Kapani Mayur bought ICE
February 12, 2024 · Form 4 insider transaction
Kapani Mayur bought 11,494 shares of Intercontinental Exchange, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents shares of performance based restricted stock units granted to the filing person on February 3, 2023. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2023 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 12, 2024, 1/3 on February 12, 2025 and 1/3 on February 12, 2026). Of the 11,494 shares, 3,830 were issued on February 12, 2024, of which 1,718 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 7,664 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.