Jackson Benjamin 4

What Happened

• Benjamin Jackson, President of Intercontinental Exchange (ICE), was issued 28,087 shares on 2026-02-03 upon vesting of three-year performance-based restricted stock units (TSR PSUs).
• To satisfy tax withholding obligations, 12,625 of those shares were withheld/disposed at $173.18 each, generating proceeds of $2,186,398. Net shares received from this vesting: 15,462.

Key Details

• Transaction dates and prices: Award (A) on 2026-02-03 — 28,087 shares @ $0.00; Withholding (F) on 2026-02-03 — 12,625 shares @ $173.18 (total $2,186,398). Filed with the SEC on 2026-02-05 (covers 2026-02-03 transactions).
• Shares owned after transaction (per filing footnote): filing references aggregate holdings that include 138,057 shares of common stock plus unvested awards (9,424 RSUs and 18,211 PSUs for which the performance period has been satisfied).
• Notable footnotes:
  • F1: These shares resulted from vesting of TSR PSUs granted Feb 3, 2023, paid based on ICE’s total shareholder return vs. the S&P 500 through Dec 31, 2025.
  • F3: The 12,625-share disposal represents shares withheld to satisfy tax withholding on vested TSR PSUs.
  • F2/F4–F6: Filing notes additional ESPP purchases and other unvested/contingent awards whose future payouts will be reported at vesting.
• Filing timeliness: Report filed Feb 5 for Feb 3 transactions (within the usual two-business-day Form 4 window).

Context

• This was not an open-market sale but a net settlement of vested performance awards: shares were issued for performance-based PSUs and a portion was withheld to cover taxes (a routine administrative step, not an indication of a market view).
• For retail investors: award receipts signal compensation realization by management; tax-withholding dispositions are common and don’t necessarily indicate a personal decision to sell stock for investment reasons.