Form 4: NASDAQ Director Melissa Arnoldi Awarded Over 4,000 Restricted Stock Units

NASDAQ Director Melissa Arnoldi was granted 4,319 Restricted Stock Units (RSUs) on June 11, 2025, as part of the company's Equity Incentive Plan.

Summary

• Melissa Arnoldi, a Director of NASDAQ, Inc. (NDAQ), acquired 4,319 shares of Common Stock in the form of Restricted Stock Units (RSUs) on June 11, 2025.
• The RSUs were granted pursuant to NASDAQ's Equity Incentive Plan, with each unit representing a contingent right to receive one share of the Issuer's Common Stock.
• The entirety of these 4,319 RSUs are scheduled to vest on June 11, 2026.
• Following this transaction, Melissa Arnoldi beneficially owns a total of 51,191 RSUs, of which 46,872 were already vested as of the transaction date.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a standard practice that aligns the director's long-term interests with the company's performance and shareholder value. It reflects ongoing commitment and a routine compensation event, generally viewed positively for corporate governance.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their long-term interests with the company's performance and shareholder value.
• This transaction indicates the continued commitment of a key director to the company's future success.

Negatives

• The transaction represents an RSU award with a $0 price, meaning no immediate cash inflow for the director from this specific grant.

Future Outlook

The 4,319 Restricted Stock Units granted to Director Melissa Arnoldi are scheduled to vest in their entirety on June 11, 2026, aligning her future compensation with the company's performance.

Industry Context

The granting of Restricted Stock Units (RSUs) is a common practice in the financial services and technology sectors for executive and director compensation, aiming to align long-term interests with shareholder value. This practice is consistent with typical compensation structures seen across major exchanges and financial technology companies.

Comparison to Industry Standards

• The RSU grant is a standard form of equity compensation for directors in the financial services industry, aligning their interests with long-term shareholder value.
• Specific comparisons to peer companies like NYSE Group (Intercontinental Exchange, ICE) or Cboe Global Markets (CBOE) would require a broader compensation analysis beyond the scope of this Form 4 filing.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with long-term shareholder value, potentially fostering better governance and performance.
• Employees: No direct impact on general employees, but reflects standard executive compensation practices within the company.

Next Steps

• The 4,319 Restricted Stock Units are scheduled to vest on June 11, 2026.

Key Dates

Recommendation

Keywords

NASDAQ, NDAQ, Melissa Arnoldi, Restricted Stock Units, RSU, Equity Incentive Plan, Director Compensation, SEC Form 4, Insider Transaction