Form 4: Cboe Global Markets EVP Timothy Lipscomb Granted 376 Restricted Stock Units

Cboe Global Markets' EVP and Chief Technology Officer, Timothy Lipscomb, was granted 376 restricted stock units, vesting in equal annual installments through February 2028.

Summary

• Timothy Lipscomb, Executive Vice President and Chief Technology Officer of Cboe Global Markets, Inc. (CBOE), was granted 376 Restricted Stock Units (RSUs).
• The transaction date for this grant is July 15, 2025.
• Each restricted stock unit represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock.
• The RSUs will vest in three equal annual installments on February 19, 2026, February 19, 2027, and February 19, 2028.
• Following this reported transaction, Timothy Lipscomb beneficially owns 376 derivative securities (Restricted Stock Units).

Sentiment

Score: 7

Explanation: The grant of equity to a key executive is generally a positive signal for executive alignment and retention, though it is a routine compensation event rather than a significant strategic announcement.

Positives

• The grant of Restricted Stock Units to a key executive like the EVP and Chief Technology Officer aligns their long-term interests with those of the shareholders.
• The multi-year vesting schedule through February 2028 serves as an incentive for executive retention and continued contribution to the company's performance.

Future Outlook

The vesting schedule for the granted Restricted Stock Units extends through February 2028, indicating a long-term incentive structure for the executive and a commitment to future performance alignment.

Industry Context

The grant of Restricted Stock Units is a standard component of executive compensation packages across the financial services and exchange industry. This practice is designed to align the interests of key executives with the long-term performance and shareholder value of the company.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for executive compensation is a common and widely accepted practice among publicly traded companies, including major financial exchanges and technology firms such as Nasdaq, Intercontinental Exchange (ICE), and CME Group.
• The vesting schedule, typically over several years, is consistent with industry standards aimed at executive retention and incentivizing sustained performance.
• The grant price of $0 for RSUs is standard, as these units represent a future right to receive shares, often contingent on continued employment and/or performance.

Stakeholder Impact

• Shareholders: The grant aligns the interests of a key executive with long-term shareholder value through equity ownership.
• Employees: May signal stability in executive leadership and a commitment to long-term incentives within the company.

Next Steps

• The Restricted Stock Units are scheduled to vest in three equal annual installments on February 19, 2026, February 19, 2027, and February 19, 2028.

Key Dates

Recommendation

Keywords

Cboe Global Markets, CBOE, Form 4, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Equity Grant, Timothy Lipscomb