Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-16

Intercontinental Exchange (ICE)

CEO Jeffrey Sprecher was paid $22,133,386 in fiscal year 2025, ↑ up 13.4% from fiscal year 2024, the 46th percentile of its disclosed peer group (SEC filing 0001193125-26-134700 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$22,133,386 ↑
Jeffrey Sprecher total, FY2025
46th
CEO pay percentile vs peers
196:1
CEO-to-median pay ratio
92.11%
Say-on-pay support, latest vote

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ICE's next annual pay disclosure, estimated March 31, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeffrey Sprecher$1,395,833$0$16,666,553$0$4,050,000—$21,000$22,133,386
Chair and Chief Executive Officer
Benjamin Jackson800,00005,882,09101,944,000—102,9368,729,027
President, Intercontinental Exchange
Lynn Martin739,58303,641,27601,822,500—21,0006,224,359
President, NYSE Group
Christopher Edmonds729,16703,080,99801,822,500—73,9395,706,604
President, Fixed Income & Data Services
A. Warren Gardiner718,75003,080,99801,822,500—64,7095,686,957
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Jeffrey Sprecher$22,133,386$19,520,589$27,550,872↑ +2,612,797
Benjamin Jackson8,729,0277,599,21714,907,111↑ +1,129,810
Lynn Martin6,224,3595,561,4166,564,718↑ +662,943
Christopher Edmonds5,706,6044,770,669—↑ +935,935
A. Warren Gardiner5,686,9574,382,848—↑ +1,304,109

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against ICE
17 companies name ICE as a compensation peer

