Christopher Scott Edmonds - 12 Feb 2024 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Feb 2024, 17:47:38 UTC
Prior SEC filing
07 Feb 2024
Next SEC filing
15 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Octavia N. Spencer, Attorney-in-fact

Key filing fact

Christopher Scott Edmonds filed Form 4 for Intercontinental Exchange, Inc. (ICE) on 14 Feb 2024.

Key facts

  • This page summarizes Christopher Scott Edmonds's Form 4 filing for Intercontinental Exchange, Inc. (ICE).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 14 Feb 2024, 17:47.

Change

  • Previous filing in this sequence was filed on 07 Feb 2024.
  • Current net transaction value: -$266,043.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ICE transaction

Common Stock

Award

Transaction value
$0
Shares
+12,931
Change %
+95%
Price
$0.000000
Shares after
26,481
Date
12 Feb 2024
Ownership
Direct
Footnotes
F1
ICE transaction

Common Stock

Tax liability

Transaction value
$266,043
Shares
-1,964
Change %
-7.4%
Price
$135.46
Shares after
24,517
Date
12 Feb 2024
Ownership
Direct
Footnotes
F2, F3, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ICE transaction Derivative

Employee Stock Option (right to buy) Holding

Award

Transaction value
$0
Shares
+13,311
Change %
Price
$0.000000
Shares after
13,311
Date
12 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
13,311
Exercise price
$135.46
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents shares of performance based restricted stock units granted to the filing person on February 3, 2023. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2023 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 12, 2024, 1/3 on February 12, 2025 and 1/3 on February 12, 2026). Of the 12,931 shares, 4,309 were issued on February 12, 2024, of which 1,964 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 8,622 shares are scheduled to be issued on the two remaining vesting dates and taxes for these future issuances will be withheld and reported at the time the shares are issued.

Footnote F2

Represents shares of common stock underlying vested restricted stock units that are being withheld to satisfy payment of the Issuer's tax withholding obligation.

Footnote F3

The common stock number referred in Table I is an aggregate number and represents 8,483 shares of common stock and 2,035 unvested restricted stock units ("RSUs"), and 13,999 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 2024 PSUs tied to earnings before interest, taxes, depreciation, and amortization, ("EBITDA") and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2025 and will be reported at the time of vesting. The satisfaction of the 2022, 2023 and 2024 total shareholder return performance based restricted stock units and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2025, February 2026 and February 2027 respectively, and will be reported at the time of vesting.

Footnote F4

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.

Footnote F5

These options vest in accordance with the following schedule: 33.33% of the options vest on February 12, 2025, 33.33% of the options vest on February 12, 2026 and 33.33% of the options vest on February 12, 2027.

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