Form 4: FactSet Director Receives Equity Compensation

FactSet Research Systems Inc. director Maria Teresa Tejada was granted 439 restricted stock units and 1,074 stock options.

Summary

• Maria Teresa Tejada, a Director at FactSet Research Systems Inc. (FDS), acquired 439 shares of common stock in the form of restricted stock units (RSUs) on January 15, 2026.
• These RSUs were granted at a price of $0 and will cliff vest 100% on the first anniversary of the grant date.
• Following this transaction, Maria Teresa Tejada beneficially owns 1,415 shares of common stock directly.
• Additionally, Maria Teresa Tejada was granted 1,074 non-employee director stock options on January 15, 2026.
• These options have an exercise price of $289.68 and were granted at a price of $0.
• The stock options will cliff vest 100% on January 15, 2027, and have an expiration date of January 15, 2033.
• Following this transaction, Maria Teresa Tejada beneficially owns 1,074 derivative securities (stock options) directly.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine director compensation, aligning interests with shareholders, and adherence to regulatory best practices via a 10b5-1 plan. It does not indicate any extraordinary positive or negative events for the company's operations or financial performance.

Positives

• The grant of restricted stock units and stock options aligns the director's interests with those of shareholders, as the value of this compensation is tied to the company's stock performance.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to comply with insider trading laws.

Future Outlook

The restricted stock units and stock options granted to the director are scheduled to cliff vest 100% on January 15, 2027, indicating future equity ownership and potential exercise of options.

Industry Context

This filing represents a routine equity compensation grant to a non-employee director, a common practice across various industries, including financial data and analytics, to attract and retain qualified board members and align their interests with long-term shareholder value.

Comparison to Industry Standards

• Equity compensation for non-employee directors, including restricted stock units and stock options, is a standard practice in publicly traded companies, particularly within the financial technology and data services sector like FactSet.
• The structure of cliff vesting after one year is typical for director grants, ensuring continued service and alignment.
• The use of a Rule 10b5-1 plan for such transactions is a best practice for insiders to manage their equity holdings in compliance with SEC regulations, similar to practices at peers like S&P Global (SPGI) or MSCI (MSCI).

Corporate Governance

Related Party Transactions

• The grant of restricted stock units and stock options to Maria Teresa Tejada, a non-employee director, constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grants align the director's financial interests with long-term shareholder value, potentially encouraging decisions that benefit stock performance.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The restricted stock units and stock options will vest on January 15, 2027, at which point the director will gain full ownership of the shares and the ability to exercise the options.

Key Dates

Keywords

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