Form 4: Nasdaq Executive Bradley J. Peterson Reports Stock Transactions

Executive Vice President Bradley J. Peterson reports acquisition and disposal of Nasdaq, Inc. common stock related to performance share unit settlement and tax withholding.

Summary

• Bradley J. Peterson, an Executive Vice President at Nasdaq, Inc., reported transactions involving the company's common stock on February 19, 2025.
• These transactions included the acquisition of 28,020 shares through the settlement of performance share units (PSUs) and the disposal of 10,964 shares to cover tax obligations related to the PSU settlement.
• The price per share for the tax withholding was $81.24.
• Following these transactions, Peterson directly owns 148,131 shares of Nasdaq common stock.
• This total includes 85,038 shares or units of restricted stock (36,806 vested), 58,350 shares underlying vested PSUs, and 4,743 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards like PSUs to align management's interests with shareholder value.
• Tax withholding upon vesting of equity awards is a common practice across publicly traded companies.
• Comparable companies such as Intercontinental Exchange (ICE) and CME Group also utilize similar equity compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Executive Vice President, Bradley J. Peterson, NASDAQ, NDAQ, Common Stock, Performance Share Units, PSUs, Tax Withholding