Farrow William M III 4

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.