Form 4: Intercontinental Exchange CFO Warren Gardiner Reports Acquisition of Restricted Stock Units
SEC Form 4
Warren Gardiner, CFO of Intercontinental Exchange, reports the acquisition of 4,936 restricted stock units on February 10, 2025.
Summary
- On February 10, 2025, Warren Gardiner, the Chief Financial Officer of Intercontinental Exchange, acquired 4,936 restricted stock units.
- These restricted stock units vest over three years, with 1/3 vesting on each anniversary of the award date.
- Gardiner directly owns 23,360 shares of Intercontinental Exchange common stock, which includes vested and unvested restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
- The total includes 10,528 shares of common stock, 4,936 unvested RSUs, and 7,896 unvested PSUs for which the performance period has been satisfied.
- The satisfaction of performance-based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.
Sentiment
Score: 7
Explanation: The document reflects a neutral sentiment as it is a standard regulatory filing related to executive compensation. It indicates continued alignment of the CFO with the company's performance.
Positives
- The acquisition of restricted stock units aligns the CFO's interests with the long-term performance of the company.
Future Outlook
The number of shares to be issued pursuant to performance-based awards will be determined in February 2026, February 2027 and February 2028 and December 2026, December 2027 and December 2028 and will be reported at the time of vesting.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of the transaction where Warren Gardiner acquired restricted stock units. |
| 02/12/2025 | Date of the report filing. |
| December 2026 | Date when the satisfaction of the performance based restricted stock units granted as Deal Incentive Awards will be determined. |
| December 2027 | Date when the satisfaction of the performance based restricted stock units granted as Deal Incentive Awards will be determined. |
| December 2028 | Date when the satisfaction of the performance based restricted stock units granted as Deal Incentive Awards will be determined. |
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