Form 4: Intercontinental Exchange Director Judith A. Sprieser Sells Shares Under 10b5-1 Plan

Judith A. Sprieser, a director at Intercontinental Exchange, Inc., sold 1,941 shares of common stock at a price of $160.69 per share on August 27, 2024, under a pre-arranged trading plan.

Summary

• On August 27, 2024, Judith A. Sprieser, a director of Intercontinental Exchange, Inc. (ICE), sold 1,941 shares of common stock.
• The sale was executed at a price of $160.69 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan, which was approved and became effective on May 28, 2024.
• Following the transaction, Sprieser beneficially owns 26,908 shares, including 25,139 shares of common stock and 1,769 restricted stock units (RSUs).
• The RSUs vest on May 17, 2025, one year after the grant date.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

Sales by company directors are a normal part of corporate governance. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates