Form 4: Nasdaq Director Johan Torgeby Reports Share Surrender for Tax Obligations
SEC Form 4 Filing
Director Johan Torgeby surrendered shares to cover withholding taxes related to vested equity under Nasdaq's Equity Incentive Plan.
Summary
- On June 21, 2024, Johan Torgeby, a director of Nasdaq, Inc., surrendered 662 shares of common stock to cover withholding taxes related to the vesting of equity previously granted under Nasdaq's Equity Incentive Plan.
- The transaction was executed at a price of $60.25 per share.
- Following the transaction, Torgeby beneficially owns 26,209 shares of Nasdaq common stock.
- This total includes 12,209 shares or units of restricted stock granted pursuant to Nasdaq's Equity Incentive Plan, of which 7,804 are vested, and 14,000 shares acquired through open market purchases.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any significant positive or negative developments for the company. It's a neutral event from an investment perspective.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares surrendered for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of the transaction where shares were surrendered to pay withholding taxes. |
| 06/25/2024 | Date of signature on the Form 4 filing. |
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