Form 4: FactSet CFO Helen Shan Earns 1,009 Performance Share Units

FactSet's EVP and CFO, Helen L. Shan, was granted 1,009 Performance Share Units (PSUs) on September 15, 2025, following the achievement of performance goals.

Summary

• Helen L. Shan, Executive Vice President and Chief Financial Officer of FactSet Research Systems Inc. (FDS), acquired 1,009 Performance Share Units (PSUs).
• The PSUs were earned on September 15, 2025, upon the achievement of performance goals, as certified by the Compensation and Talent Committee.
• Each PSU corresponds 1-for-1 with FactSet Common Stock.
• The PSUs are scheduled to vest on November 1, 2025, contingent on Ms. Shan's continuous employment with FactSet.
• Following this transaction, Ms. Shan beneficially owns 1,009 derivative securities (PSUs) directly.

Sentiment

Score: 7

Explanation: The filing indicates successful achievement of performance goals by the CFO, leading to an equity award, which is generally positive for aligning management incentives with company performance. It's a routine compensation event, not a major market-moving announcement, hence a moderate positive score.

Positives

• Helen L. Shan, EVP and CFO, earned 1,009 Performance Share Units, indicating the achievement of performance goals.
• The earning of PSUs aligns management incentives with company performance, promoting long-term shareholder value.

Risks

• The Performance Share Units are subject to a vesting condition, requiring continuous employment by the Reporting Person until November 1, 2025.

Future Outlook

The vesting of the 1,009 Performance Share Units on November 1, 2025, is contingent upon the reporting person's continuous employment with FactSet Research Systems Inc.

Management Comments

• The Compensation and Talent Committee certified the achievement of performance goals, leading to the earning of these PSUs.

Industry Context

Executive compensation through performance-based equity awards like PSUs is a common practice across the financial information and technology industry, aligning executive incentives with long-term shareholder value creation and company performance.

Comparison to Industry Standards

• The use of Performance Share Units (PSUs) with vesting conditions tied to performance goals and continuous employment is a standard practice in executive compensation across publicly traded companies, particularly within the financial data and analytics sector.
• Companies like S&P Global (SPGI), MSCI (MSCI), and Bloomberg often utilize similar long-term incentive plans to retain key talent and incentivize performance.
• The 1-for-1 conversion to common stock is also a typical structure for such awards, aligning the executive's equity interest directly with common shareholders.

Stakeholder Impact

• Shareholders: The award of performance-based equity to the CFO aligns management's interests with shareholder value creation, as the PSUs convert to common stock.
• Employees: The vesting condition of continuous employment reinforces retention incentives for key executives.

Next Steps

• The Performance Share Units are scheduled to vest on November 1, 2025, subject to continuous employment.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event where the CFO earned Performance Share Units based on achieved performance goals. While positive for management alignment, it does not present new fundamental information that would warrant a change in investment recommendation. It confirms the company's compensation structure is functioning as intended and that performance targets were met, which is generally a neutral to slightly positive signal for existing investors.

Keywords

FactSet, FDS, Helen Shan, Performance Share Units, PSUs, Executive Compensation, Insider Transaction, SEC Form 4, CFO, Equity Award