Cboe Global Markets (CBOE) director receives 530-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Froetscher Janet P reported acquisition or exercise transactions in this Form 4 filing.
Cboe Global Markets, Inc. director Janet P. Froetscher reported a compensation-related equity grant. She received 530 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share, reflecting a stock-based award rather than an open‑market purchase.
Each restricted stock unit represents one share of Cboe Global Markets common stock and is scheduled to vest on May 14, 2027, as long as she remains in continuous service through that date. After this grant, she reports owning 15,030 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Froetscher Janet P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 530 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,030 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 530 shares
Grant price: $0.00 per share
Post-grant holdings: 15,030 shares
+1 more
4 metrics
RSU grant size
530 shares
Restricted stock unit award to director on May 14, 2026
Grant price
$0.00 per share
Indicates stock-based compensation, not open-market purchase
Post-grant holdings
15,030 shares
Total common stock reported following the transaction
Vesting date
May 14, 2027
RSUs vest if continuous service is maintained through this date
Key Terms
restricted stock unit, Long-Term Incentive Plan, Rule 16b-3
3 terms
restricted stock unit financial
"Represents a restricted stock unit award granted under the Company's Third Amended and Restated Long-Term Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Long-Term Incentive Plan financial
"award granted under the Company's Third Amended and Restated Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Rule 16b-3 regulatory
"which meets the requirements of Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What did CBOE director Janet P. Froetscher report in this Form 4 filing?
Janet P. Froetscher reported receiving a grant of 530 restricted stock units of Cboe Global Markets common stock. The award is stock-based compensation, not an open-market purchase, and increases her directly reported holdings to 15,030 shares after the transaction.
When do Janet P. Froetscher’s CBOE restricted stock units vest?
The 530 restricted stock units are scheduled to vest on May 14, 2027. Vesting is contingent on Froetscher remaining in continuous service with Cboe Global Markets through that date, as specified in the long-term incentive plan terms.
What plan governs Janet P. Froetscher’s CBOE restricted stock unit grant?
The grant was made under Cboe Global Markets’ Third Amended and Restated Long-Term Incentive Plan. The filing notes that the award meets the requirements of SEC Rule 16b-3, which governs certain insider compensation-related equity transactions.