secwatch.observer — SEC 8-K summary
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Issuer:     FACTSET RESEARCH SYSTEMS INC (FDS)
CIK:        0001013237
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001013237-22-000076
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013237/000101323722000076/0001013237-22-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013237/000101323722000076/fds-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001013237-22-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer