Form 4: Nasdaq Director Thomas Kloet Receives RSU Grant

Nasdaq, Inc. director Thomas A. Kloet was granted 4,554 restricted stock units as part of the company's equity incentive plan.

Summary

• Director Thomas A. Kloet acquired 4,554 Restricted Stock Units (RSUs) on June 10, 2026.
• Each RSU represents a contingent right to receive one share of Nasdaq common stock.
• The grant is part of the Issuer's Equity Incentive Plan.
• The total direct beneficial ownership for the director increased to 36,559 shares following this transaction.
• The director maintains an additional 68,709 shares held indirectly through the Thomas A. Kloet Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or strategy.

Positives

• Director alignment with shareholder interests through equity-based compensation.
• The grant reflects standard corporate governance practices for director compensation.

Negatives

• None identified.

Risks

• Market volatility affecting the future value of the granted equity.

Future Outlook

The RSUs are scheduled to vest in full on June 10, 2027, subject to the terms of the Equity Incentive Plan.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard practice in the financial exchange sector to ensure long-term alignment between directors and shareholders.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with practices at peer financial exchanges like Intercontinental Exchange (ICE) and Cboe Global Markets (CBOE).

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity incentive grant.

Next Steps

• Vesting of the 4,554 RSUs on June 10, 2027.

Key Dates

Keywords

Nasdaq, NDAQ, Director Compensation, Restricted Stock Units, Insider Transaction, Equity Incentive Plan