FDS.NYSEFactset Research Systems INC

Form 4: FactSet CEO Frederick Snow Executes Stock Option, Sells Shares Under 10b5-1 Plan

Sentiment:

SEC Form 4 Filing

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FactSet Research Systems CEO Frederick Philip Snow exercised stock options and sold shares on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

  • On June 3, 2024, Frederick Philip Snow, CEO of FactSet Research Systems Inc., exercised stock options to acquire 3,000 shares of common stock at a price of $164.9.
  • Simultaneously, Mr. Snow sold 3,000 shares of common stock at $400.
  • 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 and 18,000 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to use Rule 10b5-1 plans to manage their stock holdings and avoid accusations of insider trading.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates any significant concerns.

Key Dates

DateDescription
July 1, 2015Options were granted.
September 27, 2023Rule 10b5-1 Plan adopted.
January 2, 2024Effective date of Rule 10b5-1 Plan.
June 3, 2024Date of stock option exercise and share sale.
July 1, 2025Expiration date of options.

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