CME executive receives stock award, surrenders shares
CME Group Inc. reported that MD and Chief Accounting Officer Jack J. Tobin received a grant of 608 shares of Class A common stock as a vested performance share award, valued at $311.40 per share.
Rhea-AI Filing Summary
CME Group Inc. reported that MD and Chief Accounting Officer Jack J. Tobin received a grant of 608 shares of Class A common stock as a vested performance share award, valued at $311.40 per share. The award reflects performance shares granted in 2022, determined by CME’s total shareholder return versus the S&P 500 over a three-year period from January 1, 2023 through December 31, 2025. To cover related tax withholding obligations, Tobin surrendered 179 shares back to the company. After these compensation-related transactions, he directly holds 25,409 Class A shares.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Class A | 608 | $311.40 | $189K |
| Exercise Price or Tax Liability | Common Stock Class A | 179 | $311.40 | $56K |
Footnotes (2)
- F1. Represents the vesting of performance shares granted in 2022 under CME Group's Omnibus Stock Plan. The number of shares was determined based on the company's achievement of total shareholder return relative to the S&P 500 measured over a three-year performance period from January 1, 2023 through December 31, 2025.
- F2. Mr. Tobin surrendered shares to the company in order to fulfill tax withholding obligations related to the receipt of the performance share award.
FAQ
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What insider transaction did Jack J. Tobin report for CME on this Form 4?
Is Jack J. Tobin’s CME Form 4 transaction an open-market trade?
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