Form 4: Intercontinental Exchange Officer James W. Namkung Reports Changes in Beneficial Ownership

James W. Namkung, Chief Accounting Officer of Intercontinental Exchange, Inc., reports transactions involving common stock and restricted stock units.

Summary

• On February 18, 2025, James W. Namkung acquired 1,725 shares of common stock related to performance-based restricted stock units.
• These units were granted on February 12, 2024, and vest over three years based on the achievement of certain EBITDA performance targets.
• 574 shares vested on February 18, 2025, with 257 shares withheld to cover tax obligations at a price of $166.71.
• The remaining 1,151 shares are scheduled to be issued on the two remaining vesting dates.
• Following these transactions, Namkung beneficially owns 20,644 shares of common stock, which includes vested shares, unvested restricted stock units (RSUs), and unvested performance-based restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate 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

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Intercontinental Exchange.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units and performance-based awards are standard practice among publicly traded companies, including competitors like Nasdaq, CME Group, and London Stock Exchange Group.
• The vesting schedules and performance metrics (such as EBITDA and total shareholder return) are typical components of these compensation plans designed to align executive incentives with company performance and shareholder value.

Stakeholder Impact

• The vesting of restricted stock units impacts the executive's ownership stake in the company.
• Shareholders may be interested in executive compensation and alignment with company performance.

Next Steps

• Future vesting of restricted stock units on February 15, 2026, and February 15, 2027.
• Determination and reporting of shares issued pursuant to performance-based awards in February 2026, February 2027, and February 2028.
• Determination and reporting of shares issued pursuant to Deal Incentive Awards in December 2026, December 2027 and December 2028.

Key Dates