Cboe director granted 530 restricted stock units
PALMORE RODERICK A reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
PALMORE RODERICK A reported acquisition or exercise transactions in this Form 4 filing.
Cboe Global Markets, Inc. director Roderick A. Palmore received an award of 530 shares of common stock in the form of restricted stock units. The award was granted at no cash cost and will vest on May 14, 2027, if he remains in continuous service. Following this grant, he directly holds 27,730 shares of Cboe common stock.
Insider Trade Summary
Grant/Award: 530 shares
Grant/Award
1 txn
Insider
PALMORE RODERICK A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 530 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 27,730 shares (Direct)
Holdings Before and After:
Common Stock, 27,200 to 27,730 shares (Direct)
Footnotes (1)
- F1. Represents a restricted stock unit award granted under the Company's Third Amended and Restated Long-Term Incentive Plan, which meets the requirements of Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock that will vest on May 14, 2027, provided that the filing person has remained in service continuously through such date.
Key Figures
RSU grant size: 530 shares
Grant price: $0.0000 per share
Post-transaction holdings: 27,730 shares
+1 more
4 metrics
RSU grant size
530 shares
Restricted stock unit award on May 14, 2026
Grant price
$0.0000 per share
Equity compensation, no cash paid
Post-transaction holdings
27,730 shares
Common stock directly owned after award
Vesting date
May 14, 2027
RSUs vest if continuous service is maintained
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cboe (CBOE) director Roderick A. Palmore report?
Director Roderick A. Palmore reported receiving 530 restricted stock units of Cboe common stock. The units were granted under the company’s Long-Term Incentive Plan and did not involve an open-market purchase or sale.
What are the terms of the 530 restricted stock units granted to the Cboe director?
Each restricted stock unit represents a contingent right to receive one share of Cboe common stock. The units will vest on May 14, 2027, provided the director remains in continuous service through that date.
Was cash paid for the 530 Cboe restricted stock units reported on this Form 4?
No cash was paid for the 530 restricted stock units, as indicated by the reported price of $0.0000 per share. The grant represents equity compensation under Cboe’s Long-Term Incentive Plan.
Under which plan were the Cboe (CBOE) restricted stock units granted to the director?
The 530 restricted stock units were granted under Cboe’s Third Amended and Restated Long-Term Incentive Plan. The award is structured to meet the requirements of Rule 16b-3 under U.S. securities regulations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
