Foley Douglas 4
Research Summary
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Intercontinental Exchange (ICE) SVP Douglas Foley Pays Tax Withholding — 643 Shares
What Happened Douglas Foley, Senior Vice President, HR & Administration at Intercontinental Exchange (ICE), had 643 shares withheld on February 12, 2026 to satisfy the issuer's tax withholding obligation related to vested performance-based restricted stock units (PSUs). The withheld shares were valued at $151.99 each, totaling approximately $97,730. This was not an open-market sale or purchase by Foley but a routine tax-withholding event tied to the vesting of equity awards.
Key Details
- Transaction date and price: Feb 12, 2026 — 643 shares withheld at $151.99 per share (total ~$97,730). (Transaction code F = tax/withholding.)
- Vesting detail: These shares were part of a performance-based RSU award granted Feb 3, 2023 (4,309 PSUs total). 1,437 shares were issued on Feb 12, 2026 and 643 of those were withheld for taxes; this was the third and final tranche for that award (see footnote F1).
- Holdings after transaction: Filing reports aggregate beneficial ownership of 22,902 shares of common stock, plus 3,472 unvested RSUs and 1,917 PSUs for which the performance period has been satisfied (per filing footnote F2).
- Filing timing: Form 4 filed Feb 17, 2026 for the Feb 12, 2026 transaction — appears to be filed one business day after the typical two-business-day Form 4 deadline.
Context This was a tax-withholding (cashless) transaction tied to the vesting of performance-based equity, not a discretionary sale. Withheld shares to cover taxes are routine and do not necessarily signal insider sentiment about the company.