Form 4: Nasdaq Executive Vice President Bradley J. Peterson Reports Stock Transaction

Executive Vice President Bradley J. Peterson of Nasdaq, Inc. reports a transaction involving the surrender of shares to cover withholding taxes related to equity vesting.

Summary

• On July 1, 2024, Bradley J. Peterson, an Executive Vice President at Nasdaq, Inc., reported a transaction.
• The transaction involved the surrender of 10,248 shares of common stock to cover withholding taxes related to the vesting of equity previously granted under Nasdaq's Equity Incentive Plan.
• The price per share for the transaction was $59.48.
• Following the transaction, Peterson beneficially owns 196,472 shares of Nasdaq common stock.
• These shares include 98,680 shares or units of restricted stock (50,448 vested), 93,114 shares underlying PSUs (all vested), and 4,678 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies like Nasdaq.

Comparison to Industry Standards

• Executive compensation practices, including equity grants and vesting schedules, are common across publicly traded companies.
• The use of equity incentive plans and employee stock purchase plans is a standard practice to align executive and employee interests with shareholder value.
• Form 4 filings are a standard regulatory requirement for reporting changes in beneficial ownership by company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine adjustment of executive stock ownership.
• Employees participating in the Equity Incentive Plan and Employee Stock Purchase Plan may be indirectly affected by the overall stock performance.

Key Dates