Form 4: Cboe Global Markets EVP Adam Inzirillo Reports Stock Transactions

Adam Inzirillo, EVP at Cboe Global Markets, reports the acquisition and disposal of common stock and restricted stock units on February 19th and 20th, 2025.

Summary

• On February 19, 2025, Adam Inzirillo, EVP of Data Vantage at Cboe Global Markets, executed multiple transactions involving common stock and restricted stock units.
• These transactions included the acquisition of common stock through the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
• Specifically, Inzirillo acquired 757, 796, 41, and 402 shares of common stock at a price of $210.25 through the exercise of restricted stock units.
• Simultaneously, Inzirillo disposed of 385, 394, 21, and 221 shares of common stock at $210.25 to satisfy tax withholding requirements.
• On February 20, 2025, Inzirillo sold 200 shares of common stock at $209.67.
• Following these transactions, Inzirillo directly owns 1,993 shares of common stock.
• Inzirillo also holds 796, 42, 804, and 1,190 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It simply reflects the executive's trading activity.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives at publicly traded companies like Cboe Global Markets.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders across all publicly traded companies, including competitors of Cboe Global Markets such as Nasdaq, Intercontinental Exchange (ICE), and London Stock Exchange Group (LSEG).
• The reporting requirements and timelines are consistent across these companies, ensuring transparency in insider trading activities.
• The types of transactions reported (stock options, restricted stock units, open market purchases/sales) are also typical for executive compensation packages in the financial services industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible given the volume of shares traded relative to the company's total outstanding shares.

Key Dates