Form 4: Nasdaq Executive Jeremy Skule Reports Acquisition of Shares

Executive Vice President Jeremy Skule reports the acquisition of 6,844 shares of Nasdaq, Inc. common stock on October 1, 2024.

Summary

• Jeremy Skule, an Executive Vice President at Nasdaq, Inc., reported a transaction on October 1, 2024.
• Skule acquired 6,844 shares of common stock at a price of $0.00 per share.
• These shares were granted as restricted stock units (RSUs) under Nasdaq's Equity Incentive Plan.
• The RSUs vest in three tranches: 33% on October 1, 2025, 33% on October 1, 2026, and 34% on October 1, 2027.
• Following the reported transaction, Skule beneficially owns 126,580 shares of Nasdaq, Inc.
• This total includes 48,121 shares or units of RSUs (8,077 vested), 75,063 shares underlying PSUs (all vested), and 3,396 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating equity compensation, which is neither overtly positive nor negative.

Positives

• The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs (October 1, 2025, October 1, 2026, and October 1, 2027) suggests a long-term incentive for the executive.

Industry Context

Equity compensation is a common practice in the financial services industry to align executive interests with shareholder value.

Comparison to Industry Standards

• Equity grants are a standard component of compensation packages for executives at publicly traded companies like Nasdaq, similar to practices at Intercontinental Exchange (ICE) and CME Group.
• Vesting schedules, such as the one described for Jeremy Skule's RSUs, are typical for retaining key personnel and incentivizing long-term performance, aligning with industry norms.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals executive confidence.

Key Dates