Form 4: FiscalNote Director Anna Sedgley Receives 11,000 Shares of Class A Common Stock as Compensation

Anna Sedgley, a director at FiscalNote Holdings, Inc., acquired 11,000 shares of Class A Common Stock as compensation for her service as a non-management director.

Summary

• On September 4, 2024, Anna Sedgley, a director of FiscalNote Holdings, Inc., acquired 11,000 shares of Class A Common Stock.
• The shares were granted as compensation for her service as a non-management director, in lieu of a quarterly cash retainer.
• Following the transaction, Sedgley directly owns 285,315 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The use of equity as compensation can be seen as a positive sign of aligning interests.

Positives

• The grant of shares to a director aligns their interests with those of the shareholders.
• Using shares as compensation can conserve cash for the company.

Industry Context

Director compensation packages often include equity to align director and shareholder interests. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Equity grants are a common component of director compensation, often used in conjunction with cash retainers and meeting fees.
• Comparing FiscalNote's director compensation structure to similar companies in the technology or information services sector would provide a more detailed benchmark.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with theirs.
• Employees may see this as a standard practice for director compensation.

Key Dates