FactSet CTO Gene Fernandez to depart; severance includes $950k cash, accelerated equity

FACTSET RESEARCH SYSTEMS INC

Chief Technology and Content Officer Gene Fernandez to depart by Aug 31, 2022 or when successor named; employment ends Nov 30, 2022.
Receives ~$950k cash severance (base salary + target bonuses).
Accelerated vesting of next stock option tranche from 2018-2021 grants; pro-rata PSUs settle in 2023/2024 subject to goals.
Health insurance reimbursement ~$25.7k for 12 months; outplacement up to $25k.
Agreement includes customary release of claims; terms consistent with Executive Severance Plan.

item 5.02

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Departed

Gene D. Fernandez

Chief Technology and Content Officer

FDS · FACTSET RESEARCH SYSTEMS INC

Effective: 2022-08-31
Filed: April 27, 2022, 7:59 PM ET

Mr. Fernandez will remain in his current position as FactSet’s Chief Technology and Content Officer until the earlier of August 31, 2022, or the appointment of his successor

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gene D. Fernandez departed as Chief Technology and Content Officer at FACTSET RESEARCH SYSTEMS INC.

Action: entered into a Separation Agreement
Role: Chief Technology and Content Officer

Exact text from the filing

Mr. Fernandez will remain in his current position as FactSet’s Chief Technology and Content Officer until the earlier of August 31, 2022, or the appointment of his successor

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FACTSET RESEARCH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001013237-22-000076

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