Kapani Mayur 4
4 · Intercontinental Exchange, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Intercontinental Exchange (ICE) CTO Kapani Mayur Sells 1,709 Shares
What Happened
Kapani Mayur, Chief Technology Officer of Intercontinental Exchange, had 1,709 shares disposed on February 12, 2026 to satisfy tax withholding related to the vesting of performance-based restricted stock units (PSUs). The withheld shares were disposed at $151.99 per share, for a total value of $259,751. These shares were part of a PSU award granted February 3, 2023; the third and final tranche of that award vested and was issued on February 12, 2026.
Key Details
- Transaction date and price: 2026-02-12 at $151.99 per share.
- Shares withheld/disposed: 1,709 shares; total value $259,751. (Transaction code F = tax withholding)
- Reported holdings (per filing): 62,252 shares of common stock, plus 8,907 unvested RSUs and 4,604 PSUs for which the performance period has been satisfied.
- Source of shares: Third tranche of performance-based RSUs granted 2/3/2023 (11,494 total; 3,832 issued on 2/12/2026; 1,709 withheld for taxes).
- Filing: Form 4 filed 2026-02-17 for the 2026-02-12 transaction; filing appears timely (Feb 16 was a federal holiday).
Context
This was a routine tax-withholding disposition (not an open-market sale) tied to the vesting of PSUs. The filing notes other ongoing PSU/RSU awards with future vesting or performance determinations (see footnotes regarding 2024–2026 TSR/EBITDA PSUs and Deal Incentive Awards). Tax-withholding disposals are standard and do not necessarily indicate a view on the company’s stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3][F4]2026-02-12$151.99/sh−1,709$259,751→ 75,763 total
Footnotes (4)
- [F1]Represents shares of performance based restricted stock units granted to the filing person on February 3, 2023. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2023 earnings before interest, taxes, depreciation, and amortization ("EBITDA") performance versus pre-established targets. The restricted stock units vest over three years (1/3 on February 12, 2024, 1/3 on February 12, 2025 and 1/3 on February 12, 2026). Of the 11,494 shares, 3,832 were issued on February 12, 2026, of which 1,709 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The third and final tranche of shares for this award have been issued.
- [F2]The common stock number referred in Table I is an aggregate number and represents 62,252 shares of common stock and 8,907 unvested restricted stock units ("RSUs"), and 4,604 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.
- [F3]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.
- [F4]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.