Williams Stuart Glen 4

What Happened

• Williams Stuart Glen, Chief Operating Officer of Intercontinental Exchange (ICE), had 641 shares withheld to satisfy tax withholding related to the vesting/issuance of performance-based restricted stock units (PSUs). The withholding was reported as a disposition (transaction code F) on Feb 17, 2026.
• The withheld shares were valued at $152.28 each, totaling $97,611. A total of 1,438 performance-based RSU shares were issued that day, of which 641 were withheld and 797 were delivered to Williams.

Key Details

• Transaction date and price: Feb 17, 2026; 641 shares at $152.28 each; total $97,611.
• Shares delivered from this issuance: 797 shares (1,438 issued less 641 withheld).
• Holdings reported (aggregate): 15,595 shares of common stock, plus 8,309 unvested RSUs and 1,440 PSUs (performance period satisfied for those PSUs).
• Footnotes: The 641 withheld relate to performance-based RSUs granted Feb 12, 2024 that vest over three years (1/3 each year). Additional PSUs/RSUs remain subject to future vesting and performance determinations (see F1–F4).
• Filing: Report filed Feb 19, 2026 for a Feb 17, 2026 transaction (filed two days after transaction).

Context

• Code F indicates tax withholding on issued equity — a routine administrative disposition, not an open-market sale. This does not necessarily signal a change in the insider’s view of the stock.
• The award involved performance-based RSUs tied to 2024 EBITDA targets; other multi-year PSU performance results will be determined and reported in future vesting periods.