Cboe Global Markets, Inc.·4

Feb 17, 5:31 PM ET

Foley Stephanie 4

Research Summary

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Cboe (CBOE) EVP/CHRO Stephanie Foley Receives PSU Award; Shares Withheld

What Happened

  • Stephanie Foley, EVP and Chief Human Resources Officer at Cboe Global Markets, had performance-based restricted stock units (PSUs) vest on Feb 12, 2026. A total of 264 shares were issued to her at $0.00 (award/issuance).
  • To cover tax withholding related to the vesting and associated dividend-equivalent settlement, 114 shares were withheld/disposed at $270.60 per share, totaling approximately $30,848. Net increase to her holdings from these transactions was 150 shares (264 issued − 114 withheld).

Key Details

  • Transaction date: February 12, 2026. Filing date: February 17, 2026 (filed one business day late for a Form 4 reporting deadline).
  • Prices recorded: awards issued at $0.00 (non‑cash award); withheld shares recorded at $270.60/share.
  • Shares acquired: 264 (PSU vesting). Shares disposed/withheld: 114 (tax withholding). Net change: +150 shares.
  • Footnotes:
    • F1: Vesting of PSUs awarded Nov 19, 2023; payout based on performance for 2023–2025 as certified Feb 12, 2026.
    • F2: Shares withheld to satisfy tax withholding on PSU vesting.
    • F3: Settlement of dividend equivalent rights tied to the vested PSUs.
    • F4: Shares withheld to satisfy taxes on the settled dividend equivalents.
  • Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

  • This was a vesting/settlement event (award + tax-withholding), not an open-market sale or purchase. Withholding of shares to cover taxes is a routine administrative action and does not necessarily signal a personal decision to sell shares for investment reasons.
  • Transaction codes: A = award/grant (PSU issuance); F = shares withheld/disposed to satisfy tax obligations (cashless withholding).