ICON Director Murphy Ronan Martin Exercises Options, Sells 5,005 Shares

What Happened

• Murphy Ronan Martin, a director of ICON PLC (ICLR), exercised 5,005 stock options on 2026-09-17 at an exercise price of $125.74 per share, paying $629,329 to acquire the shares. He then sold those 5,005 shares in an open-market transaction the same day at $175.00 per share, generating $875,875 in proceeds. The filing also reports a related derivative conversion line at $0, which is part of the option-exercise reporting (conversion of the derivative instrument into shares).

Key Details

• Transaction date: 2026-09-17; filed with the SEC on 2026-09-18 (timely filing).
• Exercise: 5,005 shares at $125.74 each — total cost $629,329 (code M = option exercise).
• Sale: 5,005 shares at $175.00 each — total proceeds $875,875 (code S = sale).
• Net difference (gross proceeds minus exercise cost): $246,546 (before taxes/fees).
• Shares owned after the transaction: not stated in the provided filing details.
• Footnotes: F1 — options were fully vested. F2 — options referenced were granted May 18, 2018 and include standard expiration/extension terms.
• Regulatory note: ICON is a foreign private issuer; the filing states the reporting person’s transactions are exempt from Sections 16(b) and 16(c) short-swing profit rules.

Context

• This is an exercise followed by an immediate sale (a cashless or same-day sale), common when insiders exercise options to cover the exercise cost, tax withholding, or to monetize gains. Such sales are routine and do not, by themselves, indicate the director’s longer-term view of the company.
• The reporting person is a director (not listed as a 10% owner), and the transaction combines an option exercise (derivative conversion) with an open-market sale.