Foley Douglas 4
4 · Intercontinental Exchange, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Intercontinental Exchange (ICE) SVP Douglas Foley Sells 1,600 Shares
What Happened
Douglas Foley, Senior Vice President, HR & Administration at Intercontinental Exchange (ICE), sold 1,600 shares of ICE common stock in an open-market transaction on March 9, 2026. The shares were sold at $164.96 each for total proceeds of $263,936. The Form 4 reports the sale was effected under a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: March 9, 2026 (reported on Form 4 filed March 11, 2026). Filing appears timely (within the Form 4 reporting window).
- Transaction type/code: Sale (S) — open market.
- Price and value: 1,600 shares at $164.96 per share, total $263,936.
- Holdings reported on the Form: an aggregate of 21,831 shares of common stock plus 3,472 unvested RSUs and 959 PSUs (total aggregate units = 26,262).
- Notable footnotes:
- The sale was made pursuant to a Rule 10b5-1 trading plan that became effective November 7, 2025 (F1).
- RSUs vest over three years (33.33% each year) and certain PSUs/deal incentive awards have future vesting/satisfaction dates that will be reported when determined (F2–F4).
Context
This was a sale under a 10b5-1 plan (pre-arranged), which is typically considered routine and reduces the implication that the insider traded on undisclosed, material information. Sales do not signal the same level of insider conviction as purchases; retail investors often view pre-planned sales as liquidity or diversification actions rather than a direct statement about company prospects.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3][F4]2026-03-09$164.96/sh−1,600$263,936→ 26,262 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of November 7, 2025.
- [F2]The common stock number referred in Table I is an aggregate number and represents 21,831 shares of common stock and 3,472 unvested restricted stock units ("RSUs"), and 959 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.
- [F3]The satisfaction of the 2024, 2025 and 2026 three-year total shareholder return (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 year-three 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.
- [F4]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.