Form 4: FactSet Chief Data Officer John Costigan Reports Stock Transactions

John Costigan, Chief Data Officer of FactSet Research Systems, reported the acquisition and disposition of company stock and derivative securities on November 11, 2024.

Summary

• On November 11, 2024, John Costigan, the Chief Data Officer of FactSet Research Systems, engaged in transactions involving the company's stock.
• Costigan acquired 779 shares of common stock through the exercise of employee stock options at a price of $221.88 per share.
• He then disposed of 779 shares at a weighted average price of $480.46 and 843 shares at a weighted average price of $481.49.
• Following these transactions, Costigan directly owns 298.9415 shares of FactSet common stock.
• He also holds options to purchase 0 shares of FactSet common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It reflects the executive's perspective on the company's stock and potential future performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are typical for executives who receive stock options as part of their compensation.
• Similar filings can be observed for executives at comparable financial data and software companies like Bloomberg, S&P Global, and MSCI.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the float.
• The transactions provide transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates