Form 4: Cboe Global Markets Director, Jill R. Goodman, Reports Acquisition of Restricted Stock Units

Jill R. Goodman, a director of Cboe Global Markets, Inc., reported the acquisition of 937 restricted stock units on May 16, 2024.

Summary

• On May 16, 2024, Jill R. Goodman, a director of Cboe Global Markets, Inc., acquired 937 restricted stock units.
• These restricted stock units were granted under the company's Second Amended and Restated Long-Term Incentive Plan and meet the requirements of Rule 16b-3.
• Each restricted stock unit represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock.
• The restricted stock units will vest on May 16, 2025, provided that Ms. Goodman remains in continuous service through that date.
• Following the transaction, Ms. Goodman beneficially owns 13,873 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a neutral to slightly positive sentiment. It indicates that a director is incentivized to stay with the company and contribute to its success through equity compensation. There are no negative implications.

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 restricted stock units in 2025 suggests an expectation of continued service and contribution from the director.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies like Cboe Global Markets. It provides transparency into the equity ownership of company directors.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to align the interests of executives and directors with those of shareholders.
• The vesting period of one year is a relatively short vesting period compared to other companies, which can range from 3 to 5 years.
• Comparable companies such as Intercontinental Exchange (ICE) and Nasdaq, Inc. (NDAQ) also utilize restricted stock units as part of their executive compensation packages.

Stakeholder Impact

• Shareholders may view the equity compensation as a positive sign, aligning the director's interests with the company's performance.
• Employees may see this as a standard practice for incentivizing leadership.

Key Dates