ICE (ICE) president details share vesting, tax withholding and PSU structure
Rhea-AI Filing Summary
Intercontinental Exchange, Inc. President Jackson Benjamin reported equity compensation activity involving company common stock. On February 3, 2026, he received 28,087 shares of common stock at $0 per share upon vesting of three-year total shareholder return performance-based restricted stock units granted on February 3, 2023.
On the same date, 12,625 shares of common stock underlying vested TSR PSUs were withheld at $173.18 per share to cover Intercontinental Exchange’s tax withholding obligations. After these transactions, he beneficially owned 165,692 shares directly, an aggregate figure that includes common shares, unvested restricted stock units, and performance-based restricted stock units for which the performance period has been satisfied.
Footnotes explain that the aggregate holding comprises 138,057 common shares, 9,424 unvested RSUs, and 18,211 PSUs that vest over a three-year schedule, with one-third of the units vesting each year. His beneficial holdings also include shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan. Additional TSR and EBITDA performance-based awards from 2024 and 2025, as well as Deal Incentive Award PSUs, will have outcomes determined between December 2026 and February 2028 and will be reported when they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,087 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,625 | $173.18 | $2.19M |
Footnotes (1)
- Represents shares issued to the filing person in connection with the vesting of the three-year total shareholder return performance based restricted stock units ("TSR PSUs") granted on February 3, 2023. The payout for the TSR PSUs was determined based on the Issuer's stock price through December 31, 2025 and was based on the total shareholder return from January 1, 2023 through December 31, 2025 relative to the S&P 500. Amount of securities beneficially owned includes 83 and 68 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on June 30, 2025 and December 31, 2025, respectively. Represents shares of common stock underlying vested TSR PSUs that are being withheld to satisfy payment of the Issuer's tax withholding obligations. The common stock number referred in Table I is an aggregate number and represents 138,057 shares of common stock and 9,424 unvested restricted stock units ("RSUs"), and 18,211 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 and 2025 TSR 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 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.
