ICE president reports tax-withholding share disposition
Intercontinental Exchange President Benjamin Jackson reported a tax-withholding share disposition tied to equity awards.
Rhea-AI Filing Summary
Intercontinental Exchange President Benjamin Jackson reported a tax-withholding share disposition tied to equity awards. On February 17, 2026, 2,155 shares of common stock were withheld at $152.28 per share to satisfy the issuer’s tax withholding obligation upon vesting of performance-based restricted stock units granted in February 2024.
Following this transaction, his direct holdings reported in the filing totaled 169,169 common stock-related units, comprising 147,170 shares of common stock, 17,204 unvested restricted stock units, and 4,795 performance-based restricted stock units for which the performance condition has been satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,155 | $152.28 | $328K |
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 14,383 shares, 4,794 were issued on February 17, 2026, of which 2,155 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 4,795 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 147,170 shares of common stock and 17,204 unvested restricted stock units ("RSUs"), and 4,795 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 did ICE executive Benjamin Jackson report in this Form 4 filing?
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