Troy Rudd - Aug 15, 2023 Form 4 Insider Report for AECOM (ACM)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
Matt Benson, Attorney-in-Fact for Troy Rudd
Stock symbol
ACM
Transactions as of
Aug 15, 2023
Transactions value $
-$6,720,360
Form type
4
Date filed
8/17/2023, 05:06 PM
Previous filing
Dec 19, 2022
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACM Common Stock Options Exercise $0 +49.1K +26.78% $0.00 232K Aug 15, 2023 Direct F1
transaction ACM Common Stock Options Exercise $2.06M +53.1K +22.86% $38.72 285K Aug 15, 2023 Direct F2
transaction ACM Common Stock Tax liability -$1.88M -21.4K -7.49% $87.88 264K Aug 15, 2023 Direct F3
transaction ACM Common Stock Sale -$5.72M -64.8K -24.54% $88.22 199K Aug 15, 2023 Direct F4
transaction ACM Common Stock Sale -$1.18M -13.3K -6.68% $88.89 186K Aug 15, 2023 Direct F5
transaction ACM Common Stock Gift $0 -800 -0.43% $0.00 185K Dec 22, 2022 Direct
holding ACM Common Stock 1.27K Aug 15, 2023 by Merrill Lynch under AECOM Retirement & Savings Plan (RSP)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACM Restricted Stock Units Options Exercise $0 -49.1K -100% $0.00* 0 Aug 15, 2023 Common Stock 49.1K Direct F1
transaction ACM Employee Stock Option Options Exercise $0 -53.1K -33.33% $0.00 106K Aug 15, 2023 Common Stock 53.1K $38.72 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each restricted stock unit represented a contingent right to receive, upon vesting, one share of the Issuer's common stock. On August 15, 2023, the restricted stock units vested and were settled for an equal number of shares of the Issuer's common stock.
F2 Represents the exercise of a stock option that was exercisable in equal tranches subject to (A) Mr. Rudd's continued employment with the Issuer through the first, second, third, fourth and fifth anniversaries of the 8/15/2020 option grant date, and (B) the volume-weighted average prices of AECOM's common stock on the New York Stock Exchange during any consecutive 20 trading day period exceeding certain price hurdles. The exercise of the stock options reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2023.
F3 Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations in connection with the vesting of the restricted stock units.
F4 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $87.74 to $88.73 the majority of which were sold to satisfy the option exercise price and related taxes. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the range noted in this footnote. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2023.
F5 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $88.74 to $89.42 the majority of which were sold to satisfy the option exercise price and related taxes. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the range noted in this footnote. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2023.