Daly Michelle Lynn 4
4 · NASDAQ, INC. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Nasdaq SVP Michelle Daly Withholds 424 Shares for Taxes
What Happened
- Michelle Lynn Daly, SVP, Controller & Principal Accounting Officer of Nasdaq, had 424 shares withheld to satisfy tax obligations related to the settlement of an equity award. The withholding was recorded at $86.65 per share, representing $36,740 of value. This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: April 3, 2026 — 424 shares withheld at $86.65 each (total value $36,740).
- Filing date: Form 4 filed April 7, 2026 (no late-filing flag indicated in the filing).
- Holdings reported after transaction (per footnote): 7,981 restricted stock/units (1,194 vested), 1,764 performance stock units (none vested), and 1,667 shares purchased under the Employee Stock Purchase Plan.
- Footnote: The reported disposition was tax withholding in connection with settlement of an equity award (footnote F1).
Context
- This was a routine tax-withholding action tied to an equity award settlement (cashless withholding) and does not by itself indicate a personal buy or sell decision about the company’s stock. Tax withholdings are common when restricted stock or option awards vest/settle.
Insider Transaction Report
Form 4
NASDAQ, INC.NDAQ
Daly Michelle Lynn
SVP, Controller & PAO
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
[F1][F2]2026-04-03$86.65/sh−424$36,740→ 11,412 total
Footnotes (2)
- [F1]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.
- [F2]Represents (i) 7,981 shares or units of restricted stock, of which 1,194 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.
Signature
/s/ Alex Kogan, by power of attorney|2026-04-07