Intercontinental Exchange (NYSE: ICE) exec stock withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intercontinental Exchange executive Christopher Scott Edmonds reported a tax-withholding stock disposition. On the vesting of performance-based restricted stock units, 1,093 shares of common stock were withheld on February 17, 2026 at $152.28 per share to cover tax obligations. After this transaction, his reported holdings total 25,569, combining 13,965 common shares, 9,206 unvested restricted stock units and 2,398 performance-based restricted stock units that vest over a three-year schedule, with additional performance-based awards tied to EBITDA and total shareholder return extending determinations into 2027–2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edmonds Christopher Scott
Role
President, Fixed Income & Data
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,093 | $152.28 | $166K |
Holdings After Transaction:
Common Stock — 25,569 shares (Direct)
Footnotes (1)
- 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 7,191 shares, 2,397 were issued on February 17, 2026, of which 1,093 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 2,398 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. The common stock number referred in Table I is an aggregate number and represents 13,965 shares of common stock and 9,206 unvested restricted stock units ("RSUs"), and 2,398 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.
FAQ
What did ICE executive Christopher Scott Edmonds report in this Form 4 filing?
Christopher Scott Edmonds reported a tax-withholding stock disposition. On February 17, 2026, 1,093 shares of Intercontinental Exchange common stock were withheld to satisfy tax obligations related to vesting performance-based restricted stock units granted in February 2024.
What are Christopher Scott Edmonds’ ICE equity holdings after this transaction?
After the transaction, Edmonds reports 25,569 ICE-linked shares and units. This aggregate includes 13,965 common shares, 9,206 unvested restricted stock units, and 2,398 performance-based restricted stock units with the performance period already satisfied, vesting over three years.
How do Edmonds’ performance-based restricted stock units in ICE vest over time?
The performance-based restricted stock units vest over three years. One-third vested on February 15, 2025, another third on February 15, 2026, and the final third vests on February 15, 2027, subject to achievement of EBITDA performance targets versus pre-established 2024 goals.
What future ICE performance awards for Edmonds depend on TSR and EBITDA results?
Several total shareholder return and EBITDA PSU awards remain undetermined. Performance satisfaction, and corresponding shares, for 2024–2026 TSR and three-year EBITDA PSUs will be set in February 2027, 2028 and 2029, with reporting expected at each respective vesting date.
Are there additional ICE performance-based awards for Edmonds beyond 2026?
Yes, certain deal incentive performance awards extend beyond 2026. The satisfaction of these performance-based restricted stock units and related share issuance will be determined in December 2026, 2027 and 2028, and will also be subject to time-based vesting and a potential one-year holding period.