Form 4: Intercontinental Exchange Executive Edmonds Reports Stock Transactions

Christopher Scott Edmonds, President of Fixed Income & Data at Intercontinental Exchange, reports acquisition and disposal of company stock, including shares related to performance-based restricted stock units.

Summary

• On February 18, 2025, Christopher Scott Edmonds acquired 7,191 shares of common stock related to performance-based restricted stock units (PSUs) granted on February 12, 2024.
• The vesting of these shares is contingent upon the achievement of certain 2024 EBITDA performance targets.
• These restricted stock units vest over three years, with 1/3 vesting on February 15, 2025, 2026, and 2027.
• 1,100 shares were withheld to cover the Issuer's tax obligations.
• On February 18, 2025, 1,100 shares were disposed of to satisfy tax obligations at a price of $166.71.
• On February 19, 2025, Edmonds sold 6,834 shares of common stock at a price of $166.992 per share.
• Following these transactions, Edmonds beneficially owns 17,972 shares of common stock.
• The sale on February 19, 2025, was executed under a Rule 10b5-1 trading plan established on March 4, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, 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

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.

Key Dates