A large exercise of company stock options by Robert J Robie, EVP at FactSet Research Systems (NYSE:FDS) was disclosed in a new SEC filing on May 6, as part of an insider exercise.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday revealed that Robie, EVP at FactSet Research Systems in the Financials sector, exercised stock options for 3,466 shares of FDS stock. The exercise price of the options was $234.63 per share.
Currently, FactSet Research Systems shares are trading down 0.0%, priced at $436.08 during Tuesday's morning. This values Robie's 3,466 shares at $698,230.
All You Need to Know About FactSet Research Systems
FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.
FactSet Research Systems: A Financial Overview
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