Form 4: ICE Executive's Stock Transactions & Vesting Update

Intercontinental Exchange SVP Douglas Foley reported the vesting of restricted stock units, tax withholding, and a new RSU grant, impacting his beneficial ownership.

Summary

• Douglas Foley, SVP, HR & Administration at Intercontinental Exchange, Inc. (ICE), reported changes in his beneficial ownership of common stock.
• On February 10, 2026, 268 shares of common stock were withheld to satisfy tax obligations related to the vesting of previously granted restricted stock units. The shares were valued at $169.48 each.
• On the same date, Foley acquired 2,275 restricted stock units as a new award, which will vest over three years, with one-third vesting on each anniversary of the award date.
• Following these transactions, Foley's total beneficial ownership in ICE stands at 28,934 shares, which includes common stock, unvested restricted stock units (RSUs), and performance-based restricted stock units (PSUs) for which the performance period has been satisfied.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine executive compensation activities and compliance with SEC disclosure requirements, with no immediate positive or negative implications for the company's operational or financial performance.

Positives

• Douglas Foley received a new grant of 2,275 restricted stock units on February 10, 2026, indicating continued incentive alignment with the company's long-term performance.

Negatives

• NA

Risks

• NA

Future Outlook

Future vesting events are scheduled for restricted stock units and performance-based restricted stock units through February 2029 and December 2028, respectively, indicating ongoing long-term incentive alignment for the executive.

Management Comments

• NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership and compensation structures, which is standard practice across the financial services industry.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and stock ownership, aligning executive interests with long-term company performance through equity awards.
• Employees: Reflects standard executive incentive programs, which can influence broader compensation strategies.

Next Steps

• The remaining 1,197 shares from the February 10, 2025 RSU award are scheduled to be issued on February 10, 2027, and February 10, 2028.
• The newly granted 2,275 restricted stock units will vest in three equal annual installments on the anniversary of the award date (February 10, 2027, 2028, 2029).
• Determination and reporting of shares for 2024, 2025, and 2026 TSR and EBITDA PSUs are scheduled for February 2027, February 2028, and February 2029, respectively.
• Determination of shares for Deal Incentive Awards PSUs is scheduled for December 2026, December 2027, and December 2028, subject to additional time-based vesting and a one-year holding period.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, including the vesting of restricted stock units, tax withholding, and a new RSU grant. It does not contain information that would fundamentally alter the investment thesis for Intercontinental Exchange, Inc. Therefore, a 'hold' recommendation is appropriate as the filing provides transparency but no new material information to warrant a change in investment stance.

Keywords

Intercontinental Exchange, ICE, Form 4, insider trading, stock ownership, restricted stock units, RSU, PSU, executive compensation, Douglas Foley