Form 4: Intercontinental Exchange Executive James W. Namkung Reports Stock Sale

James W. Namkung, Chief Accounting Officer of Intercontinental Exchange, Inc., sold 1,204 shares of common stock at $170 per share on February 25, 2025, according to a recent SEC filing.

Summary

• On February 25, 2025, James W. Namkung, the Chief Accounting Officer of Intercontinental Exchange, Inc. (ICE), sold 1,204 shares of common stock at a price of $170 per share.
• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan established on March 6, 2024.
• Following the transaction, Namkung directly owns 19,440 shares, including 15,793 shares of common stock, 1,346 unvested restricted stock units (RSUs), and 2,301 unvested performance-based restricted stock units (PSUs) for which the performance period has been satisfied.
• The RSUs and PSUs vest over a three-year period, with 33.33% vesting each year.
• The number of shares to be issued pursuant to the 2023, 2024, and 2025 three-year total shareholder return PSUs and the 2024 and 2025 three-year EBITDA PSUs will be determined and reported at the time of vesting in February 2026, February 2027 and February 2028, respectively.
• 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: 5

Explanation: This is a routine disclosure of a stock sale by an executive, and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Future Outlook

The number of shares to be issued pursuant to PSUs and Deal Incentive Awards will be determined in future years based on performance and vesting schedules.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.

Key Dates