Form 4: Broadridge Director Nazareth Acquires Additional Deferred Stock Units Through Dividend Payments

Annette L. Nazareth, a director at Broadridge Financial Solutions, acquired additional deferred stock units (DSUs) due to dividend payments on previously issued DSUs.

Summary

• On April 5, 2024, Annette L. Nazareth, a director of Broadridge Financial Solutions, acquired 6 and 6 additional deferred stock units (DSUs) under the company's 2018 Omnibus Award Plan.
• These acquisitions are a result of dividend payments on common stock underlying previously issued DSUs, which were granted in lieu of cash compensation under the Director Deferred Compensation Program.
• The DSUs vest immediately upon grant but will be settled in shares of Broadridge common stock only after the director's separation from service with Broadridge.
• Following these transactions, Nazareth directly owns 3,501 and 3,495 shares of Broadridge common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through dividend payments on deferred stock units.

Positives

• The acquisition of DSUs reflects Nazareth's continued investment in Broadridge's future.
• The dividend payments on DSUs demonstrate Broadridge's commitment to rewarding its directors.

Future Outlook

The DSUs will be settled in shares of Broadridge common stock upon the director's separation from service.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred stock units, which is a common form of compensation in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is related to director compensation.

Key Dates