Form 4: FactSet Director Choy Receives Equity Grants

FactSet Research Systems Inc. Director Siew Kai Choy was granted 439 restricted stock units and 1,074 stock options, vesting in January 2027.

Summary

• Siew Kai Choy, a Director at FactSet Research Systems Inc. (FDS), reported the acquisition of equity securities.
• The transaction date for these acquisitions was January 15, 2026.
• Choy acquired 439 shares of Common Stock in the form of Restricted Stock Units (RSUs) at a price of $0 per share.
• These RSUs will cliff vest 100% on January 15, 2027, which is the first anniversary of the grant date.
• Following this transaction, Choy directly beneficially owns 1,442 shares of Common Stock.
• Choy also acquired 1,074 Non-Employee Director Stock Options with an exercise price of $289.68.
• These options will also cliff vest 100% on January 15, 2027, and have an expiration date of January 15, 2033.
• After this transaction, Choy directly beneficially owns 1,074 derivative securities (stock options).
• The Form 4 was signed by Winnifred Lewis, Attorney in Fact for Siew Kai Choy, on January 20, 2026.

Sentiment

Score: 7

Explanation: The filing reports a standard equity compensation grant to a director, which is a positive sign of aligning interests and retaining talent. There are no negative disclosures, making the sentiment generally positive but not exceptionally so as it's a routine event.

Positives

• The grant of restricted stock units and stock options to Director Siew Kai Choy aligns management and director interests with those of shareholders.
• Equity compensation is a standard practice to incentivize long-term performance and retention of key personnel.

Future Outlook

The equity grants, with vesting scheduled for January 2027 and options expiring in 2033, indicate a long-term incentive structure for the director, aligning their future interests with the company's performance over several years.

Industry Context

Equity compensation for non-employee directors, including restricted stock units and stock options, is a standard practice across publicly traded companies in the financial information and technology sector. This practice aims to align the interests of directors with long-term shareholder value creation.

Comparison to Industry Standards

• The grant of equity compensation to non-employee directors is a common practice in the financial data and analytics industry, similar to peers like S&P Global (SPGI), MSCI (MSCI), and Bloomberg.
• The structure of cliff vesting after one year for RSUs and options is a typical approach to ensure director commitment and retention.
• The specific number of shares and options granted would typically be benchmarked against director compensation packages at comparable companies, considering FactSet's market capitalization and industry standards, though specific comparative data is not provided in this filing.

Corporate Governance

Stakeholder Impact

• Shareholders: The equity grants align the director's long-term interests with shareholder value creation, potentially leading to more focused governance and strategic decisions.

Next Steps

• The granted Restricted Stock Units and Stock Options will vest on January 15, 2027.
• The Stock Options will remain exercisable until their expiration date of January 15, 2033.

Key Dates

Keywords

FactSet, FDS, Siew Kai Choy, Director Compensation, Restricted Stock Units, Stock Options, Insider Transaction, SEC Form 4, Equity Grant, Corporate Governance