Farooqui Duriya M 4
Research Summary
AI-generated summary
ICE Director Duriya M. Farooqui Receives 1,538 RSUs
What Happened
- Duriya M. Farooqui, a director of Intercontinental Exchange, Inc. (ICE), was granted 1,538 restricted stock units (RSUs) on May 18, 2026. The award was recorded at $0.00 per share (no cash paid) and will be settled in shares of ICE common stock when vested. This is an equity award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: May 18, 2026; filing date: May 20, 2026.
- Grant: 1,538 RSUs @ $0.00 (aggregate reported value $0 at grant).
- Shares owned after transaction (reported aggregate): 14,299 shares of common stock plus 1,538 RSUs = 15,837 total beneficially reported.
- Vesting/settlement: RSUs vest on the one-year anniversary (May 18, 2027) and may be settled only by delivery of common stock (per footnotes).
- Nature of transaction: Compensation award to a director (not a purchase or sale).
Context
- RSUs are a form of equity compensation that convert into shares upon vesting; they do not represent immediately tradable shares until settled.
- Such director RSU grants are routine compensation and do not by themselves indicate a buy or sell decision by the insider.