Form 4: FactSet EVP Ellis Reports PSU Vesting & Tax Withholding

FactSet Research Systems Inc. EVP Christopher R. Ellis reported the vesting of performance share units and subsequent tax-related share disposition.

Summary

• Christopher R. Ellis, EVP, Initiatives & P'ships at FactSet Research Systems Inc. (FDS), reported transactions on November 1, 2025.
• Ellis acquired 352 shares of common stock upon the vesting of performance share units (PSUs) granted on November 1, 2022.
• Concurrently, 164 shares were disposed of at a price of $266.8 per share to cover tax obligations related to the PSU vesting.
• Following these transactions, Ellis directly beneficially owns 24,205.8707 shares of common stock and indirectly owns 450 shares through a spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (PSU vesting and tax withholding), which is neutral in sentiment as it reflects standard practice rather than new strategic or operational developments.

Positives

• Vesting of Performance Share Units indicates the achievement of performance targets set when the PSUs were granted.
• The executive's continued direct beneficial ownership of 24,205.8707 shares demonstrates ongoing alignment with shareholder interests.

Negatives

• Disposition of 164 shares to cover tax liabilities reduces the executive's direct shareholding, though this is a standard practice for equity compensation.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to executive compensation, common across publicly traded companies, and does not reflect broader industry trends. It signifies the regular course of equity compensation plans.

Stakeholder Impact

• Shareholders: The vesting and retention of shares by an executive can be seen as a positive alignment of interests, though the tax-related sale slightly reduces direct holdings.
• Employees: Reflects standard executive compensation practices, which may influence broader employee compensation structures.

Key Dates

Keywords

FactSet Research Systems, FDS, Christopher R. Ellis, Form 4, Insider Transaction, Performance Share Units, PSU Vesting, Equity Compensation, Executive Compensation