Form 4: Intercontinental Exchange Executive Douglas Foley Sells 1,600 Shares
SEC Form 4 Filing
Douglas Foley, SVP of HR & Administration at Intercontinental Exchange, sold 1,600 shares of common stock at $169.14 per share on March 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 12, 2025, Douglas Foley, SVP of HR & Administration at Intercontinental Exchange, sold 1,600 shares of common stock.
- The transaction was executed at a price of $169.14 per share.
- The sale was conducted under a Rule 10b5-1 trading plan established on November 22, 2024.
- Following the transaction, Foley directly owns 25,733 shares, including vested and unvested restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The number of shares to be issued pursuant to the performance-based restricted stock units (PSUs) will be determined and reported at the time of vesting in February 2026, February 2027, and February 2028 for TSR PSUs and February 2027 and February 2028 for EBITDA PSUs.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning. Rule 10b5-1 plans allow insiders to sell shares at predetermined times to avoid accusations of trading on non-public information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price, although the effect is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 11/22/2024 | Date the Rule 10b5-1 trading plan was approved and became effective. |
| 03/12/2025 | Date of the stock sale transaction. |
| 03/13/2025 | Date of the Form 4 filing. |
| February 2026 | Date the 2023 three-year total shareholder return (TSR) PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined. |
| February 2027 | Date the 2024 three-year total shareholder return (TSR) PSUs and the 2024 three-year 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. |
| February 2028 | Date the 2025 three-year total shareholder return (TSR) PSUs and the 2025 three-year 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. |
| December 2026 | Date 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. |
| December 2027 | Date 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. |
| December 2028 | Date 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. |
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