Form 4: FactSet Executive Earns Performance Share Units

FactSet Research Systems Inc. executive Gregory T. Moskoff was granted 190 Performance Share Units following the achievement of performance goals.

Summary

• Gregory T. Moskoff, MD, Controller, and CAO of FactSet Research Systems Inc. (FDS), was granted 190 Performance Share Units (PSUs).
• The PSUs were earned upon the achievement of specific performance goals, as certified by the Compensation and Talent Committee on September 15, 2025.
• Each PSU corresponds to one share of FactSet Common Stock.
• The PSUs are scheduled to vest on November 1, 2025, contingent on Mr. Moskoff's continuous employment with the company until that date.
• Following this transaction, Mr. Moskoff beneficially owns 190 derivative securities directly.

Sentiment

Score: 7

Explanation: The grant of performance-based equity to a key executive following the achievement of performance goals is generally a positive indicator of company performance and management alignment with shareholder interests. The vesting condition adds a retention incentive.

Positives

• The grant of Performance Share Units indicates the achievement of performance goals by the reporting person, reflecting positive operational results or individual contributions.
• The PSUs align management's incentives with shareholder interests, as they convert to common stock upon vesting.

Risks

• The vesting of the 190 Performance Share Units is contingent upon Gregory T. Moskoff's continuous employment with FactSet Research Systems Inc. until November 1, 2025.

Future Outlook

The 190 Performance Share Units are scheduled to vest on November 1, 2025, provided the reporting person remains continuously employed by FactSet Research Systems Inc. on that date.

Industry Context

The grant of Performance Share Units is a common executive compensation practice in the financial data and analytics industry, aligning executive incentives with long-term company performance and shareholder value creation. This practice is consistent with broader industry trends to retain key talent and motivate performance.

Comparison to Industry Standards

• The use of Performance Share Units (PSUs) as a component of executive compensation is a standard practice across the financial services and technology sectors, including competitors like S&P Global (SPGI) and MSCI (MSCI), which also utilize performance-based equity awards to incentivize executives.
• The vesting schedule contingent on continuous employment is typical for such awards, ensuring executive retention and commitment to long-term company goals, comparable to similar plans at Refinitiv (LSEG) or Bloomberg.

Stakeholder Impact

• Shareholders: The grant of performance-based equity aligns executive incentives with shareholder interests, potentially leading to improved long-term performance.
• Employees: The vesting condition encourages retention of key management personnel.

Next Steps

• The Performance Share Units are scheduled to vest on November 1, 2025, subject to continuous employment.

Key Dates

Recommendation

While the grant of performance share units to a key executive is a positive signal regarding the achievement of internal performance goals and management alignment, this Form 4 filing alone does not provide sufficient new information to warrant a 'buy' or 'sell' recommendation. It confirms an expected part of executive compensation and performance incentives. Investors should 'hold' and consider this information in the broader context of FactSet's financial results, market conditions, and strategic outlook.

Keywords

FactSet Research Systems, FDS, Performance Share Units, PSUs, Insider Transaction, Executive Compensation, Gregory T. Moskoff, SEC Form 4