Form 4: Nasdaq Director Kathryn Koch Receives RSU Grant

Nasdaq, Inc. director Kathryn A. Koch was granted 3,171 restricted stock units as part of the company's equity incentive plan.

Summary

• Director Kathryn A. Koch acquired 3,171 restricted stock units (RSUs) on June 10, 2026.
• The grant was issued under the Nasdaq, Inc. Equity Incentive Plan at a price of $0.00 per unit.
• Following this transaction, the director's total beneficial ownership of common stock and RSUs increased to 10,743 units.
• The newly granted RSUs are scheduled to vest in full on June 10, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Standard market risks associated with equity ownership and potential fluctuations in Nasdaq, Inc. share price.

Future Outlook

The RSUs granted are subject to a one-year vesting period, with full vesting occurring on June 10, 2027.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practices designed to ensure directors maintain a vested interest in the long-term performance of the exchange operator.

Comparison to Industry Standards

• The grant of RSUs to non-employee directors is consistent with compensation practices at major financial exchanges such as Intercontinental Exchange (ICE) and Cboe Global Markets (CBOE).

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• Vesting of the 3,171 RSUs on June 10, 2027.

Key Dates

Keywords

Nasdaq, NDAQ, Form 4, Insider Trading, Equity Incentive Plan, Director Compensation