Form 4: Intercontinental Exchange COO Stuart Glen Williams Reports Stock Transactions
SEC Form 4
Stuart Glen Williams, COO of Intercontinental Exchange, reports acquisition and disposal of common stock related to performance-based restricted stock units.
Summary
- On February 18, 2025, Stuart Glen Williams, the Chief Operating Officer of Intercontinental Exchange, Inc. (ICE), reported transactions involving ICE common stock.
- Williams acquired 4,315 shares of common stock related to performance-based restricted stock units at a price of $0.
- He also disposed of 643 shares of common stock at $166.71 to cover the issuer's tax withholding obligation.
- Following these transactions, Williams beneficially owns 20,463 shares of ICE common stock, which includes 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 detailing stock transactions, indicating a neutral sentiment.
Future Outlook
The satisfaction of performance-based restricted stock units and the corresponding number of shares to be issued will be determined in future periods and reported at the time of vesting.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Intercontinental Exchange.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by a key executive.
- Employees may be impacted by the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/12/2024 | Date of grant of performance based restricted stock units. |
| 02/18/2025 | Date of stock acquisition and disposal. |
| 02/15/2025 | First vesting date (1/3) of performance based restricted stock units. |
| 02/15/2026 | Second vesting date (1/3) of performance based restricted stock units. |
| 02/15/2027 | Third vesting date (1/3) of performance based restricted stock units. |
| February 2026 | Determination of 2023 three-year total shareholder return PSUs. |
| February 2027 | Determination of 2024 three-year total shareholder return PSUs and 2024 three-year EBITDA PSUs. |
| February 2028 | Determination of 2025 three-year total shareholder return PSUs and 2025 three-year EBITDA PSUs. |
| 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. |
| 02/20/2025 | Date of signature of the report. |
Keywords
Intercontinental Exchange, ICE, Stuart Glen Williams, Chief Operating Officer, Stock Transaction, Form 4, Beneficial Ownership, Restricted Stock Units, Performance Based Units, Tax Withholding
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