Form 4: Cboe Global Markets EVP Catherine Clay Reports Stock Transactions
SEC Form 4 Filing
Catherine Clay, EVP of Global Derivatives at Cboe Global Markets, reports the acquisition and disposal of company stock related to vesting of restricted stock units.
Summary
- Catherine Clay, an EVP at Cboe Global Markets, reported transactions involving the company's common stock on February 10, 2025.
- She disposed of 3,000 shares at $211.85 per share.
- She acquired 4,291 shares related to the vesting of performance-based restricted stock units (PSUs) awarded on February 19, 2022.
- 1,292 shares were withheld to cover tax obligations at a price of $209.71.
- Following these transactions, Clay directly owns 4,327 shares of Cboe Global Markets stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports stock transactions related to executive compensation. The vesting of PSUs suggests the company met performance targets, which is mildly positive.
Positives
- The vesting of performance-based restricted stock units suggests that the company met certain performance goals.
Industry Context
Form 4 filings are standard disclosures for corporate insiders, providing transparency into their trading activities and holdings in their own company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| February 19, 2022 | Date of grant for the performance-based restricted stock units (PSUs). |
| January 1, 2022 to December 31, 2024 | Performance period for the PSUs. |
| February 10, 2025 | Date of transaction and Compensation Committee determination of PSU achievement. |
| February 12, 2025 | Date of filing the Form 4. |
Keywords
Cboe Global Markets, Catherine Clay, stock transaction, Form 4, PSU, restricted stock units, insider trading
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