Form 4: NASDAQ Executive Nelson Griggs Reports Stock Award and Tax Withholding

Nelson Griggs, President of Capital Access Platforms at NASDAQ, Inc., reports the acquisition of restricted stock units and the disposal of shares for tax obligations.

Summary

• On April 1, 2025, Nelson Griggs, President of Capital Access Platforms at NASDAQ, Inc., was granted 11,835 Restricted Stock Units (RSUs) under the Issuer's Equity Incentive Plan.
• These RSUs vest in three tranches: 33% on April 1, 2027, 33% on April 1, 2028, and the remaining 34% on April 1, 2029.
• Also on April 1, 2025, 2,206 shares of Common Stock were withheld for taxes related to the settlement of a previous equity award at a price of $75.86 per share.
• Following these transactions, Griggs beneficially owns 220,969 shares, including 89,241 shares or units of restricted stock (30,682 vested) and 131,728 shares of Common Stock underlying PSUs, all of which are vested.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a positive sign of continued investment in the executive, while the tax withholding is a routine event.

Positives

• The grant of RSUs indicates continued investment in and alignment with the company's future performance for Nelson Griggs.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces Griggs' direct holdings.

Risks

• The vesting of RSUs is contingent upon continued employment or other conditions as defined in the Equity Incentive Plan.

Future Outlook

The document does not contain specific forward-looking statements, but the RSU grant suggests an expectation of continued contributions from the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at NASDAQ.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies like NASDAQ to incentivize executives.
• The vesting schedule of the RSUs (33% per year over three years) is a typical vesting structure.
• Tax withholding upon equity settlement is a standard procedure across the industry.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of shareholders, potentially driving long-term value creation.

Key Dates

Keywords

Form 4, NASDAQ, Nelson Griggs, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, Insider Trading