Form 4: FactSet Director Malcolm Frank Executes Stock Option and Sells Shares
SEC Form 4 Filing
Director Malcolm Frank exercised stock options and sold shares of FactSet Research Systems Inc. on September 26, 2024.
Summary
- On September 26, 2024, Malcolm Frank, a director of FactSet Research Systems Inc., exercised a non-employee director stock option to acquire 2,838 shares of common stock at a price of $197.75 per share.
- Following the exercise of the option, Frank sold 858 shares at a weighted average price of $456.96, with prices ranging from $456.63 to $457.39.
- Additionally, Frank sold 1,980 shares at a weighted average price of $458.24, with prices ranging from $458.09 to $458.66.
- After these transactions, Frank directly owns 517 shares of FactSet common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the financial data and analytics industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 01/12/2018 | Date options were granted. |
| 01/12/2021 | Options vested 100% upon the third anniversary of the date of grant. |
| 09/26/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 09/27/2024 | Date of signature on the Form 4 filing. |
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