Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | ACI WORLDWIDE, INC. |
Entity Central Index Key | 0000935036 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 2 Months Ended | 10 Months Ended | 12 Months Ended | |||
Dec. 31, 2022 | Nov. 07, 2022 | Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | ||||||
Pay vs Performance [Table Text Block] | Pay Versus Performance Disclosure Pay Versus Performance Value of Initial Fixed $100 (5 ) Year (1 ) (a) Summary (2 ) (b) Compensation (3 ) (c) Summary (2 ) (d) Compensation (3 ) (e) Average Non-PEO (2 ) (h) Average Non-PEO (4 ) (i) Total Peer Group (6 ) (k) Net Income Company- (7 ) (m) 2022 $10,280,267 ($5,735,389 ) $577,608 $799,949 $2,450,602 $790,615 $61 $119 $142,177,000 $1,421,901,000 2021 $8,768,059 $2,003,203 $0 $0 $2,667,749 $1,273,508 $92 $130 $127,791,000 $1,370,598,000 2020 $7,001,341 $10,687,663 $0 $0 $2,241,571 $1,643,342 $101 $101 $72,660,000 $1,294,322,000 1. The Company’s principal executive officers (“PEOs”) for the applicable years were as follows: – 2020: Odilon Almeida served as the CEO from March 9, 2020 to December 31, 2020 (“PEO 1”). – 2021: Odilon Almeida served as the CEO for the entirety of 2021. – 2022: Odilon Almeida served as the CEO from January 1, 2022 to November 7, 2022; Thomas W. Warsop, III served The Company’s non-PEO – 2020: Scott W. Behrens, Dennis P. Byrnes, Evanthia Aretakis, Jeremy W. Wilmot, and Craig Saks. – 2021: Scott W. Behrens, Evanthia Aretakis, Dennis P. Byrnes, Jeremy M. Wilmot, and Ram K. Puppala. – 2022: Scott W. Behrens; Ram K. Puppala, Alessandro Silva, Deborah L. Guerra; Evanthia Aretakis, and Jeremy M. Wilmot. 2. Amounts reported in this column represent (i) the total compensation reported in the Summary applicable non-PEO non-PEO and non-PEO non-PEO 3. Amounts reported in this column represent the compensation actually paid to PEO 1 and PEO 2, based PEO 1 2020 2021 2022 Summary Compensation Table – Total Compensation (a) $7,001,341 $8,768,059 $10,280,267 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) ($6,200,006 ) ($7,249,979 ) ($7,499,989 ) + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) $9,886,328 $5,268,521 $516,852 +/- Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) $0 ($4,783,398 ) ($1,540,093 ) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) $0 $0 $383,070 +/- Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) $0 $0 ($429,451 ) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) $0 $0 ($7,446,046 ) = Compensation Actually Paid $10,687,663 $2,003,203 ($5,735,389 ) PEO 2 2020 2021 2022 Summary Compensation Table – Total Compensation (a) - - $577,608 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) - - $0 + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) - - $222,341 +/- Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) - - $0 + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) - - $0 +/- Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) - - $0 - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) - - $0 = Compensation Actually Paid - - $799,949 a) Represents “Total” compensation as reported in the Summary Compensation Table for the indicated fiscal year. b) Represents the aggregate grant date fair value of the stock awards and option awards granted to the officer during the indicated fiscal year, computed in accordance with FASB ASC 718. c) Represents the aggregate fair value as of the indicated fiscal year-end d) Represents the aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards and option awards held by the officer as of the last day of the indicated fiscal year (as compared to the last day of the preceding fiscal year), computed in accordance with FASB ASC 718 and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. e) Represents the aggregate fair value at vesting of the stock awards and option awards that were granted to the officer and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. f) Represents the aggregate change in fair value, measured from the prior fiscal year-end g) Represents the aggregate fair value as of the last day of the prior fiscal year of the officer’s stock awards and option awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with FASB ASC 718. 4. Amounts reported in this column represent the compensation actually paid to the NEOs other than the PEO in the indicated fiscal year, based on the average “Total” compensation for such NEOs reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below (with the numbers in the table below each representing average amounts for the applicable non-PEO Non-PEO NEOs 2020 2021 2022 Summary Compensation Table – Total Compensation (a) $2,241,571 $2,667,749 $2,450,602 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) ($1,669,991 ) ($1,545,208 ) ($1,658,331 ) + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) $1,843,117 $1,213,298 $846,128 +/- Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) ($13,493 ) ($726,968 ) ($344,896 ) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) $0 $0 $11,817 +/- Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) $34,993 ($335,364 ) ($227,309 ) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) ($792,854 ) $0 ($287,395 ) = Compensation Actually Paid $1,643,342 $1,273,508 $790,615 Please see footnote 1 for the non-PEO 5. Pursuant to rules of the SEC, the comparison assumes $100 was invested on December 31, 2019 in our common stock and in the index. Historic stock price performance is not necessarily indicative of future stock price performance. 6. The TSR peer group consists of the S&P MidCap 400 Index. 7. As noted in the CD&A, for 2022, the Compensation Committee determined that gross revenue was viewed as a core driver of the Company’s performance and stockholder value creation and, accordingly, was utilized as a component in our annual bonus program for the years 2020, 2021 and 2022. | |||||
Company Selected Measure Name | gross revenue | |||||
Named Executive Officers, Footnote [Text Block] | The Company’s non-PEO – 2020: Scott W. Behrens, Dennis P. Byrnes, Evanthia Aretakis, Jeremy W. Wilmot, and Craig Saks. – 2021: Scott W. Behrens, Evanthia Aretakis, Dennis P. Byrnes, Jeremy M. Wilmot, and Ram K. Puppala. – 2022: Scott W. Behrens; Ram K. Puppala, Alessandro Silva, Deborah L. Guerra; Evanthia Aretakis, and Jeremy M. Wilmot. | |||||
Peer Group Issuers, Footnote [Text Block] | 6. The TSR peer group consists of the S&P MidCap 400 Index. | |||||
Adjustment To PEO Compensation, Footnote [Text Block] | 2. Amounts reported in this column represent (i) the total compensation reported in the Summary applicable non-PEO non-PEO and non-PEO non-PEO 3. Amounts reported in this column represent the compensation actually paid to PEO 1 and PEO 2, based PEO 1 2020 2021 2022 Summary Compensation Table – Total Compensation (a) $7,001,341 $8,768,059 $10,280,267 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) ($6,200,006 ) ($7,249,979 ) ($7,499,989 ) + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) $9,886,328 $5,268,521 $516,852 +/- Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) $0 ($4,783,398 ) ($1,540,093 ) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) $0 $0 $383,070 +/- Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) $0 $0 ($429,451 ) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) $0 $0 ($7,446,046 ) = Compensation Actually Paid $10,687,663 $2,003,203 ($5,735,389 ) PEO 2 2020 2021 2022 Summary Compensation Table – Total Compensation (a) - - $577,608 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) - - $0 + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) - - $222,341 +/- Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) - - $0 + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) - - $0 +/- Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) - - $0 - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) - - $0 = Compensation Actually Paid - - $799,949 a) Represents “Total” compensation as reported in the Summary Compensation Table for the indicated fiscal year. b) Represents the aggregate grant date fair value of the stock awards and option awards granted to the officer during the indicated fiscal year, computed in accordance with FASB ASC 718. c) Represents the aggregate fair value as of the indicated fiscal year-end d) Represents the aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards and option awards held by the officer as of the last day of the indicated fiscal year (as compared to the last day of the preceding fiscal year), computed in accordance with FASB ASC 718 and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. e) Represents the aggregate fair value at vesting of the stock awards and option awards that were granted to the officer and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. f) Represents the aggregate change in fair value, measured from the prior fiscal year-end g) Represents the aggregate fair value as of the last day of the prior fiscal year of the officer’s stock awards and option awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with FASB ASC 718. | |||||
Non-PEO NEO Average Total Compensation Amount | $ 2,450,602 | $ 2,667,749 | $ 2,241,571 | |||
Non-PEO NEO Average Compensation Actually Paid Amount | $ 790,615 | 1,273,508 | 1,643,342 | |||
