Form 4: NASDAQ Executive Reports Stock Transactions

NASDAQ, Inc. executive P.C. Nelson Griggs reports transactions involving restricted stock units and shares withheld for taxes.

Summary

• P.C. Nelson Griggs, President of Capital Access Platforms at NASDAQ, Inc., reported a transaction on April 1, 2026.
• This transaction involved the acquisition of 11,743 shares of Common Stock, valued at $0, designated as an award of Restricted Stock Units (RSUs) under the Issuer's Equity Incentive Plan.
• These RSUs vest in three tranches: 33% on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
• Additionally, 3,308 shares of Common Stock were disposed of, withheld for taxes in connection with the settlement of a prior equity award, at a price of $84.89 per share.
• Following these transactions, Griggs beneficially owns 243,764 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine equity awards and tax settlements for an executive, without indicating significant positive or negative financial events for the company.

Positives

• Award of 11,743 Restricted Stock Units (RSUs) indicates continued equity-based compensation and potential future value for the executive.
• The executive's direct beneficial ownership of 243,764 shares of Common Stock demonstrates a significant stake in the company.

Negatives

• 3,308 shares of Common Stock were withheld for taxes, representing a reduction in the number of shares received from a previously granted equity award.

Risks

• Vesting of RSUs is contingent on future dates (April 1, 2028, 2029, and 2030), meaning the executive's full benefit is not immediate.
• The value of the RSUs is subject to market fluctuations until they vest and are settled.

Future Outlook

The filing indicates a future vesting schedule for Restricted Stock Units (RSUs) awarded on April 1, 2026, with tranches vesting on April 1, 2028, April 1, 2029, and April 1, 2030. This suggests a long-term incentive structure for the executive.

Industry Context

StockSavvy.ai notes that this Form 4 filing by a NASDAQ executive is typical for reporting equity awards and settlements. Such filings are standard practice for publicly traded companies and provide transparency into insider compensation and holdings.

Stakeholder Impact

• Shareholders: The filing provides transparency into executive compensation and insider holdings, which can influence investor perception.
• Employees: The RSU award reflects the company's use of equity incentives, a common practice that can impact employee morale and retention.
• Management: The transactions directly affect the beneficial ownership and compensation of the reporting executive.

Next Steps

• Vesting of Restricted Stock Units on April 1, 2028, April 1, 2029, and April 1, 2030.

Key Dates

Keywords

NASDAQ, NDAQ, Form 4, Insider Trading, Stock Options, Restricted Stock Units, Equity Incentive Plan, Beneficial Ownership, Executive Compensation, Securities Exchange Act