FDS Form 4: 352 Performance Share Units Granted to EVP, Vest Nov 1, 2025

Rhea-AI Filing Summary

Christopher R. Ellis, Executive Vice President, Initiatives & P'ships at FactSet Research Systems Inc. (FDS), was awarded 352 Performance Share Units (PSUs) that were certified as earned on September 15, 2025. Each PSU corresponds 1-for-1 with a share of common stock and the PSUs are scheduled to vest on November 1, 2025 provided Mr. Ellis remains employed through that date. The transaction is reported as an acquisition of 352 units at an effective price of $0 and results in 352 shares beneficially owned directly following the award. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Ellis on September 17, 2025.

Positive

• 352 PSUs earned and awarded, demonstrating achievement of specified performance goals as certified by the Compensation and Talent Committee
• PSUs convert 1-for-1 to common stock, aligning executive compensation with shareholder interests
• No cash outlay required for the award, indicating a compensation grant rather than a purchase

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine, performance-based equity award of 352 PSUs to an EVP; modest, alignment-focused compensation action.

The award represents earned performance-based equity that vests subject to continued employment. At 352 PSUs, the grant is small in absolute terms for a public company but aligns the executive with shareholder value because each PSU converts 1-for-1 to common stock. There is no cash consideration and the reported price is $0, reflecting a compensation grant rather than a market purchase. This disclosure is a routine insider transaction with limited immediate market impact.

Corporate Governance Expert

TL;DR: Governance process evident—Compensation committee certified performance goals and awarded PSUs with time-based vesting contingency.

The Form 4 explicitly states the Compensation and Talent Committee certified achievement of performance goals on September 15, 2025, supporting that the grant follows established governance procedures. Vesting is conditioned on continued employment until November 1, 2025, which is standard for performance awards to promote retention. The filing includes proper signatures and disclosures, indicating compliance with Section 16 reporting requirements.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ellis Christopher R

(Last) (First) (Middle)

45 GLOVER AVENUE

7TH FLOOR

(Street)

NORWALK CT 06850

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FACTSET RESEARCH SYSTEMS INC [ FDS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Initiatives & P'ships

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Unit	(1)	09/15/2025		A		352(2)		(2)	(2)	Common Stock	352	$0	352	D

Explanation of Responses:

1. PSUs correspond 1-for-1 with Common Stock.

2. Represents Performance Share Units ("PSUs") earned by Reporting Person upon achievement of performance goals, as certified by the Compensation and Talent Committee on September 15, 2025. The PSUs are scheduled to vest on November 1, 2025, provided the Reporting Person remains continuously employed by the Issuer on that date.

Remarks:

	/s/ WINNIFRED LEWIS, Attorney in Fact for Christopher R. Ellis	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Christopher R. Ellis report on Form 4 for FDS?

He reported acquisition of 352 Performance Share Units (PSUs) certified as earned on September 15, 2025, and scheduled to vest November 1, 2025.

How many shares will the 352 PSUs convert into for FDS?

352 shares; each PSU corresponds 1-for-1 with FactSet common stock.

What conditions apply to the vesting of the PSUs reported on Form 4 (FDS)?

Vesting is scheduled for November 1, 2025 provided the reporting person remains continuously employed by the issuer on that date.

What was the reported price for the PSUs on the Form 4 filing for FDS?

The reported price is $0, reflecting a compensation award rather than a market purchase.

Who certified that the performance goals were achieved for these PSUs?

The Compensation and Talent Committee certified that the performance goals were achieved on September 15, 2025.