Form 4: Intercontinental Exchange Director William Jefferson Hague Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director William Jefferson Hague reports acquisition of restricted stock units and disposition of shares to cover tax obligations.
Summary
- William Jefferson Hague, a director of Intercontinental Exchange, Inc. (ICE), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 17, 2024, Hague acquired 1,769 restricted stock units (RSUs) as compensation for service on the Issuer's board and the board of Issuer's subsidiary, ICE Futures Europe.
- On May 20, 2024, 121 shares of common stock were disposed of to satisfy tax withholding obligations related to vested RSUs.
- Following these transactions, Hague beneficially owns 19,899 shares of common stock and 1,769 restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects standard insider transactions related to compensation and tax obligations, indicating a neutral to slightly positive sentiment due to continued director alignment with the company.
Positives
- The acquisition of restricted stock units indicates continued alignment of the director's interests with the company's performance.
Future Outlook
The restricted stock units vest on the one-year anniversary of the grant date, which is May 17, 2025.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for board members.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to director compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Acquisition of 1,769 restricted stock units. |
| 05/20/2024 | Disposition of 121 shares for tax withholding. |
| 05/21/2024 | Date of signature by Attorney-in-fact. |
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