King Elizabeth Kathryn 4

What Happened

• Elizabeth Kathryn King, Global Head of Clearing & Chief Risk Officer at Intercontinental Exchange (ICE), was granted 3,640 restricted stock units (RSUs) on February 10, 2026 (recorded as an acquisition, code A). Separately, 417 shares were withheld from a prior RSU vesting to satisfy tax withholding at $169.48 per share, a disposition reported as tax-withholding (code F) for proceeds of $70,673.
• The 3,640 RSUs were awarded at $0.00 (compensation grant) and vest over three years (one-third each year). The 417 shares withheld came from a prior award (3,141 RSUs issued in 2025) of which 1,047 shares vested on Feb 10, 2026; 417 of those were used to cover withholding.

Key Details

• Transaction date: February 10, 2026. Withheld shares price: $169.48; tax-withholding proceeds: $70,673. RSU grant: 3,640 units @ $0.00.
• Reported holdings (aggregate per filing): 13,896 shares of common stock, 5,734 unvested RSUs, and 5,753 PSUs for which the performance period has been satisfied. RSUs/PSUs vest over three years (33.33% each year).
• Notable footnotes: (F1) 3,141 prior RSUs vesting schedule and 417 shares withheld for taxes; (F2) new 3,640 RSU award vests over three years; (F4) certain TSR and EBITDA PSU payouts for 2024–2026 will be determined in future vesting years (2027–2029).
• Filing timeliness: Form 4 filed Feb 12, 2026 covering transactions on Feb 10, 2026 (filed within the normal 2-business-day window).

Context

• The 417-share disposal was a tax-withholding event (code F), not an open-market sale — a routine administrative action when RSUs vest. The 3,640 RSUs are a compensation grant (code A) and are not an immediate cash purchase; they vest over time.
• For retail investors: RSU grants show compensation alignment with the company but are not a clear bullish purchase signal. PSUs noted in the filing have performance-based outcomes that will be reported when determined at vesting.