Farrow William M III 4
4 · Cboe Global Markets, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Cboe (CBOE) Director William Farrow Receives RSU Award
What Happened
William M. Farrow III, a director of Cboe Global Markets (CBOE), received a grant of 530 restricted stock units (RSUs) reported on 2026-05-14. The Form 4 shows an "A" (award/grant) transaction for 530 units at $0.00 (no cash purchase). Each RSU represents a contingent right to one share of Cboe common stock that will convert to shares if vesting conditions are met.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed within the standard two business-day window).
- Award: 530 RSUs; reported acquisition price: $0.00 (standard for RSU grants).
- Vesting: RSUs vest on May 14, 2027, subject to continuous service through that date (per footnote).
- Rule 16b-3: The grant is reported as meeting the requirements of Rule 16b-3.
- Shares owned after transaction: not specified in the provided filing excerpt.
- No sale, open-market purchase, 10b5-1 plan, or tax-withholding details were disclosed in the excerpt.
Context
RSU grants are a form of compensation, not an immediate market purchase or sale; they only convert into actual shares if and when they vest. Such awards are common for directors and executives as long-term incentive pay and do not by themselves indicate a buy/sell decision in the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-14+530→ 12,735 total
Footnotes (1)
- [F1]Represents a restricted stock unit award granted under the Company's Third Amended and Restated Long-Term Incentive Plan, which meets the requirements of Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock that will vest on May 14, 2027, provided that the filing person has remained in service continuously through such date.