Form 4: Cboe Global Markets Director Palmore Receives Restricted Stock Units

Director Roderick A. Palmore of Cboe Global Markets, Inc. reports the acquisition of 729 restricted stock units on May 6, 2025, convertible to common stock, under the company's long-term incentive plan.

Summary

• On May 8, 2025, a Form 4 filing was submitted to the SEC by Patrick Sexton, Attorney-in-Fact, on behalf of Roderick A. Palmore, a Director of Cboe Global Markets, Inc.
• The filing reports a transaction that occurred on May 6, 2025, where Palmore acquired 729 restricted stock units (RSUs) at a price of $0.
• These RSUs, granted under Cboe's Third Amended and Restated Long-Term Incentive Plan, represent a contingent right to receive one share of Cboe Global Markets, Inc. common stock per unit.
• The RSUs will vest on May 6, 2026, contingent upon Palmore's continuous service with the company through that date.
• Following the reported transaction, Palmore beneficially owns 27,200 shares of Cboe Global Markets, Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard equity compensation practice, indicating confidence in the director's continued service and alignment with company goals.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of Cboe Global Markets, Inc.
• The vesting condition of continued service encourages the director's ongoing commitment to the company.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors and officers. This filing indicates standard equity compensation practices within publicly traded companies like Cboe Global Markets.

Comparison to Industry Standards

• Equity compensation, including restricted stock units, is a common practice among publicly traded companies to incentivize and retain key personnel.
• Companies like Intercontinental Exchange (ICE) and Nasdaq, Inc. also utilize similar equity-based compensation plans for their directors and executives.
• The vesting schedules and terms of these plans often vary based on company-specific factors and industry benchmarks.

Stakeholder Impact

• The grant of RSUs to a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, Cboe Global Markets, Roderick A. Palmore, Restricted Stock Units, RSU, Beneficial Ownership, Director, SEC Filing, Equity Compensation, Incentive Plan