Edmonds Christopher Scott 4

Research Summary

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ICE (Intercontinental Exchange) President Christopher Edmonds Receives RSUs; 749 Shares Withheld

What Happened

  • Christopher Scott Edmonds, President, Fixed Income & Data at Intercontinental Exchange (ICE), received a grant of 5,915 restricted stock units (RSUs) on February 10, 2026.
  • On the same date 749 shares were disposed/withheld to satisfy tax withholding obligations at $169.48 per share, totaling $126,941. The RSU grant itself is recorded at $0 (awarded, not purchased).

Key Details

  • Transaction dates: February 10, 2026 (reported on Form 4 filed Feb 12, 2026 — timely).
  • Withholding: 749 shares withheld at $169.48/share = $126,941 (transaction code F = tax withholding).
  • Grant: 5,915 RSUs awarded (transaction code A = award/grant), recorded at $0 acquisition price.
  • Shares owned after transaction (per filing footnote): 10,312 shares of common stock plus 9,206 unvested RSUs and 9,107 PSUs (aggregate beneficial ownership reported).
  • Relevant footnotes:
    • F1: 749 withheld shares relate to RSUs issued on Feb 10, 2025 (1,645 of those were issued on Feb 10, 2026; 749 withheld to satisfy taxes).
    • F2: The 5,915 RSUs were issued on Feb 10, 2026 and vest over three years (1/3 each year).
    • F3–F5: Additional detail on aggregate holdings and performance-based RSUs (PSUs) vesting schedules and future determinations.
  • Filing timeliness: Report covers period 2026-02-10 and was filed 2026-02-12 (appears timely).

Context

  • This was an equity award with routine tax withholding, not an open-market sale or purchase; withholding of shares to cover taxes is common when RSUs vest.
  • The RSU grants vest over multiple years (time-based and some performance-based awards have later determination/vesting dates), so these awards do not represent an immediate market purchase signal.