Form 4: Intercontinental Exchange Executive Christopher Edmonds Reports Stock Transaction

Christopher Scott Edmonds, President of Fixed Income & Data at Intercontinental Exchange, Inc., reports the withholding of 466 common stock shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• On May 13, 2025, Christopher Scott Edmonds, President of Fixed Income & Data at Intercontinental Exchange, Inc. (ICE), had 466 shares of common stock withheld to cover tax obligations.
• This transaction was related to the vesting of restricted stock units (RSUs) granted on May 13, 2022, which vest in three annual installments.
• The price per share for the withholding was $173.44.
• Following the transaction, Edmonds beneficially owns 16,210 shares of ICE common stock, including vested shares, unvested RSUs, and unvested performance-based restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment.

Future Outlook

The satisfaction of the 2023, 2024 and 2025 three-year total shareholder return (TSR) PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2026, February 2027 and February 2028, respectively, and will be reported at the time of vesting. The satisfaction of the 2024 and 2025 year-three earnings before interest, taxes, depreciation, and amortization (EBITDA) PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027 and February 2028, respectively, and will be reported at the time of vesting. The satisfaction of the 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.

Industry Context

This is a routine Form 4 filing, which is standard practice when company executives transact in their own company's stock. It provides transparency to the market regarding insider transactions.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Similar filings are expected from executives at comparable companies like Nasdaq, CME Group, and London Stock Exchange Group when they trade their company's stock.
• The vesting schedules and performance metrics associated with RSUs and PSUs are common compensation practices in the financial services industry, designed to align executive incentives with shareholder value.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates

Keywords

Intercontinental Exchange, ICE, Christopher Scott Edmonds, Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Performance Stock Units, PSUs, Tax Withholding, Insider Trading