In a new SEC filing on December 26, it was revealed that Robie, EVP at FactSet Research Systems (NYSE:FDS), executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, Robie, EVP at FactSet Research Systems, executed a strategic derivative sale. This involved exercising stock options for 4,519 shares of FDS, resulting in a transaction value of $1,220,864.
The latest update on Wednesday morning shows FactSet Research Systems shares down by 0.0%, trading at $472.31. At this price, Robie's 4,519 shares are worth $1,220,864.
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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.
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