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
A. Warren GardinerCFO$5,686,957
Benjamin JacksonPresident$8,729,027
Jeffrey SprecherCEO$22,133,386
Christopher EdmondsEVP$5,706,604
Lynn MartinPresident$6,224,359
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Caroline L. SilverIndependent Director$529,460
Duriya M. FarooquiIndependent Director$504,941
Hon. Sharon Y. BowenIndependent Director$506,191
Judith A. SprieserIndependent Director$584,793
Lord Hill of OarefordDirector$448,173
Mark F. MulhernIndependent Director$434,941
Martha A. TirinnanziIndependent Director$538,325
Shantella E. CooperIndependent Director$369,941
The Right Hon. the Lord Hague of RichmondIndependent Director$528,007
Thomas E. NoonanLead Independent Director$434,941
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Mayur KapaniChief Technology Officer2026-05-14D4,271$0$0Derivative, Class A CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-05-14D1,371156213,512CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-05-14D2,900155450,285CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-05-14A4,27167286,157CommonForm 4 ↗
William Jefferson HagueDirector2026-05-18D5000CommonForm 4 ↗
William Jefferson HagueDirector2026-05-18A1,53800CommonForm 4 ↗
Caroline L. SilverDirector2026-05-18D6400CommonForm 4 ↗
Mark F. MulhernDirector2026-05-18A1,53800CommonForm 4 ↗
Duriya M. FarooquiDirector2026-05-18A1,53800CommonForm 4 ↗
Hon. Sharon Y. BowenDirector2026-05-18A1,53800CommonForm 4 ↗
Jonathan Hopkin HillDirector2026-05-18D2700CommonForm 4 ↗
Thomas E. NoonanDirector2026-05-18A1,53800CommonForm 4 ↗
Jonathan Hopkin HillDirector2026-05-18A1,69800CommonForm 4 ↗
Martha A. TirinnanziDirector2026-05-18A1,69800CommonForm 4 ↗
Shantella E. CooperDirector2026-05-18A1,53800CommonForm 4 ↗
Caroline L. SilverDirector2026-05-18A1,69800CommonForm 4 ↗
Daniel E. PintoDirector2026-05-18A1,53800CommonForm 4 ↗
A. Warren GardinerChief Financial Officer2026-05-19D2,490157390,034CommonForm 4 ↗
Hon. Sharon Y. BowenDirector2026-05-22D667151100,904CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-05-26D2,06500Derivative, Class A CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-05-26D1,965151296,662CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-05-26D2,608152396,411CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-05-26A2,06557118,345CommonForm 4 ↗
William Jefferson HagueDirector2026-06-09D9113912,604CommonForm 4 ↗
William Jefferson HagueDirector2026-06-12D1,333139185,900CommonForm 4 ↗
Lynn MartinPresident, NYSE Group2026-07-16D3,000140419,237CommonForm 4 ↗
Lynn MartinPresident, NYSE Group2026-07-16D15,88200Derivative, Class A CommonForm 4 ↗
Lynn MartinPresident, NYSE Group2026-07-16D9,4821421,343,125CommonForm 4 ↗
Lynn MartinPresident, NYSE Group2026-07-16D20014228,460CommonForm 4 ↗
Lynn MartinPresident, NYSE Group2026-07-16A15,88257910,197CommonForm 4 ↗
Lynn MartinPresident, NYSE Group2026-07-16D3,200141450,892CommonForm 4 ↗
Douglas FoleySVP, HR & Administration2026-08-05D7,3001491,086,788CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12A3,02857173,535CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12D40015059,931CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12A4,27167286,157CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12D4,27100Derivative, Class A CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12D3,02800Derivative, Class A CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12D10015215,178CommonForm 4 ↗
Mayur KapaniChief Technology Officer2026-08-12D3,771151570,653CommonForm 4 ↗
Martha A. TirinnanziDirector2026-08-13D14115521,855CommonForm 4 ↗
A. Warren GardinerChief Financial Officer2026-08-19D2,491156389,343CommonForm 4 ↗
Douglas FoleySVP, HR & Administration2026-08-20D1,600160256,000CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-08-26D2,06500Derivative, Class A CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-08-26D3,974162642,491CommonForm 4 ↗
Martha A. TirinnanziDirector2026-08-26D1,340161215,954CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-08-26A2,06557118,345CommonForm 4 ↗
Andrew J. SurdykowskiGeneral Counsel2026-08-26D60016297,430CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01D5,020160801,611CommonForm 4 ↗
Christopher EdmondsPresident, Fixed Income & Data2026-09-01D5,00000Derivative, Class A CommonForm 4 ↗
Christopher EdmondsPresident, Fixed Income & Data2026-09-01D5,000161802,950CommonForm 4 ↗
Christopher EdmondsPresident, Fixed Income & Data2026-09-01A5,00057286,550CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01A6,43157368,561CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01D6,43100Derivative, Class A CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01D6,43100Derivative, Class A CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01D1,600161257,682CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01D6,242160999,771CommonForm 4 ↗
Benjamin JacksonPresident2026-09-01A6,43157368,561CommonForm 4 ↗
Douglas FoleySVP, HR & Administration2026-09-14D1,600160256,000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey SprecherPSU2025-02-1017,80135,603—71,206$5,949,973
Christopher EdmondsPSU2025-02-103,2916,582—13,1641,099,984
Lynn MartinPSU2025-02-102,9175,834—11,6681,366,439
Christopher EdmondsPSU2025-02-102,4684,936—9,8721,156,110
Jeffrey SprecherRSU2025-02-10——26,702—4,462,438
A. Warren GardinerPSU2025-02-102,4684,936—9,8721,156,110
