Form 4: Cboe Global Markets Director Edward J. Fitzpatrick Reports Acquisition of Restricted Stock Units

Director Edward J. Fitzpatrick reports acquisition of 729 restricted stock units in Cboe Global Markets, Inc.

Summary

• On May 6, 2025, Edward J. Fitzpatrick, a director of Cboe Global Markets, Inc., acquired 729 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the company's Third Amended and Restated Long-Term Incentive Plan and meet the requirements of Rule 16b-3.
• Each unit represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock.
• The restricted stock units will vest on May 6, 2026, contingent upon continuous service through that date.
• Following the transaction, Fitzpatrick beneficially owns 16,868 shares of Cboe Global Markets, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction related to executive compensation, indicating alignment of interests between the director and the company's long-term performance.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting requirement encourages continued service and commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock units on May 6, 2026, is contingent upon continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Comparison to Industry Standards

• Granting restricted stock units is a common practice among publicly traded companies to align executive compensation with shareholder value.
• Companies like Intercontinental Exchange (ICE) and Nasdaq, Inc. also utilize similar equity-based compensation plans for their executives.
• The vesting period of one year is fairly standard, as it encourages long-term commitment from the director.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

Cboe Global Markets, restricted stock units, Form 4, beneficial ownership, director, equity securities, Fitzpatrick, vesting