James W. Namkung - Feb 6, 2023 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Role
Chief Accounting Officer
Signature
/s/ Octavia N. Spencer, Attorney-in-fact
Stock symbol
ICE
Transactions as of
Feb 6, 2023
Transactions value $
-$14,298
Form type
4
Date filed
2/8/2023, 04:00 PM
Previous filing
Feb 7, 2023
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICE Common Stock Tax liability -$14.3K -132 -0.68% $108.32 19.4K Feb 6, 2023 Direct F1, F2, 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 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, 438 shares were issued on February 6, 2023, of which 132 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 438 shares are scheduled to be issued on February 5, 2024 and taxes for this issuance will be withheld and reported at the time of vesting.
F2 Amount of securities beneficially owned includes 132 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on June 30, 2022.
F3 Amount of securities beneficially owned includes 76 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on December 30, 2022.
F4 The common stock number referred in Table I is an aggregate number and represents 13,106 shares of common stock and 888 unvested restricted stock units ("RSUs"), and 5,400 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 2023 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 2024 and will be reported at the time of vesting. The satisfaction of the 2022 and 2023 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 February 2026, respectively, and will be reported at the time of vesting.