Williams Stuart Glen 4
4 · Intercontinental Exchange, Inc. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
ICE COO Stuart Glen Receives Award; Sells 4,170 Shares for Taxes
What Happened
Stuart Glen, Chief Operating Officer of Intercontinental Exchange (ICE), received 9,362 shares upon vesting of three‑year TSR performance‑based restricted stock units (PSUs) granted Feb 3, 2023. To satisfy tax withholding obligations, 4,170 of those shares were withheld/sold at $173.18 per share, resulting in proceeds of $722,161. The award shares were issued (acquisition code A) and the withholding/sale is reported under code F.
Key Details
- Transaction dates: shares vested/issued on 2026-02-03; filing date 2026-02-05.
- Award: 9,362 shares issued (acq. price reported $0.00) tied to TSR PSUs (vesting based on ICE vs. S&P 500 through 12/31/2025). (F1)
- Tax withholding/sale: 4,170 shares disposed at $173.18 each for $722,161 to satisfy tax withholding. (F3)
- Net shares delivered from this vesting: 9,362 − 4,170 = 5,192 shares (issued to Glen).
- Beneficial ownership reported: 12,541 shares of common stock, plus 3,590 unvested RSUs and 5,753 PSUs for which the performance period has been satisfied. This total includes 68 shares acquired via the Employee Stock Purchase Plan on 12/31/2025. (F2, F4)
- Other notes: Remaining PSUs from 2024/2025 and Deal Incentive Awards have later determination/vesting dates (F5, F6). Filing appears timely (transaction 2/3/2026; report filed 2/5/2026).
Context
- This was a compensation‑related vesting of performance shares, not an open‑market investment or a discretionary sale. A portion of vested shares was withheld/sold to cover tax obligations (a routine administrative step).
- The TSR PSUs payout was determined by ICE’s total shareholder return versus the S&P 500 for the 2023–2025 period; other performance awards have future determination dates.
Insider Transaction Report
Form 4
Williams Stuart Glen
Chief Operating Officer
Transactions
- Award
Common Stock
[F1][F2]2026-02-03+9,362→ 26,054 total - Tax Payment
Common Stock
[F3][F4][F5][F6]2026-02-03$173.18/sh−4,170$722,161→ 21,884 total
Footnotes (6)
- [F1]Represents shares issued to the filing person in connection with the vesting of the three-year total shareholder return performance based restricted stock units ("TSR PSUs") granted on February 3, 2023. The payout for the TSR PSUs was determined based on the Issuer's stock price through December 31, 2025 and was based on the total shareholder return from January 1, 2023 through December 31, 2025 relative to the S&P 500.
- [F2]Amount of securities beneficially owned includes 68 shares acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on December 31, 2025.
- [F3]Represents shares of common stock underlying vested TSR PSUs that are being withheld to satisfy payment of the Issuer's tax withholding obligations.
- [F4]The common stock number referred in Table I is an aggregate number and represents 12,541 shares of common stock and 3,590 unvested restricted stock units ("RSUs"), and 5,753 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.
- [F5]The satisfaction of the 2024 and 2025 TSR PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027 and February 2028, respectively, and will be reported at the time of vesting. The satisfaction of the 2024 and 2025 three-year earnings before interest, taxes, depreciation, and amortization ("EBITDA") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027 and February 2028, respectively, and will be reported at the time of vesting.
- [F6]The satisfaction of the performance based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.
Signature
/s/ Octavia N. Spencer, Attorney-in-fact|2026-02-05