Andrew J. Surdykowski - Feb 10, 2023 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Role
General Counsel
Signature
/s/ Octavia N. Spencer, Attorney-in-fact
Stock symbol
ICE
Transactions as of
Feb 10, 2023
Transactions value $
-$96,208
Form type
4
Date filed
2/14/2023, 04:49 PM
Previous filing
Feb 7, 2023
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICE Common Stock Award $0 +2.59K +6.38% $0.00 43.2K Feb 10, 2023 Direct F1, F2
transaction ICE Common Stock Tax liability -$96.2K -885 -2.05% $108.71 42.3K Feb 10, 2023 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 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 7, 2020. The payout amount for the TSR PSUs was determined based on the Issuer's stock price through December 31, 2022 and was based on the total shareholder return from January 1, 2020 through December 31, 2022 relative to the S&P 500.
F2 Amount of securities beneficially owned includes 76 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on December 30, 2022.
F3 Represents shares of common stock underlying vested TSR PSUs that are being withheld to satisfy payment of the Issuer's tax withholding obligations.
F4 The common stock number referred in Table I is an aggregate number and represents 35,905 shares of common stock and 6,383 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 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 2021, 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 2024, February 2025 and February 2026, respectively, and will be reported at the time of vesting.