Lars Ottersgard - 23 Feb 2022 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role
Executive Vice President
Signature
/s/ Alex Kogan, by power of attorney
Issuer symbol
NDAQ
Transactions as of
23 Feb 2022
Net transactions value
-$2,007,516
Form type
4
Filing time
25 Feb 2022, 15:21:27 UTC
Previous filing
25 Aug 2021
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDAQ Common Stock, par value $0.01 per share Award $0 +20,940 +152% $0.000000 34,723 23 Feb 2022 Direct F1
transaction NDAQ Common Stock, par value $0.01 per share Tax liability $2,007,516 -11,936 -34% $168.19 22,787 23 Feb 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement of performance share units (PSUs) that were previously granted under Nasdaq's Equity Incentive Plan. The ultimate amount of shares to be received under the grant depended upon the achievement of performance goals during a three-year performance period from January 1, 2019 through December 31, 2021.
F2 Represents the surrender of shares to pay withholding taxes in connection with the settlement of PSUs, as described above.
F3 Represents (i) 13,873 shares underlying PSUs, all of which are vested, (ii) 3,974 shares or units of restricted stock, of which none are vested, and (iii) 4,940 shares purchased under the Employee Stock Purchase Plan.