Form 4: FactSet Director Lee Shavel Reports Stock and Option Grants

Director Lee Shavel reported the acquisition of restricted stock units and stock options in FactSet Research Systems Inc.

Summary

• On January 15, 2025, Lee Shavel, a director of FactSet Research Systems Inc., reported the acquisition of 362 shares of common stock and 673 non-employee director stock options.
• The common stock was acquired through restricted stock units granted, which cliff vest 100% on the first anniversary of the grant date.
• The stock options, with an exercise price of $453.98, also cliff vest 100% on the first anniversary of the grant date and expire on January 15, 2032.
• Following the transaction, Shavel directly owns 1,016 shares of FactSet common stock and 673 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine stock and option grants to a director, which is a standard practice.

Positives

• The grant of restricted stock units and stock options to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

This filing is a routine disclosure of stock and option grants to a company director, which is a common practice in publicly traded companies to incentivize and align the interests of directors with shareholders.

Comparison to Industry Standards

• Stock option grants to non-employee directors are a common practice among publicly traded companies, including FactSet's competitors such as Bloomberg, S&P Global, and MSCI.
• The vesting schedule of one year is fairly standard, aligning with typical industry practices for director compensation.
• The number of options granted and the exercise price would need to be compared to similar grants at peer companies to determine if they are within a reasonable range.

Stakeholder Impact

• The stock and option grants align the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates