Kapani Mayur 4
4 · Intercontinental Exchange, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Intercontinental Exchange (ICE) CTO Mayur Kapani Receives RSU Award
What Happened Mayur Kapani, Chief Technology Officer of Intercontinental Exchange (ICE), received a grant of 5,915 restricted stock units (RSUs) on February 10, 2026 (acquired at $0). On the same date 668 shares were disposed/withheld to satisfy tax withholding at $169.48 per share, totaling $113,213. These 668 withheld shares came from vested RSUs issued from a prior award (issued Feb 10, 2026 from a 2025 grant).
Key Details
- Transaction date: February 10, 2026. Form filed Feb 12, 2026 (timely).
- Grant: 5,915 RSUs issued on Feb 10, 2026 (vests over three years; 1/3 each anniversary) — code A (award).
- Tax withholding/disposition: 668 shares withheld at $169.48 each, proceeds/withholding value = $113,213 — code F.
- Shares owned after transaction (per Table I): 60,129 common shares; 8,907 unvested RSUs; 8,436 performance-based RSUs (PSUs) for which the performance period has been satisfied.
- Notable footnotes:
- The 668 shares were withheld from 1,495 shares issued on Feb 10, 2026 under a prior (Feb 10, 2025) RSU grant; remaining portions of those grants vest on future anniversaries.
- Some PSUs’ final payouts (TSR and EBITDA metrics for 2024–2026) will be determined in future years and reported at vesting.
- Filing status: Timely filed (not late).
Context This filing reflects a routine equity award and tax-withholding event tied to executive RSU grants and vesting, not an open‑market sale or purchase. The RSU grants vest over multi-year schedules; withheld shares to cover taxes (code F) are common and do not necessarily indicate a change in insider sentiment. Performance-based awards (PSUs) referenced in the footnotes will be settled and reported when performance periods conclude.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-10$169.48/sh−668$113,213→ 71,557 total - Award
Common Stock
[F2][F3][F4][F5]2026-02-10+5,915→ 77,472 total
Footnotes (5)
- [F1]Represents shares of restricted stock units issued to the filing person on February 10, 2025. The restricted stock units vest over three years (1/3 on February 10, 2026, 1/3 on February 10, 2027 and 1/3 on February 10, 2028). Of the 4,487 shares, 1,495 shares were issued on February 10, 2026, of which 668 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 2,992 shares are scheduled to be issued on the two remaining vesting dates and taxes for these future issuances will be withheld and reported at the time the shares are issued.
- [F2]Represents restricted stock units issued to the filing person on February 10, 2026. This award of restricted stock units vests over three years (1/3 on each anniversary of the award date).
- [F3]The common stock number referred in Table I is an aggregate number and represents 60,129 shares of common stock and 8,907 unvested restricted stock units ("RSUs"), and 8,436 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.
- [F4]The satisfaction of the 2024, 2025 and 2026 TSR PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting. The satisfaction of the 2024, 2025 and 2026 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, February 2028 and February 2029, respectively, and will be reported at the time of vesting.
- [F5]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.