Edmonds Christopher Scott 4

Research Summary

AI-generated summary

Updated

ICE President Christopher Edmonds Receives Award; Shares Withheld

What Happened

  • Christopher Scott Edmonds, President, Fixed Income & Data at Intercontinental Exchange (ICE), received 14,043 shares on Feb 3, 2026 upon vesting of three‑year TSR performance-based restricted stock units (TSR PSUs) granted Feb 3, 2023. To satisfy tax withholding obligations, 6,393 of those shares were withheld (disposed) at $173.18 per share, totaling $1,107,140. The Form 4 was filed Feb 5, 2026 covering the Feb 3, 2026 transactions.

Key Details

  • Transaction date: 2026-02-03; filing date: 2026-02-05.
  • Award: 14,043 shares issued (code A) at $0.00 (vesting of TSR PSUs).
  • Tax withholding: 6,393 shares withheld/treated as disposed (code F) at $173.18/share = $1,107,140.
  • Shares retained from this vesting: net +7,650 shares (14,043 issued − 6,393 withheld).
  • Holdings after transaction (per footnote): aggregate of 9,416 shares of common stock, 4,936 unvested RSUs, and 9,107 PSUs for which the performance period has been satisfied. Also includes 83 and 68 shares from the Employee Stock Purchase Plan (6/30/25 and 12/31/25).
  • Footnotes: F1 = vesting of Feb 3, 2023 TSR PSUs determined by ICE’s TSR vs. S&P 500 through 12/31/2025; F3 = shares withheld to satisfy tax withholding; F5–F6 note future PSU/EBITDA/Deal‑Incentive award determinations and vesting schedules.
  • No late‑filing flag indicated on the report.

Context

  • This was not an open‑market sale but issuance on vesting of performance PSUs, with a portion withheld to cover taxes (a routine payroll/tax withholding action, not a market sale). The payout was based on relative total shareholder return for 2023–2025; other multi‑year awards remain subject to future performance and vesting schedules.