Form 4: FiscalNote Director Stanley A. McChrystal Receives Stock Grant in Lieu of Cash Retainer

Director Stanley A. McChrystal received 7,142 shares of FiscalNote Class A Common Stock as compensation for his board service.

Summary

• Stanley A. McChrystal, a director at FiscalNote Holdings, Inc., received 7,142 shares of Class A Common Stock.
• The shares were granted as compensation for his service as a non-management director.
• This stock grant was in lieu of a quarterly cash retainer.
• Following this transaction, Mr. McChrystal directly owns 419,352 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director compensation, which is generally viewed neutrally to slightly positive as it aligns interests. There is no indication of any negative or unexpected events.

Positives

• The stock grant aligns director compensation with company performance.
• The grant increases the director's stake in the company.

Industry Context

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

Comparison to Industry Standards

• Many companies use a combination of cash and equity to compensate board members.
• The specific amount of equity granted varies based on company size, industry, and board member responsibilities.
• Stock grants are often used to incentivize long-term value creation and align director interests with shareholders.
• Companies like Palantir and Snowflake also use stock grants as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view this positively as it aligns director interests with company performance.
• The stock grant does not have a direct impact on employees, customers, or suppliers.

Key Dates

Keywords

FiscalNote, Director, Stock Grant, Compensation, Class A Common Stock, Stanley A. McChrystal, Board of Directors, Equity