Form 4: Intercontinental Exchange Director Sharon Bowen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Sharon Bowen sold shares of Intercontinental Exchange (ICE) common stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Sharon Bowen, a director of Intercontinental Exchange, Inc. (ICE), sold shares of common stock on July 1, 2024.
- The sales were executed under a Rule 10b5-1 trading plan that became effective on March 11, 2024.
- A total of 1,836 shares were sold at a weighted average price of $136.9362, with prices ranging from $136.51 to $137.23.
- An additional 200 shares were sold at a weighted average price of $137.89, with prices ranging from $137.64 to $138.14.
- Following these transactions, Bowen directly owns 14,462 shares, including 12,873 shares of common stock and 1,589 restricted stock units.
- The restricted stock units vest on May 17, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock sales under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity; the use of a 10b5-1 plan suggests the sales were pre-planned and not based on current, non-public information.
Key Dates
| Date | Description |
|---|---|
| 2024-03-11 | Effective date of the Rule 10b5-1 trading plan. |
| 2024-05-17 | Grant date of restricted stock units. |
| 2024-07-01 | Date of stock sale transactions. |
| 2025-05-17 | Vesting date of restricted stock units. |
| 2024-07-03 | Date of Form 4 filing. |
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