Form 4: FiscalNote Director Brandon Sweeney Receives Stock Grant in Lieu of Cash Retainer

Director Brandon Sweeney of FiscalNote Holdings, Inc. received 9,000 shares of Class A Common Stock as compensation for his service as a non-management director.

Summary

• Brandon Sweeney, a director at FiscalNote Holdings, Inc., received 9,000 shares of Class A Common Stock on September 4, 2024.
• The shares were granted as compensation for his service as a non-management director, in place of a quarterly cash retainer.
• Following the transaction, Sweeney directly owns 283,315 shares of Class A Common Stock.
• Sweeney also indirectly owns 80,697 shares through the Sweeney Trust dated March 27, 2003, for which he serves as Trustee.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The director is incentivized to improve the company's performance.

Industry Context

Director compensation packages often include stock grants to align the interests of directors with those of shareholders. This is a common practice in publicly traded companies.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better governance and company performance.

Key Dates