Bryan Everard Smith - Feb 22, 2023 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role
Executive Vice President
Signature
/s/ Alex Kogan, by power of attorney
Stock symbol
NDAQ
Transactions as of
Feb 22, 2023
Transactions value $
-$1,451,368
Form type
4
Date filed
2/24/2023, 03:22 PM
Previous filing
Jan 4, 2023
Next filing
Feb 27, 2023

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 +46.8K +115.08% $0.00 87.5K Feb 22, 2023 Direct F1
transaction NDAQ Common Stock, par value $0.01 per share Tax liability -$1.45M -25.4K -29.05% $57.10 62.1K Feb 22, 2023 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, 2020 through December 31, 2022.
F2 Represents the surrender of shares to pay withholding taxes in connection with vestings of equity previously granted under Nasdaq's Equity Incentive Plan.
F3 Represents (i) 12,372 shares or units of restricted stock, of which 870 are vested, (ii) 46,255 shares underlying PSUs, all of which are vested and (iii) 3,456 shares purchased under the Employee Stock Purchase Plan.