Form 4: Nasdaq Director Townes-Whitley Acquires Restricted Stock

Toni Townes-Whitley, a director of Nasdaq, Inc., acquired 4,405 shares of restricted stock on June 11, 2024, under the company's Equity Incentive Plan.

Summary

• On June 11, 2024, Toni Townes-Whitley, a director of Nasdaq, Inc., acquired 4,405 shares of common stock.
• The acquisition was in the form of restricted stock granted under Nasdaq's Equity Incentive Plan.
• The restricted stock was acquired at a price of $0.00 per share.
• The restricted stock vests 100% on June 11, 2025.
• Following the transaction, Townes-Whitley beneficially owns 17,476 shares of Nasdaq common stock, of which 7,929 are vested.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard equity grant, indicating confidence in the director's continued service and alignment with shareholder interests.

Positives

• The acquisition of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company's success.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This is a standard practice for compensating and incentivizing directors in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock to directors is a common practice among publicly listed companies to align their interests with shareholders.
• Companies like Apple, Microsoft, and Alphabet also use equity-based compensation for their board members.
• The vesting schedule of one year is relatively standard, as longer vesting periods are also common to ensure long-term commitment.

Stakeholder Impact

• The grant of restricted stock aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates