February 12, 2024 · Form 4 insider transaction
Edmonds Christopher Scott bought 12,931 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.
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 12,931 shares, 4,309 were issued on February 12, 2024, of which 1,964 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 8,622 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.