Form 4: Intercontinental Exchange Executive Lynn C. Martin Reports Acquisition of Restricted Stock Units

Lynn C. Martin, President of NYSE Group, reports the acquisition of restricted stock units in Intercontinental Exchange, Inc.

Summary

• Lynn C. Martin, President of NYSE Group, filed a Form 4 detailing changes in beneficial ownership of Intercontinental Exchange, Inc. (ICE) securities.
• On February 10, 2025, Martin acquired 5,834 restricted stock units (RSUs).
• Following the transaction, Martin beneficially owns a total of 63,210 shares of ICE common stock, including vested shares, unvested RSUs, and unvested performance-based restricted stock units (PSUs) for which the performance period has been satisfied.
• The RSUs vest over three years, with 1/3 vesting on each anniversary of the award date.
• 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 sentiment is neutral to slightly positive. It reflects a routine transaction by an executive, indicating continued investment in the company's future. There are no overtly negative implications.

Positives

• The acquisition of RSUs indicates continued alignment of the executive's interests with those of the company and its shareholders.

Future Outlook

The vesting of RSUs and PSUs is contingent upon continued service and, in the case of PSUs, the achievement of performance targets over the coming years.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock.

Stakeholder Impact

• The transaction signals confidence from a key executive, which can positively influence shareholder sentiment.

Next Steps

• Vesting of the restricted stock units over the next three years.
• Determination of PSU payouts based on performance metrics in future years.
• Future reporting of vesting events.

Key Dates