Form 4: NASDAQ Inc. Executive John Zecca Reports Stock Award and Tax Withholding

EVP John Zecca reports acquisition of restricted stock units and disposal of shares for tax obligations related to equity award settlement.

Summary

• On April 1, 2025, John Zecca, EVP and Global CLO of NASDAQ, Inc., acquired 7,233 shares of common stock through a restricted stock unit (RSU) award.
• These RSUs vest in three tranches: 33% on April 1, 2027, 33% on April 1, 2028, and the remaining 34% on April 1, 2029.
• On the same day, Zecca disposed of 1,274 shares of common stock at a price of $75.86 per share to cover tax obligations related to the settlement of a previous equity award.
• Following these transactions, Zecca beneficially owns 130,953 shares of NASDAQ, Inc.
• This total includes 23,050 shares or units of restricted stock (1,216 vested) and 107,903 shares of common stock underlying performance stock units (PSUs), all of which are vested.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation and tax obligations.

Future Outlook

The RSUs will vest over the next four years, indicating continued alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide investors with insights into the actions of company executives and their confidence in the company's future.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• It assures stakeholders that executives' interests are aligned with the company's long-term performance through equity-based compensation.

Key Dates

Keywords

Form 4, NASDAQ, John Zecca, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, Tax Withholding, Insider Trading