Form 4: Cboe Global Markets Executive Vice President John P. Sexton Reports Stock Transactions

Executive Vice President John P. Sexton of Cboe Global Markets reports the vesting and subsequent sale of restricted stock units, along with the acquisition of additional units.

Summary

• On February 19, 2025, John P. Sexton, EVP, GC AND CORP SEC of Cboe Global Markets, engaged in multiple transactions involving Cboe Global Markets, Inc. common stock.
• These transactions included the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax obligations.
• Specifically, 1,012, 975, and 902 shares were acquired upon the vesting of RSUs, and corresponding amounts of 449, 432, and 400 shares were disposed of to satisfy tax withholding requirements, all at a price of $210.25.
• Additionally, 2,640 restricted stock units were acquired, vesting in three equal annual installments beginning February 19, 2026.
• Following these transactions, Sexton directly owns 22,050 shares of Cboe Global Markets, Inc. common stock and 2,640 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment due to continued alignment of executive interests with company performance.

Positives

• The acquisition of 2,640 new restricted stock units indicates continued alignment of the executive's interests with the company's long-term performance.
• The vesting of RSUs is part of a pre-determined schedule, suggesting consistent compensation practices.

Future Outlook

The reporting person will continue to receive restricted stock units that vest in the future, aligning their interests with the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Cboe Global Markets.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are a standard practice in the financial services industry.
• Companies like Intercontinental Exchange (ICE) and Nasdaq, Inc. also utilize equity-based compensation to incentivize their executives.
• The vesting schedules and amounts of RSUs are generally aligned with industry benchmarks for executive compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation arrangements.
• Shareholders may view the continued equity ownership by executives as a positive sign of alignment with their interests.

Key Dates

Keywords

Cboe Global Markets, John P. Sexton, restricted stock units, Form 4, insider trading, stock options, equity compensation, vesting, acquisition, disposition