Edmonds Christopher Scott 4
Research Summary
AI-generated summary
ICE President Christopher Edmonds Withholds 1,963 Shares for Taxes
What Happened
- Christopher Scott Edmonds, President, Fixed Income & Data at Intercontinental Exchange (ICE), had 1,963 shares withheld on February 12, 2026 to satisfy the issuer's tax withholding obligation. The withheld shares were valued at $151.99 each, totaling $298,356. This withholding occurred as part of the final tranche of a performance‑based restricted stock unit (PSU) award granted February 3, 2023.
Key Details
- Transaction date and price: 2026-02-12; 1,963 shares at $151.99 per share.
- Transaction type: F — shares withheld to satisfy tax withholding (not an open‑market sale).
- Aggregate ownership reported (per filing footnote): 12,661 shares of common stock, 9,206 unvested RSUs, and 4,795 PSUs for which the performance period has been satisfied.
- Award/vesting note: The PSU award granted 12,931 shares in total; 4,312 shares were issued on Feb 12, 2026, and 1,963 of those were withheld for taxes (this was the third and final tranche for that award) (see footnote F1).
- Filing timeliness: Transaction reported in a Form 4 filed Feb 17, 2026 for a Feb 12 transaction — the filing appears to be late relative to the usual two‑business‑day Form 4 deadline.
Context
- This was a tax withholding related to PSU vesting (a common, routine corporate action) rather than an open‑market sale; withheld shares do not necessarily indicate insider selling intent. The transaction code F denotes shares were used to satisfy tax obligations.