Form 4: Cboe Global Markets Executive John P. Sexton Reports Stock Award Vesting and Tax Withholding

Sentiment:

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

DateDescription
February 19, 2022Date the performance-based restricted stock units (PSUs) were awarded to the Reporting Person.
January 1, 2022 to December 31, 2024Performance period for the PSUs.
February 10, 2025Date of the stock award vesting and tax withholding.
February 12, 2025Date 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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