Form 4: FactSet EVP Helen Shan Reports Stock Transactions

Helen Shan, EVP and CFO of FactSet Research Systems, reports acquisition of shares through PSU vesting and disposition of shares to cover tax obligations.

Summary

• Helen Shan, the EVP and Chief Financial Officer of FactSet Research Systems, reported transactions involving FactSet common stock on November 1, 2024.
• She acquired 2,256 shares of common stock upon the vesting of performance share units (PSUs) granted on November 1, 2021.
• Each PSU converted into 1.275 shares based on FactSet's performance over a three-year period from September 1, 2021, to August 31, 2024, measured against adjusted cumulative operating earnings and revenues.
• Shan also disposed of 1,248 shares to cover tax obligations at a price of $458.8 per share.
• Additionally, she acquired 6,762 employee stock options with an exercise price of $458.8, vesting annually over five years, expiring on November 1, 2034.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation, with no significant positive or negative implications.

Positives

• The vesting of PSUs indicates that FactSet achieved certain performance goals related to adjusted cumulative operating earnings and revenues during the performance period.

Negatives

• The disposition of shares to cover tax obligations reduces Helen Shan's directly held share count.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Key Dates