PALMORE RODERICK A 4
Research Summary
AI-generated summary
Cboe Global Markets (CBOE) Director Roderick Palmore Receives 530 RSUs
What Happened
Roderick A. Palmore, a director of Cboe Global Markets, was granted 530 restricted stock units (RSUs) on May 14, 2026. The grant was reported on a Form 4 filed May 18, 2026. The RSUs were awarded at $0.00 (no cash paid) and therefore show $0 immediate purchase value; each RSU represents a contingent right to one share of Cboe common stock that will vest on May 14, 2027 if Palmore remains in service.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18.
- Transaction type/code: A = Award/Grant of 530 RSUs at $0.00 (no cash outlay).
- Vesting/contingency: RSUs vest on May 14, 2027, subject to continuous service.
- Plan/Compliance: Award granted under the company’s long-term incentive plan and noted to meet Rule 16b-3 requirements.
- Shares owned after transaction: Not disclosed in the provided filing.
- Timeliness: Filed 4 days after the transaction; exceeds the typical two business‑day Form 4 filing deadline (a late filing).
Context
RSUs are a common form of equity compensation and do not represent immediate stock ownership until they vest. This grant is not a market purchase or sale and should be viewed as compensation rather than a direct signal of buying or selling intent. The award’s ultimate value depends on Cboe’s share price at vesting and Palmore’s continued service through the vesting date.