Form 4: FactSet Executive Robert Robie Exercises Stock Options and Sells Shares
SEC Form 4
Robert Robie, EVP at FactSet Research Systems, exercised stock options and sold shares on May 6, 2024.
Summary
- On May 6, 2024, Robert J. Robie, an EVP at FactSet Research Systems, exercised employee stock options to acquire 2,166 shares at $221.88 and 1,300 shares at $255.87.
- Following the exercise of these options, Robie sold 4,336 shares of common stock at a weighted average price of $431.48.
- After these transactions, Robie directly owns 1,485 shares of FactSet common stock and 2,655 employee stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment. It reflects routine activity rather than a significant event.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings are monitored by investors to gain insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Insider transactions are a common occurrence in publicly traded companies like FactSet.
- Similar transactions are regularly reported by executives at companies such as Bloomberg, S&P Global, and Moody's Corporation.
- The scale of the transaction is typical for an executive at Robie's level.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an executive's decision to exercise options and sell shares.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 11/01/2018 | Date of grant for 2,166 employee stock options, vesting 20% annually over five years. |
| 11/01/2019 | Date of grant for 1,300 employee stock options, vesting 20% annually over five years. |
| 05/06/2024 | Date of transaction: Robie exercised stock options and sold shares. |
| 11/01/2028 | Expiration date for 2,166 employee stock options. |
| 11/01/2029 | Expiration date for 1,300 employee stock options. |
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