Form 4: Cboe Global Markets CEO Fredric Tomczyk Acquires 44,471 Restricted Stock Units
SEC Form 4 Filing
Cboe Global Markets CEO Fredric J. Tomczyk reported the acquisition of 44,471 restricted stock units (RSUs) on February 19, 2025, which vest in three equal annual installments starting February 19, 2026.
Summary
- On February 19, 2025, Fredric J. Tomczyk, CEO of Cboe Global Markets, Inc., acquired 44,471 restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock.
- The RSUs vest in three equal annual installments beginning on February 19, 2026.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of RSUs by the CEO is a standard practice and aligns his interests with shareholders. The vesting schedule indicates a long-term commitment.
Positives
- The acquisition of restricted stock units by the CEO aligns his interests with those of the shareholders.
Future Outlook
The vesting of the restricted stock units in three equal annual installments beginning on February 19, 2026, suggests a long-term commitment by the CEO to the company's success.
Industry Context
This type of equity compensation is common for executives in publicly traded companies to incentivize performance and align interests with shareholders.
Comparison to Industry Standards
- Equity compensation packages for CEOs in the financial services industry typically include a mix of salary, bonus, stock options, and restricted stock units.
- The specific terms of these packages, such as vesting schedules and performance metrics, vary depending on the company's size, performance, and strategic goals.
- Comparable companies such as Intercontinental Exchange (ICE) and Nasdaq, Inc. (NDAQ) also utilize similar equity compensation strategies for their executives.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it aligns the CEO's interests with the company's long-term performance.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of transaction: Fredric J. Tomczyk acquired 44,471 restricted stock units. |
| 02/19/2026 | First vesting date: The restricted stock units vest in three equal annual installments beginning on this date. |
| 02/21/2025 | Date of filing: The Form 4 was signed on this date. |
Keywords
Cboe Global Markets, Fredric Tomczyk, Restricted Stock Units, RSU, Form 4, Beneficial Ownership, Equity Securities, CEO
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