Form 4: NASDAQ Executive Reports Stock Transactions

NASDAQ's EVP, CIO Bradley J. Peterson reported transactions involving restricted stock units and common stock.

Summary

• Bradley J. Peterson, EVP, CIO of NASDAQ, Inc., reported transactions on April 1, 2026.
• Peterson acquired 8,103 shares of Common Stock through an award of Restricted Stock Units (RSUs) under the Issuer's Equity Incentive Plan, with no cost reported for this acquisition.
• Additionally, 2,761 shares of Common Stock were disposed of, withheld for taxes related to the settlement of a previous equity award, at a price of $84.89 per share.
• Following these transactions, Peterson beneficially owns 153,005 shares of common stock directly.
• The RSUs vest in three tranches: 33% on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
• The filing also notes beneficial ownership of 70,086 restricted stock units (41,017 vested), 75,118 shares underlying PSUs (65,486 vested), and 5,040 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It details routine executive compensation and tax-related share disposals, without indicating significant positive or negative shifts in insider holdings or company outlook.

Positives

• Award of 8,103 Restricted Stock Units (RSUs) indicates continued equity-based compensation and potential future value for the executive.
• The executive holds a significant number of shares (153,005) and underlying securities, suggesting a strong alignment with shareholder interests.

Negatives

• 2,761 shares were disposed of to cover tax obligations, representing a reduction in the executive's direct holdings.

Risks

• The vesting schedule for RSUs (2028-2030) means a portion of the awarded equity is not immediately available to the executive.
• The withholding of shares for taxes indicates a cash outflow or reduction in equity for the executive upon settlement of equity awards.

Future Outlook

The Restricted Stock Units (RSUs) awarded to Bradley J. Peterson are scheduled to vest over the next several years, with 33% vesting on April 1, 2028, another 33% on April 1, 2029, and the remaining portion on April 1, 2030. This indicates a long-term incentive structure tied to continued employment and potentially company performance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard for executives and directors of publicly traded companies like NASDAQ, Inc. These filings provide transparency into insider transactions, which can be a signal to the market regarding management's confidence in the company's prospects. The use of RSUs is a common compensation tool in the technology and financial services sectors.

Stakeholder Impact

• Shareholders: Increased transparency into executive compensation and stock holdings.
• Employees: The use of equity incentive plans by NASDAQ, Inc. can be a benchmark for employee compensation strategies.
• Management: The transactions reflect standard executive compensation practices and tax management.

Next Steps

• Vesting of RSUs on April 1, 2028, April 1, 2029, and April 1, 2030.
• Potential future tax obligations upon vesting and settlement of RSUs.
• Continued reporting of any further transactions by Bradley J. Peterson on subsequent Form 4 filings.

Key Dates

Keywords

NASDAQ, Form 4, Insider Trading, Stock Options, Restricted Stock Units, Equity Incentive Plan, Securities Exchange Act, SEC Filing, Bradley J. Peterson, EVP CIO