ICE executive withholds 1,591 shares for taxes
Intercontinental Exchange, Inc. reported that Lynn C. Martin, President of NYSE Group, had 1,591 shares of common stock withheld on February 17, 2026 at $152.28 per share to cover tax obligations on vesting equity awards.
Rhea-AI Filing Summary
Intercontinental Exchange, Inc. reported that Lynn C. Martin, President of NYSE Group, had 1,591 shares of common stock withheld on February 17, 2026 at $152.28 per share to cover tax obligations on vesting equity awards. This is a tax-withholding disposition rather than an open-market sale.
The withheld shares relate to performance-based restricted stock units granted in February 2024, of which 3,116 shares vested and were issued on February 17, 2026. After this transaction, Martin’s aggregate direct holdings total 67,775 shares, including common stock, unvested RSUs, and PSUs subject to multi-year vesting schedules.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,591 | $152.28 | $242K |
Footnotes (4)
- F1. Represents shares of performance based restricted stock units granted to the filing person on February 12, 2024. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2024 earnings before interest, taxes, depreciation, and amortization ("EBITDA") performance versus pre-established targets. The restricted stock units vest over three years (1/3 on February 15, 2025, 1/3 on February 15, 2026 and 1/3 on February 15, 2027). Of the 9,348 shares, 3,116 were issued on February 17, 2026, of which 1,591 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 3,116 shares are scheduled to be issued on February 12, 2027 and taxes for this future issuance will be withheld and reported at the time the shares are issued.
- F2. The common stock number referred in Table I is an aggregate number and represents 54,854 shares of common stock and 9,805 unvested restricted stock units ("RSUs"), and 3,116 performance based restricted stock units ("PSUs"), for which the performance period has been satisfied. The RSUs and PSUs vest over a three-year period, in which 33.33% of the units vest each year.
- F3. The satisfaction of the 2024, 2025 and 2026 TSR PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting. The satisfaction of the 2024, 2025 and 2026 three-year earnings before interest, taxes, depreciation, and amortization ("EBITDA") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting.
- F4. The satisfaction of the performance based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.
FAQ
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What insider transaction did ICE executive Lynn C. Martin report on this Form 4?
Was the ICE Form 4 transaction an open-market sale of ICE stock?
What are the vesting terms of Lynn C. Martin’s performance-based restricted stock units at ICE?
How many Intercontinental Exchange securities does Lynn C. Martin hold after this Form 4 transaction?
What future ICE performance-based stock awards for Lynn C. Martin remain undetermined?
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