Form 4: FactSet Director Siew Kai Choy Receives Stock and Options Grant

Director Siew Kai Choy of FactSet Research Systems Inc. was granted restricted stock units and stock options on January 15, 2025.

Summary

• Siew Kai Choy, a director at FactSet Research Systems Inc., received a grant of 278 restricted stock units and 518 stock options on January 15, 2025.
• The restricted stock units will vest 100% on the first anniversary of the grant date.
• The stock options, with an exercise price of $453.98, will also vest 100% on the first anniversary of the grant date and expire on January 15, 2032.
• Following these transactions, Mr. Choy directly owns 1,003 shares of common stock and 518 stock options.

Sentiment

Score: 7

Explanation: The document reflects a standard equity grant to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of stock and options aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

Equity grants to directors are a common practice in publicly traded companies to incentivize performance and align interests with shareholders.

Comparison to Industry Standards

• The vesting schedule of one year is fairly standard for director equity grants.
• The option expiry of 7 years is also within the typical range for such grants.
• Comparable companies such as MSCI and S&P Global also use equity grants as part of director compensation packages.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with the company's long-term success.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

FactSet, Director, Stock Options, Restricted Stock Units, Equity Grant, Siew Kai Choy, Compensation