Form 4: FactSet Executive Catrina Harding Reports Stock Option Grant

Catrina Harding, Chief People Officer at FactSet Research Systems, reports the acquisition of stock options.

Summary

• Catrina Harding, Chief People Officer of FactSet Research Systems, filed a Form 4 on November 4, 2024.
• The report details the grant of employee stock options on November 1, 2024, allowing her to purchase 3,194 shares of FactSet common stock at a price of $458.8.
• These options vest 20% annually over five years, becoming fully vested on November 1, 2029.
• Following the transaction, Harding directly owns 3,194 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Stock option grants are a common form of executive compensation in the financial services and technology industries, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in the financial data and analytics industry.
• Companies like Bloomberg, S&P Global, and MSCI also utilize stock options to align executive incentives with shareholder value.
• The vesting schedule of 20% annually over five years is a typical vesting structure.

Stakeholder Impact

• The stock option grant aligns the executive's interests with those of the shareholders, potentially leading to increased shareholder value.
• The grant serves as an incentive for the executive to remain with the company and contribute to its long-term success.

Key Dates