Frederick Philip Snow - Nov 1, 2023 Form 4 Insider Report for FACTSET RESEARCH SYSTEMS INC (FDS)

Signature
/s/ RACHEL R. STERN, Attorney in Fact for Frederick Philip Snow
Stock symbol
FDS
Transactions as of
Nov 1, 2023
Transactions value $
-$806,640
Form type
4
Date filed
11/3/2023, 08:11 PM
Previous filing
Oct 2, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDS Common Stock Options Exercise $495K +3K +36.07% $164.90 11.3K Nov 1, 2023 Direct
transaction FDS Common Stock Sale -$1.3M -3K -26.51% $433.78 8.32K Nov 1, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FDS Employee Stock Option (right to buy) Award $0 +22.6K $0.00 22.6K Nov 1, 2023 Common Stock 22.6K $436.57 Direct F2
transaction FDS Employee Stock Option (right to buy) Options Exercise $0 -3K -7.14% $0.00 39K Nov 1, 2023 Common Stock 3K $164.90 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This Transaction was effected pursuant to a Rule 10b5-1 Plan adopted by Mr. Snow on April 27, 2023, with an effective date of August 1, 2023, in order to facilitate his exercise of non-qualified stock options. Accordingly, Mr. Snow had no discretion with regard to the timing of the transaction.
F2 Options vest 20% annually on the anniversary date of the grant and are fully vested after five years.
F3 Options were granted on July 1, 2015, and vest over a nine year period with 11.11% exercisable on each of the first nine anniversaries of the date of grant.