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MARKETAXESS HOLDINGS INC·4

Feb 17, 4:30 PM ET

Panchal Naineshkumar Shantilal 4

Research Summary

AI-generated summary

Updated

MarketAxess (MKTX) CIO Panchal Receives Awards, Surrenders Shares for Taxes

What Happened

  • Panchal Naineshkumar Shantilal, Chief Information Officer of MarketAxess (MKTX), received awards of shares (restricted/performance stock units) that vested and, to cover tax withholding, surrendered a portion of those shares. Specifically, 3,633 shares were recorded as acquired via awards (394 on 2026-02-13 and 3,239 on 2026-02-15, reported at $0.00), and a total of 1,175 shares were surrendered/disposed to satisfy tax withholding (159 shares and 1,016 shares on 2026-02-15) at $179.36 per share, with the surrendered shares valued at $28,518 and $182,230 respectively (total ~$210,748).

Key Details

  • Transaction types: Awards/Grants (code A) and share surrender for tax withholding (code F).
  • Dates & prices: Awards on Feb 13, 2026 (394 shares, $0.00) and Feb 15, 2026 (3,239 shares, $0.00). Withholdings on Feb 15, 2026: 159 shares @ $179.36 and 1,016 shares @ $179.36.
  • Value of shares surrendered (to cover taxes): $28,518 + $182,230 = $210,748 total.
  • Shares owned after transaction: Not disclosed in the information provided in this summary.
  • Filing: Report filed Feb 17, 2026 (covers transactions dated Feb 13 and Feb 15). The filing does not indicate a late reporting flag in the provided details.
  • Footnotes of note:
    • F1: The performance metrics for the performance stock units were certified by the Compensation and Talent Committee on Feb 13, 2026.
    • F2/F4: The disposals represent surrender of shares to satisfy tax withholding upon vesting.
    • F3: The Feb 15, 2026 grant are restricted stock units that vest 34% on Feb 15, 2027; 33% on Feb 15, 2028; 33% on Feb 15, 2029.

Context

  • These transactions reflect vesting and tax withholding (common, non‑market sale activity) rather than an open‑market sale or a cash purchase. The performance stock units were certified (F1), and the RSUs have multi‑year vesting schedules (F3). Surrendering shares to cover tax obligations is a routine administrative step and does not necessarily indicate a change in the insider's view of the company's prospects.