Warren Gardiner - Feb 7, 2022 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Signature
/s/ Octavia N. Spencer, Attorney-in-fact
Stock symbol
ICE
Transactions as of
Feb 7, 2022
Transactions value $
-$51,315
Form type
4
Date filed
2/11/2022, 05:31 PM
Previous filing
Feb 8, 2022
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICE Common Stock Tax liability -$17.4K -136 -0.9% $127.68 15K Feb 7, 2022 Direct F1
transaction ICE Common Stock Tax liability -$17K -133 -0.89% $127.68 14.9K Feb 7, 2022 Direct F2
transaction ICE Common Stock Tax liability -$17K -133 -0.89% $127.59 14.7K Feb 8, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock issued to the filing person on February 7, 2020. The restricted stock units vest over three years (1/3 on February 7, 2021, 1/3 on February 7, 2022 and 1/3 on February 7, 2023). Of the 1,349 shares, 450 shares were issued on February 7, 2022, of which 136 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 450 shares are scheduled to be issued on February 7, 2023 and taxes for this issuance will be withheld and reported at the time of vesting.
F2 Represents shares of restricted stock issued to the filing person on February 5, 2021. The restricted stock units vest over three years (1/3 on February 5, 2022, 1/3 on February 5, 2023 and 1/3 on February 5, 2024). Of the 1,313 shares, 437 shares were issued on February 7, 2022, of which 133 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 876 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.
F3 Represents shares of restricted stock issued to the filing person on February 8, 2019. The restricted stock units vest over three years (1/3 on February 8, 2020, 1/3 on February 8, 2021 and 1/3 on February 8, 2022). Of the 1,313 shares, the remaining 438 shares were issued on February 8, 2022, of which 133 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The third and final tranche of shares for this award have been issued.
F4 The common stock number referred in Table I is an aggregate number and represents 6,023 shares of common stock and 3,355 unvested restricted stock units ("RSUs"), and 5,370 unvested performance based restricted stock units ("PSU's"), 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 2022 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 2023 and will be reported at the time of vesting. The satisfaction of the 2022 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 and will be reported at the time of vesting.