Gardiner Warren 4
Research Summary
AI-generated summary
Intercontinental Exchange (ICE) CFO Gardiner Warren Sells Shares
What Happened
- Gardiner Warren, Chief Financial Officer of Intercontinental Exchange (ICE), sold 2,490 shares of ICE common stock on May 19, 2026 at $156.64 per share, for total proceeds of $390,034. The disposition was reported on a Form 4 filed May 20, 2026. This was a sale (not a purchase) and was effected under a pre-existing Rule 10b5-1 trading plan.
Key Details
- Transaction date and price: 2026-05-19, 2,490 shares @ $156.64 each (total $390,034).
- Method: Reported as an open market or private sale (S); effected pursuant to a Rule 10b5-1 plan approved and effective June 9, 2025 (Footnote F1).
- Shares owned after transaction: aggregate 25,189 beneficially owned (12,914 shares of common stock; 10,117 unvested RSUs; 2,158 PSUs) as disclosed in the filing (Footnote F2). RSUs/PSUs vesting and payout timing noted below.
- Vesting/award notes: RSUs and vested PSUs generally vest 33.33% per year over three years (F2). Several performance-based PSU outcomes (TSR and EBITDA for 2024–2026) and Deal Incentive Award vesting will be determined and reported at future vesting dates (F3, F4).
- Filing timeliness: Form 4 filed 2026-05-20 for a 2026-05-19 transaction — appears timely (not marked late).
Context
- Sales executed under 10b5-1 plans are pre-arranged and often reflect scheduled, not discretionary, selling; filings are factual records of the transaction and do not by themselves indicate management view of company prospects.