.01 in proceeds. The stock currently trades at $54.01, down 8.8% from the 52-week high of $59.20, indicating the sale occurred near elevated price levels. Behrens' prior sale at ACIW on 2023-12-01 produced a 90-day return of +22.2%, meaning the stock rose after that prior sale—a signal of poorly-timed selling. This current transaction, absent any scheduled-plan disclosure, occurs against a backdrop of company fundamentals showing modest growth (revenue +2.2% year-over-year, P/E 24.89) and the insider's own mixed cross-ticker selling record (0% well-timed rate across prior sells), suggesting the transaction should be evaluated on price context and broader market conditions rather than as a timed market call.