McPeek Jennifer J 4
Research Summary
AI-generated summary
Cboe (CBOE) Director Jennifer McPeek Receives RSU Award
What Happened Jennifer J. McPeek, a director of Cboe Global Markets, Inc. (CBOE), was granted 530 restricted stock units (RSUs) on May 14, 2026. The grant is reported at an acquisition price of $0.00 (total reported value $0) because RSUs are an equity award, not an open‑market purchase. Each RSU represents a contingent right to one share of Cboe common stock that will vest on May 14, 2027, subject to continuous service.
Key Details
- Transaction date: 2026-05-14; reported on Form 4 filed 2026-05-18 (filed within the required two business days).
- Award: 530 restricted stock units; acquisition price reported as $0.00.
- Vesting: RSUs vest on May 14, 2027 if the director remains in continuous service (see footnote F1).
- Plan and compliance: Award granted under the Company’s Third Amended and Restated Long-Term Incentive Plan and meets Rule 16b-3 treatment.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
Context RSU awards are a form of compensation that convert into shares only upon vesting; they do not involve an immediate cash purchase or sale and therefore are not a direct bullish/selling signal. The Rule 16b-3 mention signals the award is structured to be exempt from short‑swing profit recovery under insider trading rules.