CME Group (CME) officer gets performance shares, surrenders some for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tobin Jack J
Role
MD Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Class A | 608 | $311.40 | $189K |
| Tax Withholding | Common Stock Class A | 179 | $311.40 | $56K |
Holdings After Transaction:
Common Stock Class A — 25,588 shares (Direct)
Footnotes (1)
- 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. Mr. Tobin surrendered shares to the company in order to fulfill tax withholding obligations related to the receipt of the performance share award.
FAQ
What insider transaction did Jack J. Tobin report for CME on this Form 4?
Jack J. Tobin reported a vested performance share award of 608 CME Group Class A common shares. The award stems from a 2022 grant under CME’s Omnibus Stock Plan, tied to total shareholder return performance versus the S&P 500 over three years.
Is Jack J. Tobin’s CME Form 4 transaction an open-market trade?
No, the Form 4 reflects compensation-related activity, not an open-market trade. Tobin received vested performance shares from a 2022 grant and surrendered a portion of those shares back to CME Group solely to cover associated tax withholding obligations.