Form 4: FactSet EVP Goran Skoko Reports Stock Transactions

Goran Skoko, EVP and Chief Revenue Officer of FactSet Research Systems, reports acquisition of shares through vesting of performance share units and disposition of shares to cover tax obligations.

Summary

• On November 1, 2024, Goran Skoko, EVP and Chief Revenue Officer of FactSet Research Systems, acquired 1,129 shares of common stock upon the vesting of performance share units (PSUs) granted on November 1, 2021.
• Each PSU converted into 1.275 shares of common stock based on FactSet's performance during the three-fiscal year period from September 1, 2021, to August 31, 2024.
• The performance was measured 50% on adjusted cumulative operating earnings and 50% on adjusted cumulative revenues.
• Skoko also disposed of 577 shares to cover tax obligations at a price of $458.8 per share.
• Additionally, Skoko acquired 4,884 employee stock options with an exercise price of $458.8, vesting 20% annually starting November 1, 2024, and expiring on November 1, 2034.
• Following these transactions, Skoko directly owns 4,384.461 shares of common stock and 4,884 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.

Positives

• The vesting of performance share units indicates that FactSet met certain performance goals related to adjusted cumulative operating earnings and revenues.
• The acquisition of employee stock options suggests continued alignment of Skoko's interests with the company's long-term performance.

Negatives

• The disposition of 577 shares to cover tax obligations reduces Skoko's direct holdings in FactSet.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• FactSet's PSU vesting based on adjusted cumulative operating earnings and revenues is a common performance metric used in the financial data and analytics industry.
• Companies like Bloomberg, S&P Global, and MSCI also use similar metrics to incentivize and reward their executives.
• The vesting schedule of 20% annually for employee stock options is also a standard practice in the industry to retain talent and align their interests with the company's long-term success.

Stakeholder Impact

• The vesting of PSUs and granting of stock options align management's interests with shareholders, potentially driving long-term value creation.
• The tax-related disposition of shares has a minimal impact on overall shareholder value.

Key Dates