Foley Stephanie 4

What Happened Stephanie Foley, EVP & CHRO of Cboe Global Markets (CBOE), converted/ exercised derivative awards on Feb 19, 2026 and received common shares, and she was also granted 1,311 restricted stock units (RSUs). She exercised/converted a total of 1,695 shares at $286.17 (gross value ≈ $485,058) and had 644 shares withheld to cover exercise price/taxes (value ≈ $184,294), resulting in a net increase of 1,051 common shares. Separately, she was granted 1,311 RSUs (no immediate cash value).

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-23 (timely filed within the normal Form 4 window).
• Exercise price shown: $286.17 per share for the exercised/conversion transactions.
• Gross value of acquired shares: $485,058 (sum of exercised shares at $286.17).
• Shares withheld for taxes/exercise payment: 644 shares (value ≈ $184,294).
• Net common shares acquired: 1,051 shares (1,695 exercised − 644 withheld).
• Grant received: 1,311 RSUs (restricted stock units); RSUs are a contingent right to one share (see footnote F1).
• Vesting notes (from filing footnotes): RSUs vest in three equal annual installments for various grants (vesting start dates shown in the filing: 2024–2027 per footnotes F2–F5).
• Shares owned after transaction: not reported in the provided data.

Context

• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding; A = award/grant. The F-line dispositions are tax/withholding share retentions (a common, non-market sale method to satisfy tax obligations), so this was a compensation-related settlement rather than an open-market sale.
• For retail investors: this looks like routine executive compensation activity (exercise/settlement of awards and a new RSU grant) rather than an opportunistic buy or sell signaling a change in insider sentiment.