Nasdaq director gets 4,151 RSUs, surrenders shares for tax
Nasdaq, Inc. director Kazim Essa reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Nasdaq, Inc. director Kazim Essa reported routine equity compensation activity. On June 10, 2026, he received 4,151 shares of common stock as a grant under Nasdaq's Equity Incentive Plan, tied to Restricted Stock Units. On June 11, 2026, 622 shares were surrendered to cover withholding taxes related to a prior equity vesting, not an open-market sale. Following these transactions, he holds 146,917 RSUs granted under the plan, of which 142,766 are vested as of the Form 4 filing date.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kazim Essa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 622 | $86.72 | $54K |
| Grant/Award | Common Stock, par value $0.01 per share | 4,151 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 146,917 shares (Direct)
Holdings Before and After:
Common Stock, par value $0.01 per share, 143,388 to 146,917 shares (Direct)
Footnotes (3)
- F1. Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The entirety of the RSUs vest on June 10, 2027.
- F2. Represents the surrender of shares to pay withholding taxes in connection with a vesting of equity previously granted under Nasdaq's Equity Incentive Plan.
- F3. Represents 146,917 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 142,766 are vested as of the filing date of this Form 4.
Key Figures
Equity grant: 4,151 shares
Grant price: $0.0000 per share
Tax withholding shares: 622 shares
+3 more
6 metrics
Equity grant
4,151 shares
Common stock granted on June 10, 2026 under Equity Incentive Plan
Grant price
$0.0000 per share
Reported transaction price per share for 4,151-share grant
Tax withholding shares
622 shares
Surrendered June 11, 2026 to pay withholding taxes on prior vesting
Withholding reference price
$86.72 per share
Price used for 622-share tax-withholding disposition
RSUs outstanding
146,917 RSUs
Granted under Nasdaq’s Equity Incentive Plan as of Form 4 filing
Vested RSUs
142,766 RSUs
Portion of 146,917 RSUs vested as of filing date
Key Terms
Restricted Stock Units (RSUs), Equity Incentive Plan, withholding taxes
3 terms
Restricted Stock Units (RSUs) financial
"Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Equity Incentive Plan financial
"granted pursuant to 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.
withholding taxes financial
"Represents the surrender of shares to pay withholding taxes in connection with a vesting of equity previously granted"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Nasdaq (NDAQ) director Kazim Essa report?
Kazim Essa reported a grant of 4,151 shares of Nasdaq common stock from an equity incentive award and a surrender of 622 shares to cover withholding taxes on a prior vesting, both reflected as routine compensation-related transactions.
What equity award did Kazim Essa receive from Nasdaq (NDAQ)?
He received 4,151 shares of Nasdaq common stock as part of a Restricted Stock Unit award under the company’s Equity Incentive Plan. Footnotes state each unit represents a contingent right to one share of common stock, with vesting scheduled for June 10, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
