Surdykowski Andrew J 4

What Happened Andrew J. Surdykowski, General Counsel of Intercontinental Exchange, reported that 645 shares were withheld (disposed) to satisfy tax withholding related to the issuance of performance‑based restricted stock units (PSUs). The shares were valued at $152.28 each, for a total of $98,221, and the transaction was reported on Form 4 covering the Feb 17, 2026 issuance.

Key Details

• Transaction date and filing: shares withheld on 2026-02-17; Form 4 filed 2026-02-19 (timely).
• Transaction type/code: F — tax withholding (not an open-market sale).
• Quantity/price/value: 645 shares withheld at $152.28 per share; total value $98,221.
• Holdings after transaction (per filing): beneficially owns 43,513 shares of common stock, plus 5,734 unvested RSUs and 1,440 PSUs for which the performance period has been satisfied.
• Relevant footnotes:
  • The withheld shares came from PSUs granted Feb 12, 2024; 1,438 shares were issued on Feb 17, 2026, of which 645 were withheld for taxes (F1).
  • An additional 1,440 PSU shares are scheduled to be issued Feb 12, 2027; other PSU/RSU vesting and payout outcomes will be reported when determined (F1–F4).

Context This was a routine tax‑withholding disposition tied to PSU vesting (a common practice when awards vest). Transaction code F indicates shares were surrendered to the company to cover withholding obligations rather than sold on the open market, so it should not be interpreted as a directional trade signal.