Form 4: FactSet Executive Robert Robie Reports Stock Transactions
SEC Form 4 Filing
Robert Robie, an EVP at FactSet Research Systems, reports the acquisition and disposal of company stock and stock options.
Summary
- Robert Robie, an Executive Vice President at FactSet Research Systems, filed a Form 4 detailing changes in beneficial ownership.
- On November 1, 2024, Robie acquired 1,054 shares of common stock upon the vesting of performance share units (PSUs) granted on November 1, 2021, at a price of $0.
- Each PSU converted into 1.275 shares based on FactSet's performance over a three-year period ending August 31, 2024, measured against adjusted cumulative operating earnings and revenues.
- Also on November 1, 2024, 489 shares were withheld to cover taxes at a price of $458.8 per share.
- Robie also acquired 3,757 employee stock options with an exercise price of $458.8, vesting 20% annually from November 1, 2024, and expiring on November 1, 2034.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of performance share units indicates that FactSet achieved certain performance goals related to operating earnings and revenues.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock and options.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 11/01/2021 | Date of grant for performance share units (PSUs). |
| 08/31/2024 | End date of the three-fiscal year performance period for PSU vesting. |
| 11/01/2024 | Date of stock and option transactions, including PSU vesting and tax withholding. |
| 11/04/2024 | Date of Form 4 filing. |
| 11/01/2034 | Expiration date of employee stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.