secwatch.observer — SEC 8-K summary
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Issuer:     Intercontinental Exchange, Inc. (ICE)
CIK:        0001571949
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001104659-23-107541
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ICE grants performance-based PSU awards to top executives after Black Knight close
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571949/000110465923107541/0001104659-23-107541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571949/000110465923107541/tm2327936d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-107541

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer