Sexton John P 4
4 · Cboe Global Markets, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cboe (CBOE) EVP John P. Sexton Receives Award; Shares Withheld
What Happened
John P. Sexton, Executive Vice President, General Counsel and Corporate Secretary of Cboe Global Markets (CBOE), had performance-based restricted stock units (PSUs) vest on February 12, 2026. A total of 9,726 shares were issued to him (acquisition price reported as $0.00). To satisfy tax withholding obligations, 3,782 shares were withheld/disposed at $270.60 per share, generating approximately $1,023,408 in withholding value. The PSUs were originally awarded on February 19, 2023 and vested based on performance for the 2023–2025 period.
Key Details
- Transaction date: February 12, 2026; Form filed February 17, 2026 (filed late).
- Awarded/issued shares: 9,726 shares (reported as $0.00 acquisition price).
- Shares withheld/disposed for taxes: 3,782 shares at $270.60/share ≈ $1,023,408 total.
- Net shares received (issued minus withheld): 5,944 shares (9,726 − 3,782).
- Footnotes: Vesting was performance-based (performance period 1/1/2023–12/31/2025, determined by the Compensation and Human Capital Committee). Dividend equivalent rights were settled and corresponding shares withheld for tax as noted.
- Transaction codes: A = Award/Grant; F = Payment of tax liability (shares withheld).
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Form 4 was filed after the standard two-business-day window for officers (appears late).
Context
This was an award vesting and administrative tax withholding event—not an open-market sale or purchase. Withholding shares to cover taxes on vested equity is a routine corporate practice and does not by itself indicate insider buying or selling for investment reasons.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-12+1,752→ 23,802 total - Tax Payment
Common Stock
[F2]2026-02-12$270.60/sh−539$145,853→ 23,263 total - Award
Common Stock
[F1]2026-02-12+1,752→ 25,015 total - Tax Payment
Common Stock
[F2]2026-02-12$270.60/sh−514$139,088→ 24,501 total - Award
Common Stock
[F1]2026-02-12+2,926→ 27,427 total - Tax Payment
Common Stock
[F2]2026-02-12$270.60/sh−1,268$343,121→ 26,159 total - Award
Common Stock
[F1]2026-02-12+2,926→ 29,085 total - Tax Payment
Common Stock
[F2]2026-02-12$270.60/sh−1,297$350,968→ 27,788 total - Award
Common Stock
[F3]2026-02-12+185→ 27,973 total - Tax Payment
Common Stock
[F4]2026-02-12$270.60/sh−82$22,189→ 27,891 total - Award
Common Stock
[F3]2026-02-12+185→ 28,076 total - Tax Payment
Common Stock
[F4]2026-02-12$270.60/sh−82$22,189→ 27,994 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.