Director at Nasdaq (NDAQ) receives 5,246 RSUs vesting in 2027
Rhea-AI Filing Summary
SPLINTER MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.
NASDAQ, INC. director Michael R. Splinter reported a new stock-based compensation award and updated holdings. He received an award of 5,246 Restricted Stock Units (RSUs) under Nasdaq's Equity Incentive Plan, with the entire grant vesting on June 10, 2027. Each RSU represents a contingent right to receive one share of Nasdaq common stock.
Following this grant, he holds 217,988 RSUs in total, of which 212,742 were vested as of the filing date. In addition, 15,225 shares of common stock are held indirectly through family trusts, which reflect shares he previously gifted and for which he serves as trustee. These transactions reflect equity compensation and prior gifting activity rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,246 shares
Net Buy
2 txns
Insider
SPLINTER MICHAEL R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 5,246 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 217,988 shares (Direct);
Common Stock, par value $0.01 per share — 15,225 shares (Indirect, Held by family trusts)
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 217,988 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 212,742 are vested as of the filing date of this Form 4.
- F3. Reflects shares gifted by the reporting person to family trusts, of which the reporting person is a trustee.
Key Figures
New RSU grant: 5,246 RSUs
Total RSUs held: 217,988 RSUs
Vested RSUs: 212,742 RSUs
+2 more
5 metrics
New RSU grant
5,246 RSUs
Award under Nasdaq Equity Incentive Plan vesting June 10, 2027
Total RSUs held
217,988 RSUs
Aggregate RSUs granted under Nasdaq's Equity Incentive Plan
Vested RSUs
212,742 RSUs
Vested as of the Form 4 filing date
Indirect common shares
15,225 shares
Common stock held by family trusts after prior gifts
Direct common shares after grant
217,988 shares-equivalent
Total RSUs reported following the 5,246-unit award
Key Terms
Restricted Stock Units (RSUs), Equity Incentive Plan, vest, family trusts
4 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
"Represents an award of Restricted Stock Units (RSUs) 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.
vest financial
"The entirety of the RSUs vest on June 10, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
family trusts financial
"Reflects shares gifted by the reporting person to family trusts, of which the reporting person is a trustee."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Nasdaq (NDAQ) director Michael R. Splinter report in this Form 4?
Michael R. Splinter reported a grant of 5,246 Restricted Stock Units (RSUs) and updated his stock-based holdings. The filing also reflects indirect ownership of 15,225 shares held in family trusts that received previously gifted shares.
How many RSUs did Michael R. Splinter receive from Nasdaq (NDAQ)?
He received 5,246 Restricted Stock Units (RSUs) under Nasdaq’s Equity Incentive Plan. Each RSU represents a contingent right to one share of common stock, providing additional equity-based compensation tied to future vesting conditions.
When do Michael R. Splinter’s newly granted Nasdaq (NDAQ) RSUs vest?
The entire grant of 5,246 Restricted Stock Units vests on June 10, 2027. Vesting means he becomes entitled to receive one share of Nasdaq common stock for each RSU at that future date, assuming applicable conditions are met.
How many total RSUs does Michael R. Splinter hold in Nasdaq (NDAQ)?
He holds 217,988 RSUs granted under Nasdaq’s Equity Incentive Plan. Of this total, 212,742 RSUs were already vested as of the Form 4 filing date, indicating a substantial portion is currently deliverable as common shares over time.
What indirect Nasdaq (NDAQ) holdings does Michael R. Splinter report?
He reports indirect ownership of 15,225 Nasdaq common shares held by family trusts. These shares reflect gifts he previously made to the trusts, where he serves as trustee, rather than recent market purchases or sales.
Are Michael R. Splinter’s Nasdaq (NDAQ) transactions open-market trades?
No, the Form 4 shows an RSU grant as equity compensation and indirect holdings in family trusts. The filing does not report open-market purchases or sales, but rather stock-based awards and previously gifted shares held in trust.