ICE (NYSE: ICE) General Counsel trades options, sells stock and gifts shares
Rhea-AI Filing Summary
Intercontinental Exchange General Counsel Andrew J. Surdykowski reported a mix of option exercises, share sales, and a gift of stock. On February 26, 2026, he exercised 2,065 employee stock options, acquiring 2,065 shares of common stock at $57.3100 per share.
On the same date, he sold 3,099 shares of common stock at $161.7116 per share and 1,472 shares at $162.6222 per share in open-market transactions effected under a Rule 10b5-1 trading plan that became effective as of November 25, 2025. He also made a bona fide gift of 200 shares to a philanthropic organization.
After these transactions, his direct holdings reported in common stock-related awards totaled 47,981 shares, consisting of 40,807 shares of common stock, 5,734 unvested restricted stock units, and 1,440 performance-based restricted stock units. His directly held employee stock options totaled 6,194 options, which are fully vested.
Positive
- None.
Negative
- None.
Insights
Routine mix of option exercise, planned sales, and a charitable gift, with modest net share reduction.
The General Counsel of Intercontinental Exchange exercised 2,065 fully vested stock options and converted them into common shares, then sold a portion of his holdings in two tranches at prices around $161.71 and $162.62. These are typical equity compensation mechanics, not new awards.
The sales were executed under a pre-approved Rule 10b5-1 trading plan effective as of November 25, 2025, which automates transactions to reduce timing concerns. He also donated 200 shares as a bona fide gift to a philanthropic organization, while retaining 47,981 common stock-related shares and 6,194 vested options after the activity.
Overall, the filing shows a net-sell of 4,571 shares, combining exercises, open-market sales, and a gift. This appears as a routine, planned liquidity and diversification step by a senior executive, rather than a fundamental signal about company performance or prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) Holding | 2,065 | $0.00 | -- |
| Exercise | Common Stock | 2,065 | $57.31 | $118K |
| Sale | Common Stock | 3,099 | $161.7116 | $501K |
| Sale | Common Stock | 1,472 | $162.6222 | $239K |
| Gift | Common Stock | 200 | $0.00 | -- |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of November 25, 2025. The price range for the aggregate amount sold by the direct holder is $161.37 - $162.22. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price. The price range for the aggregate amount sold by the direct holder is $162.42 - $162.87. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price. This transaction involved a gift of 200 shares of the issuer's common stock by the reporting person to a philanthropic organization. The common stock number referred in Table I is an aggregate number and represents 40,807 shares of common stock and 5,734 unvested restricted stock units ("RSUs"), and 1,440 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. 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. 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. These options are fully vested.
