Springfield, MO

Jack Henry’s top execs trade 137K shares

Posted online

Jack Henry & Associates’ (Nasdaq: JKHY) top officers recently bought or sold nearly 137,000 company shares, according to U.S. Securities and Exchange Commission filings.

Executive Chairman Jack Prim led the transactions, followed by CEO David Foss, Chief Financial Officer Kevin Williams, Chief Technology Officer Mark Forbis and General Counsel Craig Morgan. The trades completed Sept. 10 were disclosed to the SEC on Sept. 12.

Prim said via email the trades were related to long-term incentive compensation. The LTI is based on shareholder return over a three-year period compared with a peer group of around 20 companies that are similar in size and/or in the same industry, he said.

“The executive officers, especially if they have been with JHA for a long time, as we all have, have a significant amount of their net worth tied up in JHA stock,” Prim said. “The LTI grants are taxed as ordinary income, so typically we sell enough shares to cover the tax bite and retain the rest.”

The transactions, according to SEC filings, were at a set price of $101.97 a share and comprised:
    •    Prim purchasing 53,450 shares for $5.45 million, and selling 25,630 shares, equating to $2.6 million;
    •    Foss acquiring 18,806 shares for an investment of $1.9 million and disposing of 7,866 shares, totaling $812,293;
    •    Williams buying 14,847 shares, equating to $1.5 million, and selling 7,120 shares to net $726,026;
    •    Forbis buying up 6,036 shares for an investment of $615,491, and selling 2,985 shares for $295,203; and
    •    Morgan disposing of 125 shares worth $12,746.

Monett-based financial industry software firm Jack Henry recently posted fiscal 2017 revenue of $1.4 billion, a 6 percent increase, and net income of $245.8 million, a 1.2 percent dip.

JKHY shares were trading at $101.39 as of 8:41 a.m., compared with a 52-week range of $79 to $109.67.


No comments on this story |
Please log in to add your comment
Editors' Pick

Robotics in Waiting: OTC seeks pole position as advanced manufacturing educator

The move would come with a new property tax levied on residents of regional school districts.

Most Read
SBJ Live logo
Training Bootcamp: Training Needs Assessment

All workplace problems have root causes. When will training be the solution? Sherry Coker, OTC Center for Workforce Development business development director, provides you the framework of a training needs assessment, which will uncover the root causes of a workplace problem and help you determine if training is the solution. A download is available at with a complete outline for an effective training needs assessment. This is sponsored content. Duration: 2:29

Don’t Micro-Manage Are you guilty of micromanaging your employees? “If we’re going to require them to be that educated when they come to work for us, should we not let them do their job? They should know so much …
Seek Wisdom from Many “My whole life goal is to change the world, one connection at a time,” says Keisha Mabry. Mabry, who is an author, speaker, and social entrepreneur, says she had a “quarter-life crisis” and …
DNA Uncovers Best Version of You A simple swab of the inside of your cheek can lead to optimizing your nutrition and fitness program, personal medication profile, in addition to your ancestry. According to Austin O’Reilly, owner …
Booked - Go Back to the Basics “You’ve gotta go back to the basics,” says Larry Peterson, Executive Director, Habitat for Humanity of Springfield Missouri. Peterson says he gains leadership advice from General Ulysses S. …