Isaacson Christopher A 4
4 · Cboe Global Markets, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cboe (CBOE) EVP Christopher Isaacson Receives Award, Shares Withheld
What Happened
- Christopher A. Isaacson, EVP and COO of Cboe Global Markets (CBOE), had performance-based restricted stock units (PSUs) vest on Feb 12, 2026. A total of 15,512 shares were issued to him (recorded as awards, code A). To satisfy tax-withholding obligations, 6,348 of those shares were withheld (recorded as dispositions, code F) at a per-share value of $270.60, generating ~$1,717,770 in withholding value. The awards also included settlement of dividend-equivalent rights.
Key Details
- Transaction date: February 12, 2026. Filing date: February 17, 2026 (filed within required business-day window).
- Awarded (A): 7,462 + 7,462 + 294 + 294 = 15,512 shares issued (reported at $0.00 acquisition price).
- Withheld/Disposed (F): 2,776 + 3,310 + 131 + 131 = 6,348 shares withheld at $270.60/share; total value ≈ $1,717,770.
- Footnotes: F1 = issuance on vesting of PSUs (awarded Feb 19, 2023; performance period 1/1/2023–12/31/2025; Committee determined payout 2/12/2026). F2 = shares withheld to satisfy tax withholding on PSU vesting. F3 = settlement of dividend-equivalent rights tied to PSUs. F4 = shares withheld for tax on dividend-equivalent settlement.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Transaction codes: A = award/grant; F = shares withheld/used to pay tax obligation (not an open-market sale).
Context
- This was a routine vesting of performance-based equity and related tax-withholding via net share settlement, not an open-market sale or new cash purchase. For retail investors, tax-withholding dispositions indicate issuance and settlement mechanics (company retained shares to cover taxes) rather than a manager selling stock for investment reasons.
Insider Transaction Report
Form 4
Isaacson Christopher A
EVP, COO
Transactions
- Award
Common Stock
[F1]2026-02-12+7,462→ 45,042 total - Tax Payment
Common Stock
[F2]2026-02-12$270.60/sh−2,776$751,186→ 42,266 total - Award
Common Stock
[F1]2026-02-12+7,462→ 49,728 total - Tax Payment
Common Stock
[F2]2026-02-12$270.60/sh−3,310$895,686→ 46,418 total - Award
Common Stock
[F3]2026-02-12+294→ 46,712 total - Tax Payment
Common Stock
[F4]2026-02-12$270.60/sh−131$35,449→ 46,581 total - Award
Common Stock
[F3]2026-02-12+294→ 46,875 total - Tax Payment
Common Stock
[F4]2026-02-12$270.60/sh−131$35,449→ 46,744 total
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock issued to the Reporting Person pursuant to the vesting of restricted stock unit awards - performance based ("PSU") that were awarded to the Reporting Person on February 19, 2023. The issuance was based on the level of achievement by the Issuer of certain pre-established performance metrics for the performance period January 1, 2023 to December 31, 2025 as determined by the Compensation and Human Capital Committee on February 12, 2026.
- [F2]Represents shares of the Issuer's common stock withheld to satisfy the Issuer's tax withholding obligation upon the vesting of PSUs that were awarded on February 19, 2023 and the issuance of the underlying shares of the Issuer's common stock.
- [F3]Settlement of dividend equivalent rights in connection with the vesting of underlying PSUs that were awarded to the Reporting Person on February 19, 2023. The rights accrued when and as dividends were paid on the Issuer's common stock. Each dividend equivalent right was the economic equivalent of one share of the Issuer's common stock.
- [F4]Represents shares of the Issuer's common stock withheld to satisfy the Issuer's tax withholding obligation upon the settlement of dividend equivalent rights in connection with the vesting of underlying PSUs and the issuance of the underlying shares of the Issuer's common stock.
Signature
/s/ Patrick Sexton, Attorney-in-Fact|2026-02-17