Form 4: Cboe SVP Allen Wilkinson Reports RSU Vesting, Stock Transactions

Cboe Global Markets' SVP and Chief Accounting Officer, Allen Wilkinson, reported the vesting and subsequent acquisition and tax-related disposition of common stock derived from Restricted Stock Units.

Summary

• Allen Wilkinson, SVP and Chief Accounting Officer of Cboe Global Markets, Inc. (CBOE), reported multiple transactions involving common stock and Restricted Stock Units (RSUs) on February 19, 2026.
• Wilkinson acquired a total of 787 shares of common stock through the exercise/conversion of derivative securities (RSUs) at a price of $286.17 per share.
• Concurrently, Wilkinson disposed of a total of 377 shares of common stock at $286.17 per share to cover tax liabilities associated with the RSU vesting.
• The transactions resulted in a net increase of 410 shares in direct beneficial ownership of common stock following the reported transactions, bringing the total to 658 shares.
• Several tranches of Restricted Stock Units vested on February 19, 2026, including 242 units (vesting began 02/19/2024), 268 units (vesting began 02/19/2025), and 277 units (vesting began 02/19/2026).
• Additionally, Wilkinson acquired 664 new Restricted Stock Units on February 19, 2026, which are scheduled to vest in three equal annual installments beginning on February 19, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting routine executive compensation activities without indicating any significant operational or strategic shifts for Cboe Global Markets.

Positives

• The vesting of Restricted Stock Units represents a realization of long-term incentive compensation for the SVP, Chief Accounting Officer.
• The acquisition of common stock through RSU conversion increases the direct ownership stake of a key executive in Cboe Global Markets, aligning management interests with shareholders.

Negatives

• A portion of the acquired shares was immediately disposed of to cover tax obligations, which is a common practice but reduces the net increase in direct ownership.

Future Outlook

The filing indicates future vesting events for Restricted Stock Units, with 664 units scheduled to begin vesting in three equal annual installments starting February 19, 2027.

Industry Context

StockSavvy.ai notes that routine insider transactions like RSU vesting and tax-related sales are common in executive compensation structures across the financial services industry, reflecting standard practices for long-term incentive plans designed to align executive interests with shareholder value over time.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation events, but they reflect ongoing executive alignment through equity ownership.

Next Steps

• Future vesting of 664 Restricted Stock Units in three equal annual installments beginning February 19, 2027.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, specifically the vesting of Restricted Stock Units and subsequent tax-related stock dispositions. Such transactions are standard and do not provide new fundamental information to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a compelling reason to buy or sell.

Keywords

Cboe Global Markets, CBOE, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Acquisition, Tax Disposition