Jackson Benjamin 4

What Happened

• Jackson Benjamin, President of Intercontinental Exchange (ICE), exercised vested stock options on March 10, 2026 to acquire a total of 2,724 shares. The exercise occurred in three tranches: 1,079 shares at $92.63 (cost $99,948), 875 shares at $114.19 (cost $99,916), and 770 shares at $129.76 (cost $99,915). Aggregate cash paid for the exercises was approximately $299,779.
• The filing also reports corresponding derivative dispositions at $0 for the same share amounts, which reflect the cancellation/conversion of the derivative option instruments upon exercise. No open-market sale of the acquired shares was reported.

Key Details

• Transaction date: 2026-03-10. Form 4 filed: 2026-03-12 (timely).
• Exercise tranches and costs: 1,079 @ $92.63 ($99,948); 875 @ $114.19 ($99,916); 770 @ $129.76 ($99,915).
• Total shares acquired: 2,724. Total cash paid: ~$299,779.
• Shares owned after transaction (per filing): 142,164 common shares, plus 17,204 unvested RSUs and 4,795 PSUs (see footnote F1).
• Notable footnotes:
  • F1: RSUs and PSUs vest over three years (33.33% per year).
  • F2/F3: Certain performance-based PSU and deal-incentive awards have future performance/time-based vesting determinations (vesting results reported later).
  • F4: The options exercised were fully vested.
• No 10b5-1 plan, sale, or late filing was disclosed in this filing.

Context

• This was an exercise of vested options (derivative code M). The report shows acquisition via exercise and the related derivative cancellation; it does not show any sale of the newly acquired shares, so this transaction increased the insider’s reported holdings.
• Exercises are common for executives to convert vested option rights into shares; they do not necessarily signal a buy/sell view of the company’s stock price.