other material
confidence high
sentiment neutral
materiality 0.55
ICE grants performance-based PSU awards to top executives after Black Knight close
Intercontinental Exchange, Inc.
- CEO Sprecher receives 73,374 PSUs, CFO Gardiner 27,515, President Jackson 73,374; others also granted.
- Awards tied to $325M–$370M combined expense and revenue synergies from Black Knight acquisition.
- Performance periods end Dec 31, 2026, 2027, 2028; earned units vest Feb 2027/2028/2029 with one-year holding requirement.
- PSU earnout ranges 0% (below $325M) to 125% (at or above $370M); target $340M.
- Unvested units forfeit on employment termination except in case of death, where vesting accelerates.