Nasdaq SVP has 424 shares withheld for taxes
NASDAQ, INC. senior vice president and controller Michelle Lynn Daly had 424 shares of common stock withheld on April 3, 2026 to cover taxes tied to the settlement of a prior equity award.
Rhea-AI Filing Summary
NASDAQ, INC. senior vice president and controller Michelle Lynn Daly had 424 shares of common stock withheld on April 3, 2026 to cover taxes tied to the settlement of a prior equity award. This was a tax-withholding disposition, not an open-market sale.
After the withholding, she directly holds 11,412 shares, consisting of restricted stock or units, performance share units and shares purchased through the employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 424 shares
Exercise Price or Tax Liability
1 txn
Insider
Daly Michelle Lynn
Role
SVP, Controller & PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 424 | $86.65 | $37K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 11,412 shares (Direct)
Footnotes (2)
- F1. Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
- F2. Represents (i) 7,981 shares or units of restricted stock, of which 1,194 are vested, (ii) 1,764 shares of Common Stock underlying PSUs, none of which are vested, and (iii) 1,667 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Key Figures
Shares withheld for taxes: 424 shares
Withholding reference price: $86.65 per share
Shares held after transaction: 11,412 shares
+3 more
6 metrics
Shares withheld for taxes
424 shares
Tax-withholding disposition on April 3, 2026
Withholding reference price
$86.65 per share
Value used for 424-share tax withholding
Shares held after transaction
11,412 shares
Direct ownership following tax withholding
Restricted stock or units
7,981 shares/units
Equity awards, 1,194 vested
Performance share units
1,764 shares
Common stock underlying PSUs, none vested
ESPP shares
1,667 shares
Shares purchased under Employee Stock Purchase Plan
Key Terms
Equity Incentive Plan, restricted stock, PSUs, Employee Stock Purchase Plan, +1 more
5 terms
Equity Incentive Plan financial
"equity award previously granted under the Issuer's Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
restricted stock financial
"7,981 shares or units of restricted stock, of which 1,194 are vested"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
PSUs financial
"1,764 shares of Common Stock underlying PSUs, none of which are vested"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
Employee Stock Purchase Plan financial
"1,667 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax-withholding disposition financial
"transaction_action":"tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nasdaq (NDAQ) executive Michelle Daly report in this Form 4?
Michelle Daly reported a tax-related share withholding, not an open-market trade. 424 shares of Nasdaq common stock were withheld to satisfy tax obligations from a previously granted equity award under the company’s equity incentive plan, leaving her overall ownership position essentially intact.
Does this Nasdaq (NDAQ) Form 4 show an open-market sale by Michelle Daly?
No, the Form 4 does not show an open-market sale. It records a tax-withholding disposition, where 424 shares were delivered to cover taxes on an equity award settlement, a routine administrative event rather than a voluntary buy or sell decision in the market.
What types of Nasdaq (NDAQ) equity awards are included in Michelle Daly’s holdings?
Her holdings include 7,981 restricted shares or units (with 1,194 vested), 1,764 performance share units with no vesting yet, and 1,667 shares bought under Nasdaq’s employee stock purchase plan, showing a mix of long-term incentive and purchased stock exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
