Form 4: FactSet CEO Frederick Snow Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
FactSet CEO Frederick Snow exercised stock options and sold shares on April 1, 2025, according to a pre-arranged 10b5-1 trading plan.
Summary
- On April 1, 2025, Frederick Philip Snow, CEO of FactSet Research Systems Inc., exercised stock options to acquire 3,000 shares of common stock at a price of $152.28 per share.
- Simultaneously, Mr. Snow sold 3,000 shares of FactSet common stock at $454.86 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on September 26, 2024, with an effective date of January 2, 2025.
- Following these transactions, Mr. Snow directly owns 16,616.4699 shares of FactSet common stock and derivative securities representing 20,961 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports transactions executed under a pre-existing plan. There is no indication of positive or negative sentiment towards the company's prospects.
Positives
- The transactions were executed under a pre-arranged 10b5-1 trading plan, which can reassure investors that the transactions were not based on insider information.
Industry Context
Executive stock option exercises and sales are common in publicly traded companies, often governed by 10b5-1 plans to avoid insider trading concerns. The details of the plan are not disclosed.
Comparison to Industry Standards
- Executive compensation practices, including stock options, are common across the financial data and analytics industry.
- Companies like Bloomberg, Refinitiv (owned by LSEG), and S&P Global also utilize stock options as part of their executive compensation packages.
- The vesting schedules and exercise prices of these options vary based on company performance and individual agreements.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| November 1, 2016 | Options were granted. |
| September 26, 2024 | Rule 10b5-1 Plan adopted. |
| January 2, 2025 | Effective date of Rule 10b5-1 Plan. |
| April 1, 2025 | Transaction date: Exercise of stock options and sale of shares. |
| April 2, 2025 | Date of Form 4 filing. |
| November 1, 2026 | Expiration date of options. |
Keywords
Form 4, FactSet, Frederick Snow, Stock Options, 10b5-1 Plan, Insider Trading, Executive Compensation, Share Sale
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