Icon PLC (ICLR) Director Dr. John Climax Exercises Options, Sells Shares

What Happened
Dr. John Climax, a director of Icon PLC (ICLR), exercised 5,005 stock options on Sept 16, 2026 (exercise price $125.74) for a cash outlay of $629,329 and simultaneously sold the 5,005 shares in the open market at $175.00 per share for total proceeds of $875,875. The related option instruments were surrendered on exercise (recorded as a derivative disposal).

Key Details

• Transaction date: 2026-09-16 (report filed 2026-09-18).
• Exercise: 5,005 shares acquired via option exercise at $125.74/share = $629,329 (code M).
• Sale: 5,005 shares sold in open market at $175.00/share = $875,875 (code S).
• Derivative disposal: 5,005 option units reported disposed at $0.00 (reflects surrender/termination of the exercised options).
• Footnotes: F1 — options were fully vested. F2 — options were granted May 18, 2018 and have expiry/extension provisions per the grant.
• Shares owned after transaction: not disclosed in this filing.
• Filing timeliness: filed two days after the transaction date; appears timely.
• Compliance note: Icon is a foreign private issuer; the filing states these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context
This was an option exercise immediately followed by an open-market sale (a cash exercise with sale). That sequence is commonly used to cover the exercise cost and any taxes and does not necessarily signal a change in the insider’s longer-term view. The Form 4 records both the acquisition of stock upon exercise and the surrender of the derivative option instrument.