Cboe (CBOE) director receives 530-share RSU grant vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodman Jill R reported acquisition or exercise transactions in this Form 4 filing.
Cboe Global Markets, Inc. director Jill R. Goodman received an equity compensation grant in the form of 530 restricted stock units of common stock. The award was granted at no cash cost and increases her direct holdings to 12,448 shares.
Each restricted stock unit represents the right to receive one share of Cboe common stock that will vest on May 14, 2027, provided she remains in continuous service through that date. This is a routine board compensation award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goodman Jill R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 530 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,448 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 530 shares
Price per share: $0.0000 per share
Holdings after transaction: 12,448 shares
+1 more
4 metrics
RSU grant size
530 shares
Restricted stock units of Cboe common stock granted May 14, 2026
Price per share
$0.0000 per share
Equity compensation grant, no cash paid
Holdings after transaction
12,448 shares
Total direct Cboe common stock held by Jill R. Goodman
Vesting date
May 14, 2027
RSU award vests if continuous service condition is met
Key Terms
restricted stock unit, Long-Term Incentive Plan, Rule 16b-3
3 terms
restricted stock unit financial
"Represents a restricted stock unit award granted under the Company's Third Amended and Restated Long-Term Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Long-Term Incentive Plan financial
"award granted under the Company's Third Amended and Restated Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Rule 16b-3 regulatory
"which meets the requirements of Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did Cboe (CBOE) director Jill R. Goodman report?
Jill R. Goodman reported receiving a grant of 530 restricted stock units of Cboe common stock. This award is a form of equity compensation and was not an open-market stock purchase or sale, but a grant under the company’s long-term incentive plan.
What are the vesting terms of Jill R. Goodman’s Cboe restricted stock units?
The 530 restricted stock units will vest on May 14, 2027, if Jill R. Goodman remains in continuous service with Cboe through that date. Each unit then converts into one share of Cboe common stock under the company’s long-term incentive plan.
Is Jill R. Goodman’s Cboe Form 4 transaction a buy or a sale?
The transaction is classified as an acquisition via grant or award, not a market buy or sale. Code “A” on the Form 4 indicates a grant, and the filing notes it is a restricted stock unit award under Cboe’s long-term incentive plan.