Benjamin Jackson - 15 Feb 2022 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Reporting relationship: President
Issuer ticker: ICE
Reported as of: 15 Feb 2022
Net transaction value: -$347,360
SEC form: 4
Accepted by SEC: 17 Feb 2022, 17:44:48 UTC
Prior SEC filing: 08 Feb 2022
Next SEC filing: 18 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Octavia N. Spencer, Attorney-in-fact

Key filing fact

Benjamin Jackson filed Form 4 for Intercontinental Exchange, Inc. (ICE) on 17 Feb 2022.

Key facts

This page summarizes Benjamin Jackson's Form 4 filing for Intercontinental Exchange, Inc. (ICE).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Feb 2022, 17:44.

Change

Previous filing in this sequence was filed on 08 Feb 2022.
Current net transaction value: -$347,360.

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: +18,390
Change %: +18%
Price: $0.000000
Shares after: 118,078
Date: 15 Feb 2022
Ownership: Direct
Footnotes: F1, F2

ICE transaction

Common Stock

Tax liability

Transaction value: $347,360
Shares: -2,774
Change %: -2.3%
Price: $125.22
Shares after: 115,304
Date: 15 Feb 2022
Ownership: Direct
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares of performance based restricted stock units granted to the filing person on February 5, 2021. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2021 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, 2022, 1/3 on February 15, 2023 and 1/3 on February 15, 2024). Of the 18,390 shares, 6,130 were issued on February 15, 2022, of which 2,774 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 12,260 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

Amount of securities beneficially owned includes 105 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on December 31, 2021.

Footnote F3

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 F4

The common stock number referred in Table I is an aggregate number and represents 84,752 shares of common stock and 30,552 unvested performance based restricted stock units, for which the performance period has been satisfied. These performance based restricted stock units vest over a three year period, in which 33.33% of the units vest each year. The satisfaction of the 2022 performance based restricted units 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 2020, 2021 and 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 2023, February 2024 and February 2025, respectively, and will be reported at the time of vesting.