Form 4: FactSet Director Shavel Acquires Shares, Options

FactSet Research Systems Director Lee Shavel reported the acquisition of common stock and stock options as part of non-employee director compensation.

Summary

• Lee Shavel, a Director at FactSet Research Systems Inc. (FDS), reported changes in beneficial ownership.
• Acquired 571 shares of Common Stock (Restricted Stock Units) at a price of $0.
• Acquired 1,396 Non-Employee Director Stock Options with an exercise price of $289.68.
• The transactions occurred on January 15, 2026.
• Both the restricted stock units and options cliff vest 100% on the first anniversary of the grant date.
• The stock options expire on January 15, 2033.
• Following these transactions, Shavel beneficially owns 1,587 shares of Common Stock and 1,396 derivative securities (stock options).

Sentiment

Score: 6

Explanation: Slightly positive as it indicates routine director compensation and aligns director interests with shareholders, but not a major market-moving event.

Positives

• Director Lee Shavel acquired 571 shares of common stock (Restricted Stock Units) and 1,396 stock options, aligning his interests with shareholders.
• The compensation structure, involving equity grants, incentivizes long-term performance and retention of non-employee directors.

Future Outlook

The filing indicates future vesting events for the granted equity, with restricted stock units and stock options vesting 100% on January 15, 2027. The stock options have an expiration date of January 15, 2033.

Industry Context

Non-employee director compensation often includes equity grants (restricted stock units and stock options) to align directors' interests with long-term shareholder value, a common practice across various industries, including financial information services.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) and stock options for non-employee director compensation is a standard practice in the U.S. market, aligning with corporate governance best practices seen in companies like S&P Global (SPGI) or MSCI (MSCI), which also utilize equity-based incentives for their board members.
• Cliff vesting on the first anniversary of the grant date is a common vesting schedule for director equity awards, promoting retention and long-term commitment.

Stakeholder Impact

• Shareholders: Interests are further aligned with the director through equity ownership, potentially fostering better long-term decision-making.

Next Steps

• The restricted stock units and stock options will vest on January 15, 2027.
• The stock options can be exercised until their expiration on January 15, 2033.

Key Dates

Keywords

FactSet, FDS, Lee Shavel, Director Compensation, Stock Options, Restricted Stock Units, Insider Trading, SEC Form 4, Equity Grant