Form 4: Cboe Global Markets EVP Reports Stock Transactions

Cboe Global Markets' EVP, General Counsel, and Corporate Secretary, John P. Sexton, reported multiple transactions involving common stock and restricted stock units on February 19, 2026.

Summary

• John P. Sexton, Executive Vice President, General Counsel, and Corporate Secretary of Cboe Global Markets, Inc. (CBOE), reported transactions on February 19, 2026.
• The transactions included the acquisition of common stock upon the vesting and conversion of Restricted Stock Units (RSUs).
• Dispositions of common stock were made to cover tax withholding obligations related to the RSU vesting.
• The reported common stock price for these transactions was $286.17 per share.
• Multiple RSU grants vested, with vesting schedules that began on February 19, 2024, February 19, 2025, and February 19, 2026.
• A new grant of 2,289 Restricted Stock Units was acquired, with vesting scheduled to begin on February 19, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting routine executive compensation events (RSU vesting and associated tax-related stock sales) rather than strategic or operational news.

Positives

• Executive John P. Sexton realized value from previously granted Restricted Stock Units (RSUs), converting them into common stock.
• The vesting of RSUs demonstrates the executive's continued equity participation and alignment with shareholder interests.

Negatives

• Dispositions of common stock were made to satisfy tax withholding obligations, reducing the executive's direct shareholding post-vesting.

Future Outlook

The filing indicates future vesting events for Restricted Stock Units, with a new grant's vesting scheduled to commence on February 19, 2027, in three equal annual installments.

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 are routine disclosures for publicly traded companies, providing transparency into executive compensation and equity ownership changes. These transactions, particularly those related to RSU vesting and tax withholding, are common and generally do not signal a change in company fundamentals or strategic direction.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a widespread practice across various industries, aligning executive incentives with long-term shareholder value.
• The three-year annual installment vesting schedule for RSUs is a common structure designed to retain executives and provide sustained equity exposure.

Stakeholder Impact

• Shareholders: Provides transparency on executive equity ownership and compensation realization, which can foster confidence in management alignment.
• Employees: Reflects standard executive compensation practices, which may influence broader compensation strategies within the company.

Next Steps

• Continued vesting of Restricted Stock Units in three equal annual installments, with the next installment for a new grant beginning on February 19, 2027.

Key Dates

Keywords

Cboe Global Markets, CBOE, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Stock Transaction, John P. Sexton