Form 4: FactSet CEO Frederick Snow Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
FactSet's CEO, Frederick Philip Snow, exercised stock options and sold shares on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 1, 2024, Frederick Philip Snow, the CEO of FactSet Research Systems Inc., exercised stock options to acquire 3,000 shares of common stock at a price of $164.90 per share.
- Simultaneously, Mr. Snow sold 3,000 shares of FactSet common stock at $408.98 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on September 27, 2023, with an effective date of January 2, 2024.
- Following these transactions, Mr. Snow directly owns 12,914.9306 shares of FactSet common stock.
- He also holds options to purchase 15,000 shares.
Sentiment
Score: 5
Explanation: This is a routine filing related to pre-planned stock transactions by the CEO. It doesn't indicate any specific positive or negative sentiment about the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Rule 10b5-1 plans are frequently used to allow insiders to sell shares without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| July 1, 2015 | Options were granted. |
| September 27, 2023 | Rule 10b5-1 Plan adopted. |
| January 2, 2024 | Effective date of Rule 10b5-1 Plan. |
| July 1, 2024 | Exercise of stock options and sale of shares. |
| July 1, 2024 | Date of Form 4 filing. |
| July 1, 2025 | Expiration date of options. |
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