4//SEC Filing
Vice Charles A 4
Accession 0001209191-20-011283
CIK 0001571949other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 7:12 PM ET
Size
12.4 KB
Accession
0001209191-20-011283
Insider Transaction Report
Form 4
Vice Charles A
President&Chief Op. Officer
Transactions
- Tax Payment
Common Stock
2020-02-18$96.20/sh−4,421$425,300→ 374,073 total - Award
Common Stock
2020-02-18+29,312→ 378,494 total - Award
Common Stock
2020-02-19+29,041→ 403,114 total - Tax Payment
Common Stock
2020-02-19$95.42/sh−13,154$1,255,155→ 389,960 total
Footnotes (5)
- [F1]Represents shares of performance based restricted stock units granted to the filing person on February 8, 2019. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2019 earnings before interest, taxes, depreciation, and amortization ("EBITDA") performance versus pre-established targets. The restricted stock units vest over three years (1/3 on February 18, 2020, 1/3 on February 18, 2021 and 1/3 on February 18, 2022). Of the 29,312 shares, 9,771 were issued on February 18, 2020, of which 4,421 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 19,541 shares are scheduled to be issued on the two remaining vesting dates and taxes for these future issuances will be withheld and reported at the time the shares are issued.
- [F2]Represents shares of common stock underlying vested restricted stock units that are being withheld to satisfy payment of the Issuer's tax withholding obligation.
- [F3]Represents shares issued to the filing person in connection with the vesting of the three-year total shareholder return performance based restricted stock units ("TSR PSUs") granted on January 18, 2017. The payout amount for the TSR PSUs was determined based on the Issuer's stock price through December 13, 2019 and was based on the total shareholder return from January 1, 2017 through December 31, 2019 relative to the S&P 500.
- [F4]Represents shares of common stock underlying vested TSR PSUs that are being withheld to satisfy payment of the Issuer's tax withholding obligations.
- [F5]The common stock number referred in Table I is an aggregate number and represents 337,917 shares of common stock and 52,043 unvested performance based restricted stock units, for which the performance period has been satisfied. These performance based restricted stock units vest over a three year period, in which 33.33% of the units vest each year. The satisfaction of the 2020 performance based restricted units tied to earnings before interest, taxes, depreciation, and amortization ("EBITDA") and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2021 and will be reported at the time of vesting. The satisfaction of the 2018, 2019 and 2020 total shareholder return performance based restricted stock units and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2021, February 2022 and February 2023, respectively, and will be reported at the time of vesting.
Documents
Issuer
Intercontinental Exchange, Inc.
CIK 0001571949
Entity typeother
Related Parties
1- filerCIK 0001343884
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 7:12 PM ET
- Size
- 12.4 KB