Stuart Glen Williams - Sep 15, 2023 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Role
Chief Operating Officer
Signature
/s/ Octavia N. Spencer, Attorney-in-fact
Stock symbol
ICE
Transactions as of
Sep 15, 2023
Transactions value $
-$88,410
Form type
4
Date filed
9/19/2023, 04:31 PM
Previous filing
Feb 21, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICE Common Stock Tax liability -$88.4K -764 -7.04% $115.72 10.1K Sep 15, 2023 Direct F1, F2, F3
* 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 units issued to the filing person on September 15, 2022. The restricted stock units vest over three years (1/3 on September 15, 2023, 1/3 on September 15, 2024 and 1/3 on September 15, 2025). Of the 5,081 shares, 1,693 shares were issued on September 15, 2023, of which 764 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 3,388 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.
F2 Amount of securities beneficially owned includes 121 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on June 30, 2023.
F3 The common stock number referred in Table I is an aggregate number and represents 3,575 shares of common stock and 3,388 unvested restricted stock units ("RSUs"), and 3,131 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 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.