Form 4: Cboe CFO Jill Griebenow's Equity Transactions

Cboe Global Markets CFO Jill Griebenow reported the vesting and conversion of restricted stock units into common stock, alongside a new RSU grant.

Summary

• Jill Griebenow, EVP, CFO of Cboe Global Markets, Inc. (CBOE), reported multiple transactions involving common stock and Restricted Stock Units (RSUs) on February 19, 2026.
• Griebenow acquired a total of 4,600 shares of common stock through the vesting and conversion of previously granted RSUs at a price of $286.17 per share.
• Concurrently, 2,040 shares were disposed of at $286.17 per share, likely to cover tax obligations related to the RSU vesting.
• Following these transactions, Griebenow's direct beneficial ownership of common stock increased to 17,081 shares.
• Additionally, Griebenow was granted 4,980 new Restricted Stock Units (RSUs) on February 19, 2026, which will vest in three equal annual installments beginning February 19, 2027.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive routine filing. While there are tax-related dispositions, the net increase in beneficial ownership and the new RSU grant demonstrate continued executive alignment and commitment to the company's long-term performance.

Positives

• The reporting person's direct beneficial ownership of common stock increased from 14,953 shares to 17,081 shares following the reported transactions.
• A new grant of 4,980 Restricted Stock Units (RSUs) was awarded, aligning executive incentives with long-term shareholder value.

Negatives

• A total of 2,040 shares of common stock were disposed of at $286.17 per share, likely for tax withholding purposes upon RSU vesting.

Future Outlook

The newly granted 4,980 Restricted Stock Units will vest in three equal annual installments, commencing on February 19, 2027, indicating future equity compensation for the CFO.

Industry Context

StockSavvy.ai notes that the reported transactions, involving the vesting of Restricted Stock Units and a new RSU grant, are standard practices in executive compensation across the financial services industry. This aligns the interests of key executives, such as the CFO, with the long-term performance of the company, a common governance strategy among publicly traded exchanges and market operators.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a significant component of executive compensation is a widely adopted practice across major financial institutions and exchanges, similar to how executives at companies like Nasdaq, Intercontinental Exchange (ICE), and CME Group receive equity-based incentives.
• The vesting schedule of three equal annual installments is a common structure designed to promote long-term retention and performance, consistent with industry benchmarks for executive equity awards.

Stakeholder Impact

• Shareholders: Increased alignment of the CFO's interests with long-term shareholder value through equity ownership and future RSU vesting.
• Employees: Reflects standard executive compensation practices, potentially influencing broader compensation strategies within the company.

Next Steps

• Future vesting of 4,980 Restricted Stock Units in three equal annual installments beginning February 19, 2027.

Key Dates

Keywords

Cboe Global Markets, CBOE, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Executive Compensation, Equity Grant