Form 4: Cboe Global Markets Director James E. Parisi Reports Stock Award and Holdings
SEC Form 4 Filing
Director James E. Parisi of Cboe Global Markets, Inc. reports the acquisition of restricted stock units and adjustments to his holdings.
Summary
- On May 16, 2024, James E. Parisi, a director of Cboe Global Markets, Inc., reported a transaction involving the company's common stock.
- Parisi acquired 937 shares of common stock through a restricted stock unit (RSU) award.
- These 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 continuous service through that date.
- Following the reported transaction, Parisi beneficially owns 8,710 shares of Cboe Global Markets, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.
Positives
- The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
- The vesting condition of continuous service encourages the director's continued commitment to Cboe Global Markets, Inc.
Future Outlook
The director's future stock ownership will be influenced by the vesting of the restricted stock units in May 2025, contingent on continued service.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- Shareholders may view the RSU grant as a positive incentive for the director to contribute to the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Acquisition of restricted stock units. |
| 05/16/2025 | Vesting date for the restricted stock units, contingent upon continuous service. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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