Form 4: FiscalNote Director Sweeney Receives Stock Grant in Lieu of Cash Retainer
SEC Form 4 Filing
Director Brandon Sweeney received 9,955 shares of FiscalNote Holdings, Inc. Class A Common Stock as compensation for his service as a non-management director.
Summary
- On March 3, 2025, Brandon Sweeney, a director of FiscalNote Holdings, Inc., acquired 9,955 shares of Class A Common Stock.
- The shares were granted as compensation for his service as a non-management director, in lieu of a quarterly cash retainer.
- Following the transaction, Sweeney directly owns 303,984 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: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The director accepting stock in lieu of cash could be seen as a slightly positive sign.
Positives
- The acceptance of stock in lieu of cash may indicate confidence in the company's future performance.
Industry Context
Director compensation practices vary across the industry, with some companies offering stock grants as part of their compensation packages to align director interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| March 27, 2003 | Date of the Sweeney Trust |
| March 3, 2025 | Date of the transaction where Sweeney acquired shares |
| March 12, 2025 | Date of signature for the Form 4 filing |
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