Intercontinental Exchange (ICE) Officer Reports 143-Share Gift, 59,429 Shares Owned
Rhea-AI Filing Summary
Martin Lynn C, an officer (President, NYSE Group) of Intercontinental Exchange, Inc. (ICE), reported a gift of 143 shares of ICE common stock on 09/04/2025. Following the reported transaction, the reporting person beneficially owned 59,429 shares in the aggregate. That total is described as 42,094 shares of common stock plus 5,834 unvested restricted stock units (RSUs) and 11,501 unvested performance-based restricted stock units (PSUs) for which the performance period has been satisfied. The filing also notes 83 shares acquired under ICE's Employee Stock Purchase Plan on 06/30/2025. Several PSU vesting determinations remain pending and will be reported when settled on their respective future dates.
Positive
- Transparent disclosure of the gift transaction and a detailed breakdown of vested and unvested holdings
- Participation in the ESPP evidenced by 83 shares acquired on 06/30/2025, showing executive alignment with employee plan
- Gift to philanthropy (transaction coded as a gift) rather than a market sale
Negative
- Reduction in beneficial ownership by 143 shares due to the gift
- Significant portion of reported holdings (5,834 RSUs and 11,501 PSUs) remain unvested and subject to future determination
Insights
TL;DR: Routine insider gift and disclosure; ownership largely composed of unvested equity awards with future vesting determinations pending.
The Form 4 documents a small charitable disposition of 143 shares and provides a clear breakdown of the reporting person’s holdings, distinguishing vested common shares from unvested RSUs and PSUs. The filing highlights ongoing compensation arrangements where final PSU outcomes for multiple cycles remain to be determined and will be reported at vesting. This disclosure supports transparency around executive equity compensation and outstanding awards.
TL;DR: Minor non-market transaction; net beneficial ownership remains substantial but includes significant unvested awards.
The transaction code indicates a gift, not a market sale, and the reduction of 143 shares is immaterial relative to the total 59,429 shares reported. The filing also confirms participation in the ESPP with 83 shares purchased earlier. Material items for investors are the quantities and classifications of held and unvested equity awards and the scheduled future reporting of PSU determinations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 143 | $0.00 | -- |
Footnotes (1)
- This transaction involved a gift of 143 shares of the issuer's common stock by the reporting person to a philanthropic organization. Amount of securities beneficially owned includes 83 shares acquired under Intercontinental Exchange, Inc. Employee Stock Purchase Plan on June 30, 2025. The common stock number referred in Table I is an aggregate number and represents 42,094 shares of common stock, 5,834 unvested restricted stock units ("RSUs"), and 11,501 unvested 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 2023, 2024 and 2025 three-year total shareholder return (TSR) PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2026, February 2027 and February 2028, respectively, and will be reported at the time of vesting. The satisfaction of the 2024 and 2025 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 and February 2028, 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.
