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MARKETAXESS HOLDINGS INC·4

Feb 17, 4:30 PM ET

McPherson Kevin M 4

Research Summary

AI-generated summary

Updated

MarketAxess (MKTX) CRO Kevin McPherson Receives Awards, Surrenders Shares

What Happened

  • Kevin M. McPherson, Chief Revenue Officer of MarketAxess (MKTX), had performance and restricted stock unit transactions in mid-February 2026. On Feb 13, 2026 he acquired 939 shares (performance stock units) at $0.00 following certification of performance metrics; 462 of those shares were surrendered on Feb 15, 2026 to satisfy tax withholding (disposed at $179.36, value $82,864). On Feb 15, 2026 he was granted 4,416 restricted stock units (RSUs) at $0.00 (multi-year vesting); separately 1,525 shares were surrendered on Feb 15 to satisfy tax withholding related to prior RSU vesting (disposed at $179.36, value $273,524). In total: 5,355 units awarded/granted and 1,987 shares surrendered for taxes (total withheld value $356,388).
  • These were awards/vesting events and share surrenders to cover tax obligations — not open-market sales or purchases.

Key Details

  • Transaction dates/prices:
    • 2026-02-13: Award/acquisition of 939 shares @ $0.00 (PSU vesting after committee certification).
    • 2026-02-15: 462 shares surrendered @ $179.36 (disposed) to cover taxes — $82,864.
    • 2026-02-15: Grant of 4,416 RSUs @ $0.00 (new award).
    • 2026-02-15: 1,525 shares surrendered @ $179.36 (disposed) to cover taxes — $273,524.
  • Shares owned after transaction: Not disclosed in the provided filing details.
  • Notable footnotes:
    • F1: Compensation Committee certified PSU performance metrics (relating to PSUs granted 2/15/2023).
    • F2/F4: The disposals represent share surrenders to satisfy tax withholding upon vesting.
    • F3: The 4,416 RSUs vest 34% on 2/15/2027, 33% on 2/15/2028, and 33% on 2/15/2029.
  • Filing date: Form 4 filed Feb 17, 2026 covering transactions on Feb 13–15, 2026. No indication in the provided data that the filing was late.

Context

  • These transactions are largely compensation-related (PSU vesting and an RSU grant) with shares surrendered to cover tax obligations — a routine, non‑open-market action. Surrendering shares to satisfy withholding is common and should not be read the same as a voluntary market sale.
  • The PSU event required committee certification of performance metrics before vesting; the RSU grant will vest over the next three years per the schedule above.