Form 4: Intercontinental Exchange Executive Andrew Surdykowski Reports Stock Transactions

Andrew Surdykowski, General Counsel of Intercontinental Exchange, reports acquisition and disposal of common stock related to performance-based restricted stock units.

Summary

• On February 18, 2025, Andrew Surdykowski, General Counsel of Intercontinental Exchange, reported transactions involving the company's common stock.
• He acquired 4,315 shares of common stock related to performance-based restricted stock units (PSUs) granted on February 12, 2024, contingent on the company's 2024 EBITDA performance.
• Of these, 1,437 shares vested on February 15, 2025, with 648 shares withheld to cover tax obligations.
• He disposed of 648 shares to cover tax obligations at a price of $166.71 per share.
• Following these transactions, Surdykowski beneficially owns 52,635 shares of common stock.
• The remaining 2,878 shares from the initial grant are scheduled to vest on February 15, 2026, and February 15, 2027, with taxes to be withheld upon issuance.
• The reported holdings include 43,741 shares of common stock, 3,141 unvested restricted stock units (RSUs), and 5,753 unvested performance-based restricted stock units (PSUs) for which the performance period has been satisfied.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative 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 years and reported at the time of vesting.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies like Intercontinental Exchange.

Key Dates

Keywords

Intercontinental Exchange, ICE, Andrew Surdykowski, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Performance Based Units, EBITDA, Tax Withholding