Form 4: Intercontinental Exchange Executive Benjamin Jackson Reports Acquisition of Restricted Stock Units

Benjamin Jackson, President of Intercontinental Exchange, reports the acquisition of 9,424 restricted stock units on February 10, 2025.

Summary

• On February 10, 2025, Benjamin Jackson, President of Intercontinental Exchange, acquired 9,424 restricted stock units.
• These restricted stock units vest over three years, with 1/3 vesting on each anniversary of the award date.
• Following the transaction, Jackson beneficially owns 173,465 shares of common stock, including unvested restricted stock units and performance-based restricted stock units.
• The number includes 143,226 shares of common stock, 9,424 unvested restricted stock units (RSUs), and 20,815 unvested performance based restricted stock units (PSUs) for which the performance period has been satisfied.
• The satisfaction of performance-based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating an executive's continued investment in the company. It is neutral to slightly positive as it reflects confidence in the company's future.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the company's long-term performance.
• The vesting schedule encourages continued service and contribution to the company's success.

Risks

• The value of the restricted stock units is subject to the market price of Intercontinental Exchange's common stock.
• The actual number of shares issued pursuant to performance-based restricted stock units depends on the achievement of performance targets.

Future Outlook

The number of shares to be issued pursuant to performance-based restricted stock units will be determined in future periods based on the achievement of performance targets and will be reported at the time of vesting.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued investment in the company's future.

Stakeholder Impact

• Shareholders may view the executive's acquisition of restricted stock units as a positive sign of alignment with their interests.
• Employees may see this as a sign of confidence in the company's future.

Next Steps

• The vesting of the restricted stock units will occur over the next three years.
• The satisfaction of performance-based restricted stock units will be determined in future periods.

Key Dates