Jackson Benjamin 4
4 · Intercontinental Exchange, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Intercontinental Exchange (ICE) President Jackson Benjamin Sells Shares
What Happened
- Jackson Benjamin, President of Intercontinental Exchange, sold a total of 3,865 shares in three open-market transactions on February 19, 2026, for aggregate proceeds of approximately $594,155. The individual sales were: 1,919 shares at $153.18 ($293,946), 1,246 shares at $153.90 ($191,758), and 700 shares at $154.93 ($108,451). These sales were effected under a Rule 10b5-1 trading plan effective November 3, 2025, indicating preplanned, formula-driven disposals rather than ad-hoc trades.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 20, 2026 (timely).
- Trade type: Open-market sales (Code S); total shares sold = 3,865; total proceeds ≈ $594,155.
- Reported holdings after the transactions (per filing footnote): 143,305 shares of common stock, plus 17,204 unvested RSUs and 4,795 PSUs (performance period satisfied for those PSUs). RSUs/PSUs generally vest over time (see footnotes).
- Notable footnotes:
- F1: Trades were made pursuant to a Rule 10b5-1 plan effective 11/03/2025.
- F2–F4: Price ranges for aggregate amounts sold by the direct holder are disclosed; the issuer can provide the exact breakdown by price on request.
- F6–F7: Several performance-based awards (TSR/EBITDA PSUs and Deal Incentive Awards) have vesting/satisfaction dates in future years and will be reported when determined.
- Filing appears timely (filed the business day after the trades).
Context
- Sales under a pre-established 10b5-1 plan are typically routine and structured to avoid trading on inside information; they do not necessarily signal management’s view of the company’s prospects. Purchases are generally more indicative of insider conviction; this filing documents dispositions only.
Insider Transaction Report
Form 4
Jackson Benjamin
President
Transactions
- Sale
Common Stock
[F1][F2]2026-02-19$153.18/sh−1,919$293,946→ 167,250 total - Sale
Common Stock
[F1][F3]2026-02-19$153.90/sh−1,246$191,758→ 166,004 total - Sale
Common Stock
[F1][F4][F5][F6][F7]2026-02-19$154.93/sh−700$108,451→ 165,304 total
Footnotes (7)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of November 3, 2025.
- [F2]The price range for the aggregate amount sold by the direct holder is $152.56 - $153.53. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- [F3]The price range for the aggregate amount sold by the direct holder is $153.56 - $154.54. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- [F4]The price range for the aggregate amount sold by the direct holder is $154.60 - $155.59. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- [F5]The common stock number referred in Table I is an aggregate number and represents 143,305 shares of common stock and 17,204 unvested restricted stock units ("RSUs"), and 4,795 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.
- [F6]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.
- [F7]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.
Signature
/s/ Octavia N. Spencer, Attorney-in-fact|2026-02-23