Form 4: Cboe Global Markets EVP, COO Christopher Isaacson Reports Stock Transactions Following PSU Vesting

Sentiment:

SEC Form 4 Filing


Christopher Isaacson, EVP and COO of Cboe Global Markets, reports acquisition and disposal of common stock related to the vesting of performance-based restricted stock units (PSUs).

Summary

  • On February 10, 2025, Christopher Isaacson, EVP, COO of Cboe Global Markets, engaged in transactions involving the company's common stock.
  • These transactions are related to the vesting of performance-based restricted stock units (PSUs) awarded on February 19, 2022.
  • The vesting was determined by the Compensation Committee based on the achievement of pre-established performance metrics from January 1, 2022, to December 31, 2024.
  • Isaacson acquired 13,994 shares, 3,735 shares and 794 shares of common stock due to PSU vesting and dividend equivalent rights settlement.
  • A total of 7,533 shares were disposed of at a price of $209.71 to cover tax obligations related to the vesting.
  • Following these transactions, Isaacson beneficially owns 50,845 shares of Cboe Global Markets common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the achievement of performance metrics, leading to the vesting of PSUs. It's a routine transaction, but the vesting itself suggests positive performance.

Positives

  • The vesting of PSUs indicates that Cboe Global Markets achieved certain pre-established performance metrics.

Future Outlook

NA

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

  • The vesting of PSUs aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates

DateDescription
February 19, 2022Date the performance-based restricted stock units (PSUs) were awarded to Christopher Isaacson.
January 1, 2022 to December 31, 2024Performance period for the PSUs.
February 10, 2025Date the Compensation Committee determined the level of achievement of performance metrics for the PSUs.
February 10, 2025Date of the stock transactions (acquisition and disposal) related to PSU vesting.
February 12, 2025Date of signature for the Form 4 filing.

Keywords

Cboe Global Markets, Christopher Isaacson, PSU, Performance-Based Restricted Stock Units, Stock Vesting, Form 4, SEC, Executive Compensation, Equity, Shares

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