Daly Michelle Lynn 4
4 · NASDAQ, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
NASDAQ SVP Michelle Daly Receives RSU Award; Shares Withheld for Taxes
What Happened Michelle Daly, Senior Vice President, Controller & Principal Accounting Officer of NASDAQ, was granted 2,025 Restricted Stock Units (RSUs) on April 1, 2026 (transaction code A, grant at $0.00). In connection with the settlement, 832 shares were withheld to satisfy tax withholding obligations (transaction code F) at an indicated value of $84.89 per share, totaling approximately $70,628. The withholding represents a disposition on the Form 4 but is a tax-related retention, not an open-market sale.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (appears timely — Form 4 is generally due within 2 business days).
- Grant: 2,025 RSUs (A) at $0.00; RSUs represent a contingent right to one share each.
- Tax withholding: 832 shares (F) withheld at $84.89/share = ~$70,628 (shares disposed to cover taxes).
- Holdings reported after the transaction (per filing footnote): 8,405 restricted shares/units (791 vested), 1,764 shares underlying PSUs (none vested), and 1,667 shares purchased under the Employee Stock Purchase Plan.
- Footnotes: F1 — RSU vesting schedule: 33% on 4/1/2028, 33% on 4/1/2029, remainder on 4/1/2030. F2 — shares withheld for taxes. F3 — detailed holdings breakdown.
Context RSU grants are compensation awards and do not necessarily indicate buying or selling sentiment; the withholding of shares to cover taxes is a routine administrative step (not an open-market sale). The grant vests over three years per the schedule noted above. This filing documents an award and tax-withholding event rather than a market purchase or sale.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-04-01+2,025→ 12,668 total - Tax Payment
Common Stock, par value $0.01 per share
[F2][F3]2026-04-01$84.89/sh−832$70,628→ 11,836 total
Footnotes (3)
- [F1]Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
- [F2]Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
- [F3]Represents (i) 8,405 shares or units of restricted stock, of which 791 are vested, (ii) 1,764 shares of Common Stock underlying PSUs, none of which are vested and, (iii) 1,667 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.