Form 4: FactSet Director McGonigle Receives Stock Options and Restricted Stock Units
SEC Form 4 Filing
James J. McGonigle, a director at FactSet Research Systems Inc., acquired stock options and restricted stock units on January 15, 2025.
Summary
- On January 15, 2025, James J. McGonigle, a director of FactSet Research Systems Inc., was granted 518 non-employee director stock options with an exercise price of $453.98.
- These options vest 100% on the first anniversary of the grant date and expire on January 15, 2032.
- McGonigle also acquired 278 shares of common stock in the form of restricted stock units.
- These restricted stock units vest 100% on the first anniversary of the grant date.
- Following these transactions, McGonigle directly owns 4,461 shares of FactSet common stock and 518 derivative securities.
Sentiment
Score: 7
Explanation: The document reflects a standard transaction related to director compensation, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative news or concerns.
Positives
- The grant of stock options and restricted stock units to a director aligns their interests with those of the shareholders.
- The vesting schedules encourage long-term commitment from the director.
Future Outlook
This document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Stock options and restricted stock units are common forms of compensation for directors in publicly traded companies, particularly in the technology and financial services sectors. This aligns director incentives with shareholder value.
Comparison to Industry Standards
- Companies like Bloomberg L.P. and S&P Global also use stock options and restricted stock units as part of their compensation packages for directors and key employees.
- The vesting schedules and exercise prices are generally in line with industry standards for similar roles and companies of comparable size.
Stakeholder Impact
- Shareholders may view the granting of stock options and restricted stock units positively, as it aligns the director's interests with the company's long-term success.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of transaction: Grant of stock options and restricted stock units. |
| 01/15/2025 | Date of earliest transaction. |
| 01/15/2026 | Vesting date for both stock options and restricted stock units (100%). |
| 01/15/2032 | Expiration date for the stock options. |
| 01/17/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.