NDAQ.NASDAQNasdaq, INC

4/A: Nasdaq Executive Brendan Brothers Amends SEC Filing to Correctly Report Share Forfeiture for Tax Obligations

Sentiment:

SEC Form 4/A Amendment

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Brendan Brothers, an Executive Vice President at Nasdaq, amended a previous SEC filing to accurately reflect the forfeiture of shares to cover withholding taxes related to a vested equity award.

Summary

  • Brendan Brothers, an Executive Vice President at Nasdaq, filed an amendment to his Form 4 on April 15, 2024, to correct an omission in the original filing from April 3, 2024.
  • The amendment addresses the forfeiture of 9,702 shares of common stock on April 1, 2024, to cover withholding taxes related to the vesting of a previously granted equity award under Nasdaq's Equity Incentive Plan.
  • The shares were forfeited at a price of $62.29 per share.
  • After the transaction, Brothers directly owns 43,873 shares, of which 28,260 are vested.
  • As of the date of the amended filing, Brothers owns 39,158 shares or units of restricted stock, of which 32,736 are vested.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous omission. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies like Nasdaq.

Stakeholder Impact

  • The correction of the filing ensures transparency for shareholders regarding executive compensation.

Key Dates

DateDescription
04/01/2024Date of the share forfeiture to cover withholding taxes.
04/03/2024Date of the original Form 4 filing.
04/15/2024Date of the amended Form 4/A filing.

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