Form 4: FiscalNote Director Anna Sedgley Receives Stock Grant in Lieu of Cash Retainer

Director Anna Sedgley of FiscalNote Holdings, Inc. received 13,095 shares of Class A Common Stock as compensation for her service as a non-management director.

Summary

• Anna Sedgley, a director at FiscalNote Holdings, Inc., received 13,095 shares of Class A Common Stock on December 2, 2024.
• The shares were granted as compensation for her service as a non-management director.
• This grant was in lieu of a quarterly cash retainer.
• Following the transaction, Ms. Sedgley directly owns 298,410 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The stock grant aligns director compensation with company performance.
• The grant demonstrates the company's commitment to its directors.

Industry Context

This type of stock grant is a common practice for compensating non-management directors in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock grants in lieu of cash retainers are a common practice for non-executive directors in many publicly listed companies.
• Companies like Workday, Inc. and Salesforce.com also use stock-based compensation for their directors, often with vesting schedules to align long-term interests.
• The size of the grant is typical for a company of FiscalNote's size and stage, but the specific value depends on the company's share price at the time of the grant.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

FiscalNote Holdings, Director Compensation, Stock Grant, Class A Common Stock, Anna Sedgley, Non-Management Director, SEC Form 4