Form 4: Cboe Global Markets EVP Catherine Clay Reports Stock Transactions

Sentiment:

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

DateDescription
February 19, 2022Date of grant for the performance-based restricted stock units (PSUs).
January 1, 2022 to December 31, 2024Performance period for the PSUs.
February 10, 2025Date of transaction and Compensation Committee determination of PSU achievement.
February 12, 2025Date 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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