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | 4. Amounts reported in this column represent the compensation actually paid to the NEOs other than the PEO in the indicated fiscal year, based on the average “Total” compensation for such NEOs reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below (with the numbers in the table below each representing average amounts for the applicable non-PEO Non-PEO NEOs 2020 2021 2022 Summary Compensation Table – Total Compensation (a) $2,241,571 $2,667,749 $2,450,602 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) ($1,669,991 ) ($1,545,208 ) ($1,658,331 ) + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) $1,843,117 $1,213,298 $846,128 +/- Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) ($13,493 ) ($726,968 ) ($344,896 ) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) $0 $0 $11,817 +/- Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) $34,993 ($335,364 ) ($227,309 ) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) ($792,854 ) $0 ($287,395 ) = Compensation Actually Paid $1,643,342 $1,273,508 $790,615 | |||||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | ||||||
Compensation Actually Paid vs. Net Income [Text Block] | ||||||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | ||||||
Total Shareholder Return Vs Peer Group [Text Block] | ||||||
Tabular List [Table Text Block] | Tabular List of Financial Performance Measures The following is a list of financial performance measures, which in the Company’s assessment represent the most important financial performance measures used by the Company to link compensation actually Most Important Financial Performance Measures 1-Year 1-Year Relative Total Shareholder Return | |||||
Total Shareholder Return Amount | $ 61 | 92 | 101 | |||
Peer Group Total Shareholder Return Amount | 119 | 130 | 101 | |||
Net Income (Loss) | $ 142,177,000 | $ 127,791,000 | $ 72,660,000 | |||
Company Selected Measure Amount | 1,421,901,000 | 1,370,598,000 | 1,294,322,000 | |||
Measure [Axis]: 1 | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Measure Name | 1-Year Adjusted EBITDA | |||||
Measure [Axis]: 2 | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Measure Name | 1-Year Gross Revenue | |||||
Measure [Axis]: 3 | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Measure Name | Relative Total Shareholder Return | |||||
Odilon Almeida [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
PEO Total Compensation Amount | $ 10,280,267 | $ 8,768,059 | $ 7,001,341 | |||
PEO Actually Paid Compensation Amount | (5,735,389) | $ 2,003,203 | 10,687,663 | |||
PEO Name | Odilon Almeida | Odilon Almeida | Odilon Almeida | |||
Thomas W. Warsop, III [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
PEO Total Compensation Amount | 577,608 | $ 0 | 0 | |||
PEO Actually Paid Compensation Amount | 799,949 | 0 | 0 | |||
PEO Name | Thomas W. Warsop, III | |||||
Craig Saks [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Non-PEO NEO Average Total Compensation Amount | 85,385 | |||||
Non-PEO NEO Average Compensation Actually Paid Amount | (119,010) | |||||
PEO [Member] | Odilon Almeida [Member] | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (7,499,989) | (7,249,979) | (6,200,006) | |||
PEO [Member] | Odilon Almeida [Member] | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 516,852 | 5,268,521 | 9,886,328 | |||
PEO [Member] | Odilon Almeida [Member] | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (1,540,093) | (4,783,398) | 0 | |||
PEO [Member] | Odilon Almeida [Member] | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 383,070 | 0 | 0 | |||
PEO [Member] | Odilon Almeida [Member] | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (429,451) | 0 | 0 | |||
PEO [Member] | Odilon Almeida [Member] | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (7,446,046) | 0 | 0 | |||
PEO [Member] | Thomas W. Warsop, III [Member] | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |||
PEO [Member] | Thomas W. Warsop, III [Member] | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 222,341 | 0 | 0 | |||
PEO [Member] | Thomas W. Warsop, III [Member] | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |||
PEO [Member] | Thomas W. Warsop, III [Member] | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |||
PEO [Member] | Thomas W. Warsop, III [Member] | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |||
PEO [Member] | Thomas W. Warsop, III [Member] | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |||
Non-PEO NEO [Member] | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (1,658,331) | (1,545,208) | (1,669,991) | |||
Non-PEO NEO [Member] | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 846,128 | 1,213,298 | 1,843,117 | |||
Non-PEO NEO [Member] | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (344,896) | (726,968) | (13,493) | |||
Non-PEO NEO [Member] | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | 11,817 | 0 | 0 | |||
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | (227,309) | (335,364) | 34,993 | |||
Non-PEO NEO [Member] | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] | ||||||
Pay vs Performance Disclosure [Table] | ||||||
Adjustment to Compensation Amount | $ (287,395) | $ 0 | $ (792,854) |