Form 4: FactSet Director Exercises Stock Options and Sells Shares in Pre-Planned Transactions
Insider Transaction Report
FactSet Research Systems Inc. Director James J. McGonigle exercised stock options and subsequently sold an equivalent number of common shares in pre-planned transactions on July 14, 2025.
Summary
- James J. McGonigle, a Director at FactSet Research Systems Inc. (FDS), engaged in a series of transactions on July 14, 2025, under a Rule 10b5-1(c) pre-planned trading arrangement.
- McGonigle exercised Non-Employee Director Stock Options to acquire 2,010 shares of common stock at an exercise price of $271.51 per share. These options were granted on January 15, 2020, and vested on January 15, 2023.
- Additionally, McGonigle exercised Non-Employee Director Stock Options to acquire 915 shares of common stock at an exercise price of $318.20 per share. These options were granted on January 15, 2021, and vested on January 15, 2024.
- Immediately following the option exercises, McGonigle sold a total of 2,925 shares of common stock.
- The sales included 300 shares at a weighted average price of $449.93, 1,200 shares at a weighted average price of $451.05, and 1,425 shares at a weighted average price of $451.98.
- Following these transactions, McGonigle's direct beneficial ownership of FactSet common stock is 4,461 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. While a director selling shares can sometimes be viewed negatively, these are pre-planned transactions (Rule 10b5-1) involving the exercise of options and immediate sale, which is a standard practice for liquidity and tax planning, rather than an indication of a change in company outlook.
Positives
- The exercise of stock options indicates that the options were in-the-money, allowing the director to realize value from their equity compensation.
- The transactions were conducted under a Rule 10b5-1(c) plan, indicating they were pre-planned and not based on immediate, non-public information.
Negatives
- The sale of 2,925 shares by a director reduces their direct ownership stake in the company, which some investors might interpret as a lack of confidence, although it is a common liquidity event.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Primarily impacts the reporting person, James J. McGonigle, by allowing him to realize value from his equity compensation.
- Has a minor impact on the public float of FactSet Research Systems Inc. common stock due to the sale of shares.
Key Dates
| Date | Description |
|---|---|
| 2020-01-15 | Grant date for 2,010 Non-Employee Director Stock Options. |
| 2021-01-15 | Grant date for 915 Non-Employee Director Stock Options. |
| 2023-01-15 | Vesting date for 2,010 Non-Employee Director Stock Options. |
| 2024-01-15 | Vesting date for 915 Non-Employee Director Stock Options. |
| 2025-07-14 | Date of option exercises and subsequent sale of common stock. |
| 2025-07-15 | Filing date of the Form 4 statement. |
| 2027-01-15 | Expiration date for 2,010 Non-Employee Director Stock Options. |
| 2028-01-15 | Expiration date for 915 Non-Employee Director Stock Options. |
Keywords
FactSet Research Systems Inc., FDS, James J. McGonigle, Director, Insider Transaction, Form 4, Stock Options, Share Sale, Beneficial Ownership, Rule 10b5-1, Equity Compensation
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