Form 4: FactSet CTO Katherine Stepp Executes Stock Option and Sells Shares
SEC Form 4
Katherine Stepp, Chief Technology Officer of FactSet Research Systems Inc., exercised stock options and sold shares on June 24, 2024.
Summary
- On June 24, 2024, Katherine M. Stepp, the Chief Technology Officer of FactSet Research Systems Inc., executed a transaction involving the company's stock.
- Stepp exercised employee stock options to acquire 1,057 shares of common stock at a price of $189.98 per share.
- Simultaneously, Stepp sold 1,057 shares of common stock at a weighted average price of $428.42, with prices ranging from $428.26 to $428.58.
- Following these transactions, Stepp directly owns 686.7392 shares of FactSet common stock.
- Stepp also continues to hold options for 0 shares of FactSet common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 11/02/2017 | Date options were granted, vesting 20% annually over five years |
| 06/24/2024 | Date of stock option exercise and share sale |
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