Form 4: Cboe Global Markets Executive John P. Sexton Reports Stock Award Vesting and Tax Withholding
SEC Form 4 Filing
Executive Vice President, General Counsel, and Corporate Secretary of Cboe Global Markets, John P. Sexton, reports the vesting of performance-based restricted stock units and subsequent tax withholding.
Summary
- On February 10, 2025, John P. Sexton, EVP, GC AND CORP SEC of Cboe Global Markets, Inc., had a transaction involving the company's common stock.
- 5,734 shares were acquired due to the vesting of performance-based restricted stock units (PSUs) awarded on February 19, 2022, based on performance metrics achieved between January 1, 2022, and December 31, 2024.
- 1,861 shares were disposed of to satisfy tax withholding obligations related to the vesting of the PSUs at a price of $209.71 per share.
- Following these transactions, Sexton directly owns 20,442 shares of Cboe Global Markets, Inc. common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects standard executive compensation practices and regulatory filings.
Positives
- The vesting of performance-based restricted stock units suggests that Cboe Global Markets, Inc. met certain pre-established performance metrics during the specified period.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders can monitor executive compensation and alignment with company performance through this disclosure.
Key Dates
| Date | Description |
|---|---|
| February 19, 2022 | Date the performance-based restricted stock units (PSUs) were awarded to the Reporting Person. |
| January 1, 2022 to December 31, 2024 | Performance period for the PSUs. |
| February 10, 2025 | Date of the stock award vesting and tax withholding. |
| February 12, 2025 | Date of signature for the Form 4 filing. |
Keywords
Cboe Global Markets, John P. Sexton, Form 4, Stock Vesting, PSU, Tax Withholding, Beneficial Ownership, Securities, Executive Compensation
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