Cboe Global Markets, Inc. 8-K

What Happened
Cboe Global Markets filed an 8-K on January 26, 2026 announcing that Executive Vice President and Chief Operating Officer Christopher Isaacson will retire effective end of day March 6, 2026. Mr. Isaacson will provide consulting services to the company through December 31, 2026. The company also announced that Scott Johnston will join on February 17, 2026 and is expected to succeed Mr. Isaacson as COO effective March 7, 2026.

Key Details

• Christopher Isaacson retirement date: March 6, 2026; consulting period through December 31, 2026.
• Consulting fee for Isaacson: $541,666, payable in equal monthly installments during the consulting period.
• Equity treatment for Isaacson: pro rata retention of certain time-based RSUs vesting February 2027 and pro rata or full retention of certain performance-based RSUs vesting February 2027 and 2028 (paid at target), with other awards forfeited; subject to execution of a release and restrictive covenants.
• Scott Johnston start/succession: joins Feb 17, 2026; COO effective March 7, 2026. Compensation highlights: $550,000 base salary; 130% target short-term bonus (prorated for 2026); annual long-term incentive target value $2,735,000 (prorated); $1,000,000 sign-on equity award (3-year cliff); one-time cash sign-on bonus $627,200 (gross).

Why It Matters
This 8-K informs investors of a planned leadership transition at the COO level and the related compensation and consulting arrangements. The consulting fee, sign-on cash and equity awards and prorated incentive grants represent one-time and ongoing costs that will affect executive compensation expense. The named successor has extensive operations and trading-technology experience, indicating management continuity for Cboe’s operational oversight. The company also issued a press release summarizing these items.