Form 4: Cboe Global Markets Director, Ivan K. Fong, Reports Acquisition of Common Stock

Director Ivan K. Fong reported acquiring 937 shares of Cboe Global Markets, Inc. common stock on May 16, 2024, through a restricted stock unit award.

Summary

• On May 20, 2024, Ivan K. Fong, a director of Cboe Global Markets, Inc., filed a Form 4 with the SEC.
• The report details a transaction on May 16, 2024, where Mr. Fong acquired 937 shares of common stock through a restricted stock unit (RSU) award.
• The RSUs were granted under the company's Second Amended and Restated Long-Term Incentive Plan and meet the requirements of Rule 16b-3.
• Each RSU represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock.
• The RSUs will vest on May 16, 2025, contingent upon Mr. Fong's continuous service through that date.
• Following the reported transaction, Mr. Fong beneficially owns 6,182 shares of Cboe Global Markets, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future. The sentiment is neutral to slightly positive.

Positives

• The RSU award 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 vesting of the RSUs on May 16, 2025, is contingent upon the director's continued service with the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. RSU grants are a common form of executive compensation in the financial services industry.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates