Intercontinental Exchange (ICE) director receives 1,538 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOONAN THOMAS E reported acquisition or exercise transactions in this Form 4 filing.
Intercontinental Exchange director Thomas E. Noonan received a grant of 1,538 restricted stock units of common stock. The award was made at no cash cost to him and is structured as equity compensation rather than an open-market purchase.
The restricted stock units vest on the one-year anniversary of the grant date and will be settled solely in shares of Intercontinental Exchange common stock. After this grant, Noonan’s aggregate direct interest reported in Table 1 is 22,967 units, consisting of 21,429 shares of common stock and 1,538 restricted stock units that are subject to vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NOONAN THOMAS E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,538 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,967 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units. This award of restricted stock units vests on the one-year anniversary of the award date and may be settled only by delivery of shares of the Issuer's common stock, par value $0.01 per share. The common stock number referred in Table 1 is an aggregate number and represents 21,429 shares of common stock and 1,538 restricted stock units of the Issuer. The restricted stock units vest on the one-year anniversary of the grant date, which is May 18, 2027.
Key Figures
Restricted stock units granted: 1,538 units
Grant price per unit: $0.00 per unit
Total holdings after transaction: 22,967 units
+3 more
6 metrics
Restricted stock units granted
1,538 units
Equity award to director on May 18, 2026
Grant price per unit
$0.00 per unit
Compensation grant, not open-market purchase
Total holdings after transaction
22,967 units
Aggregate direct interest after award
Common shares within total
21,429 shares
Portion of aggregate direct interest in common stock
Restricted stock units within total
1,538 units
Unvested RSUs included in aggregate interest
Vesting date for RSUs
May 18, 2027
One-year anniversary of grant date
Key Terms
restricted stock units, vests on the one-year anniversary, settled only by delivery of shares, aggregate number
4 terms
restricted stock units financial
"Represents restricted stock units. This award of restricted stock units vests on the one-year anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vests on the one-year anniversary financial
"This award of restricted stock units vests on the one-year anniversary of the award date"
aggregate number financial
"The common stock number referred in Table 1 is an aggregate number"
FAQ
What insider transaction did ICE director Thomas E. Noonan report on this Form 4?
Thomas E. Noonan reported receiving 1,538 restricted stock units of Intercontinental Exchange common stock as an equity award. These units were granted at no cash cost and represent compensation, not an open-market purchase or sale of existing shares.
When do Thomas E. Noonan’s 1,538 ICE restricted stock units vest?
The 1,538 restricted stock units granted to Thomas E. Noonan vest on the one-year anniversary of the grant date. The footnotes specify the units will vest on May 18, 2027, after which they may be settled in Intercontinental Exchange common shares.
Is Thomas E. Noonan’s ICE Form 4 transaction a market purchase or sale?
No, the Form 4 reflects a compensation-related award, not a market trade. The transaction is coded as an acquisition by grant or award, with 1,538 restricted stock units received at a price of $0.00 per share rather than through open-market buying or selling.
How will Thomas E. Noonan’s ICE restricted stock units be settled after vesting?
The restricted stock units may be settled only by delivering Intercontinental Exchange common stock. Once the 1,538 units vest on the one-year anniversary of the grant date, Noonan will receive an equivalent number of ICE common shares, according to the footnote disclosures.