8-KLeadership ChangesExhibits & Filings

Cboe Global Markets, Inc. 8-K Report, Executive Changes (Jul 17, 2025)

Filed July 17, 2025For Securities:CBOE

Summary

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report detailing adjustments to the equity incentive awards for two key executives, Chris Isaacson and Patrick Sexton. These adjustments are in recognition of their expanded global leadership roles within the company. The increases in target equity award values are designed to align executive compensation with their increased responsibilities and are structured to incentivize long-term performance and retention. Specifically, Mr. Isaacson's target annual equity incentive award has been increased to $2,625,000, and Mr. Sexton's to $1,310,000. These awards for 2025 include previously granted equity and new special awards, which will be granted on July 15, 2025. The new grants are to be equally split between Restricted Stock Units (RSUs) vesting over three years and Performance Share Units tied to EPS and Total Shareholder Return over a three-year performance period, contingent upon continued employment and achievement of performance goals.

Key Highlights

  • 1Executive compensation adjustments for Chris Isaacson and Patrick Sexton due to expanded global leadership roles.
  • 2Chris Isaacson's target annual equity incentive award increased to $2,625,000.
  • 3Patrick Sexton's target annual equity incentive award increased to $1,310,000.
  • 4New equity awards for 2025 include both Restricted Stock Units (RSUs) and Performance Share Units.
  • 5RSUs will vest in three equal annual installments starting February 19, 2026.
  • 6Performance Share Units are tied to Earnings Per Share (EPS) and Total Shareholder Return, vesting after a 3-year performance period.
  • 7Awards are contingent on continued employment and achievement of pre-determined performance goals.

Frequently Asked Questions

The awards have been increased in recognition of their expanded global leadership roles within Cboe Global Markets, Inc. The company aims to align their compensation with their increased responsibilities and incentivize long-term performance.

For 2025, Chris Isaacson's target annual equity incentive award is $2,625,000, and Patrick Sexton's is $1,310,000.

The new awards, to be granted on July 15, 2025, will be equally split between Restricted Stock Units (RSUs) and Performance Share Units. The RSUs will vest in three equal annual installments starting February 19, 2026. The Performance Share Units are tied to Earnings Per Share and Total Shareholder Return targets over a three-year period and will vest at the conclusion of that period, subject to performance achievement and continued employment.

Yes, both the RSUs and Performance Share Units are subject to Mr. Isaacson's and Mr. Sexton's continuous employment with the Company through their respective vesting and performance period end dates. The Performance Share Units also require the achievement of pre-determined performance goals.