Form 4: Nasdaq Executive Michelle Daly Reports Stock Transaction

Michelle Daly, Controller and Principal Accounting Officer of Nasdaq, Inc., reports a transaction involving the surrender of shares to cover withholding taxes related to equity vesting.

Summary

• On July 1, 2024, Michelle Daly, Controller and Principal Accounting Officer of Nasdaq, Inc., reported a transaction.
• The transaction involved the surrender of 1,126 shares of common stock to pay withholding taxes related to the vesting of equity previously granted under Nasdaq's Equity Incentive Plan.
• The price per share was $59.48.
• Following the transaction, Daly beneficially owns 12,423 shares, including 11,080 shares or units of restricted stock (4,469 vested) and 1,343 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. It doesn't convey any particular positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States.
• The details provided are typical for this type of filing, including transaction date, number of shares, and price per share.
• Similar filings are made by executives at companies like Intercontinental Exchange (ICE) and CME Group, which are also major players in the exchange and financial technology space.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive stock transactions.

Key Dates