Form 4: Nasdaq Executive Brendan Brothers Reports Share Surrender for Tax Obligations
SEC Form 4 Filing
Executive Vice President Brendan Brothers surrendered 4,715 shares of Nasdaq, Inc. stock to cover withholding taxes related to the vesting of equity.
Summary
- On April 3, 2024, Brendan Brothers, an Executive Vice President at Nasdaq, Inc., surrendered 4,715 shares of common stock to cover withholding taxes.
- The shares were surrendered at a price of $61.58 per share.
- Following the transaction, Brothers beneficially owns 48,860 shares of Nasdaq stock, of which 23,526 are vested.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction reflects standard practice for covering tax obligations associated with equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the transaction where shares were surrendered to cover withholding taxes. |
| 04/04/2024 | Date of signature for the Form 4 filing. |
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