Kazim Essa 4

What Happened Kazim Essa, a director of Nasdaq, was awarded 4,151 restricted stock units (RSUs) on 2026-06-10 (no cash paid). The next day, 622 shares were surrendered to cover withholding taxes in connection with a vesting event; those surrendered shares were recorded at $86.72 each, totaling $53,940. The RSU award vests in full on June 10, 2027 and represents a contingent right to receive common stock (no immediate open‑market purchase).

Key Details

• Transactions: 2026-06-10 — Award/Grant (code A) of 4,151 RSUs at $0.00; 2026-06-11 — Tax withholding (code F) surrender of 622 shares @ $86.72 (total $53,940).
• Filing: Form 4 filed 2026-06-12 (timely relative to the reported dates). Accession: 0001193125-26-269403.
• Shares owned after transaction: the filing excerpt does not state total common shares owned; it notes 146,917 RSUs granted in total (footnote) of which 142,766 were vested as of the filing date.
• Footnotes: F1 — RSU award under Nasdaq’s Equity Incentive Plan; vests 6/10/2027. F2 — surrender of shares to pay withholding taxes. F3 — reporting of aggregate RSU holdings (146,917 RSUs; 142,766 vested).

Context This filing shows an equity award (RSUs) and a routine share surrender to cover taxes — common for equity compensation. The RSUs are a contingent grant (not an open‑market buy) and will convert to shares only upon vesting. The surrender of shares for taxes is a withholding mechanism, not an open‑market sale indicating a discretionary divestiture.