Form 4: Intercontinental Exchange COO Reports Stock Transaction
SEC Form 4 Filing
Stuart Glen Williams, COO of Intercontinental Exchange, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 16, 2024, Stuart Glen Williams, the Chief Operating Officer of Intercontinental Exchange, Inc. (ICE), reported a transaction involving common stock.
- 758 shares were withheld to satisfy the issuer's tax withholding obligation at a price of $161.36.
- Following the transaction, Williams beneficially owns 13,998 shares of common stock.
- These holdings include common stock, unvested restricted stock units (RSUs), and unvested performance-based restricted stock units (PSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Future Outlook
The satisfaction of PSUs and Deal Incentive Awards will be determined in future periods and reported at the time of vesting.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
- Employees participating in the Employee Stock Purchase Plan are impacted by the share acquisition.
Next Steps
- Future vesting of RSUs and PSUs will occur on scheduled dates.
- Determination of performance-based awards will be made in future periods.
Key Dates
| Date | Description |
|---|---|
| 09/15/2022 | Date of restricted stock units issued to the filing person, vesting over three years. |
| 09/15/2023 | First vesting date (1/3) of restricted stock units issued on September 15, 2022. |
| 06/28/2024 | Date of acquisition of 98 shares under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan. |
| 09/15/2024 | Second vesting date (1/3) of restricted stock units issued on September 15, 2022. |
| 09/16/2024 | Date of transaction: withholding of 758 shares for tax obligations. |
| 09/15/2025 | Final vesting date (1/3) of restricted stock units issued on September 15, 2022. |
| February 2025 | Determination of 2024 PSUs tied to EBITDA and total shareholder return performance based restricted stock units. |
| February 2026 | Determination of 2023 total shareholder return performance based restricted stock units. |
| February 2027 | Determination of 2024 total shareholder return performance based restricted stock units. |
| December 2026 | Determination of performance based restricted stock units granted as Deal Incentive Awards. |
| December 2027 | Determination of performance based restricted stock units granted as Deal Incentive Awards. |
| December 2028 | Determination of performance based restricted stock units granted as Deal Incentive Awards. |
| 09/18/2024 | Date of signature of the report. |
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