February 8, 2024 · Form 4 insider transaction
King Elizabeth Kathryn sold 3,783 shares of Intercontinental Exchange, Inc. at $132.03 per share, a transaction worth $499.5K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 1 day after the transaction.
This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of November 23, 2022.; The common stock number referred in Table I is an aggregate number and represents 11,574 shares of common stock and 768 unvested restricted stock units ("RSUs"), and 4,900 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 2022 and 2023 total shareholder return PSUs 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.