Benjamin JacksonPSU2025-02-106,28212,565—25,1302,099,863
A. Warren GardinerRSU2025-02-10——4,936—824,904
Jeffrey SprecherPSU2025-02-1013,35126,702—53,4046,254,142
Christopher EdmondsRSU2025-02-10——4,936—824,904
A. Warren GardinerPSU2025-02-103,2916,582—13,1641,099,984
Lynn MartinPSU2025-02-103,8897,778—15,5561,299,859
Benjamin JacksonRSU2025-02-10——9,424—1,574,939
Lynn MartinRSU2025-02-10——5,834—974,978
Benjamin JacksonPSU2025-02-104,7129,424—18,8482,207,289
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Sprecher$4,462,438$12,204,115$073.2%
Christopher Edmonds824,9042,256,094073.2%
Lynn Martin974,9782,666,298073.2%
A. Warren Gardiner824,9042,256,094073.2%
Benjamin Jackson1,574,9394,307,152073.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jeffrey SprecherPSU73,374—$11,883,653
Jeffrey SprecherPSU35,603—5,766,262
Christopher EdmondsRSU16,014—2,635,429
A. Warren GardinerPSU6,582—1,066,021
Christopher EdmondsRSU10,691—1,236,444
Lynn MartinOption19,513129.76—
Christopher EdmondsPSU4,795—776,598
Jeffrey SprecherPSU26,702—4,324,656
Lynn MartinPSU13,757—2,228,084
Benjamin JacksonPSU12,565—2,035,027
Jeffrey SprecherRSU203,206—24,454,050
Jeffrey SprecherPSU28,528—4,620,395
Jeffrey SprecherOption94,699114.19—
Benjamin JacksonOption25,72357.31—
Lynn MartinOption19,41776.16—
Lynn MartinOption15,88257.31—
Benjamin JacksonOption10,955107.66—
Christopher EdmondsOption11,011114.19—
Benjamin JacksonOption17,748135.46—
Lynn MartinOption6,695107.66—
Lynn MartinOption11,536135.46—
Christopher EdmondsOption4,549107.66—
Christopher EdmondsPSU6,582—1,066,021
Lynn MartinPSU5,834—944,875
Lynn MartinPSU7,197—1,165,626
Benjamin JacksonPSU9,424—1,526,311
Benjamin JacksonOption34,28576.16—
Jeffrey SprecherOption129,10592.63—
Jeffrey SprecherRSU101,987—16,707,978
Jeffrey SprecherPSU28,499—4,615,698
Lynn MartinPSU17,165—2,779,972
Lynn MartinOption21,45967—
Christopher EdmondsPSU5,536—896,611
A. Warren GardinerPSU4,983—807,047
Christopher EdmondsOption5,00057.31—
Jeffrey SprecherOption139,15876.16—
A. Warren GardinerPSU27,515—4,456,329
Jeffrey SprecherPSU92,847—15,037,481
Jeffrey SprecherOption152,29967—
Benjamin JacksonPSU73,374—11,883,653
Jeffrey SprecherPSU32,943—5,335,448
Benjamin JacksonRSU31,181—5,109,925
Benjamin JacksonPSU28,088—4,549,120
Christopher EdmondsPSU27,515—4,456,329
Jeffrey SprecherOption88,699129.76—
Benjamin JacksonOption37,84967—
Jeffrey SprecherPSU21,962—3,556,966
Lynn MartinRSU21,414—3,504,962
Benjamin JacksonOption33,02692.63—
Christopher EdmondsPSU14,043—2,274,424
Jeffrey SprecherOption36,211107.66—
A. Warren GardinerRSU11,431—1,876,354
Benjamin JacksonPSU11,073—1,793,383
A. Warren GardinerPSU10,922—1,768,875
Lynn MartinOption24,01992.63—
Benjamin JacksonOption33,034114.19—
Benjamin JacksonPSU9,589—1,553,034
Lynn MartinPSU7,778—1,259,725
Jeffrey SprecherOption52,802135.46—
Benjamin JacksonPSU8,622—1,396,419
Christopher EdmondsOption12,00992.63—
A. Warren GardinerPSU3,353—543,052
Lynn MartinRSU11,493—1,348,626
Benjamin JacksonPSU7,382—1,195,589
Lynn MartinOption24,225114.19—
Lynn MartinPSU6,235—1,009,821
Christopher EdmondsOption11,63176.16—
Benjamin JacksonRSU8,633—954,161
Benjamin JacksonOption26,609129.76—
Lynn MartinPSU5,269—853,367
A. Warren GardinerPSU4,936—799,435
Christopher EdmondsPSU4,936—799,435
Lynn MartinPSU4,798—777,084
A. Warren GardinerPSU4,315—698,857
Christopher EdmondsPSU3,691—597,794
Christopher EdmondsPSU4,312—698,372
Christopher EdmondsOption5,69267—
A. Warren GardinerPSU3,322—538,031
Christopher EdmondsOption8,136135.46—
Christopher EdmondsOption12,417129.76—
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation philosophy is to link compensation with individual achievement, the Company's performance, and stockholder value creation. This philosophy manifests itself in the following four primary objectives: attract, retain and reward executive officers capable of achieving our business objectives; offer competitive compensation opportunities that reward individual contribution and Company performance; align the interests of executive officers and stockholders over the long-term; and provide total compensation that is commensurate with the performance achieved and value created for stockholders.

CEO STI target (% of salary)250%
CEO LTI target (% of salary)—
Independent consultantCompensation Advisory Partners (CAP)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-15444,677,15235,549,5652,566,81292.11%Passed
20252025-05-16457,032,00927,860,5564,119,15393.46%Passed
20242024-05-17392,378,229102,241,3961,427,38179.33%Passed
20232023-05-19425,215,19650,882,6041,576,94989.31%Passed
20222022-05-13419,672,12857,217,6011,015,62687.81%Passed
20212021-05-14422,711,91048,136,3123,392,18189.78%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1592.11%a
20252025-05-1693.46%b
20242024-05-1779.33%c

a. Approved under the standard stated in the filing — “An abstention from voting on this matter will have the same effect as a vote "against" this matter.”.

b. Approved under the standard stated in the filing — “An abstention from voting on this matter will have the same effect as a vote "against" this matter.”.

c. Approved under the standard stated in the filing — “However, since an abstention is not treated as a vote "for" or "against" the election of any nominee, it will have no effect on the outcome of the vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)196 : 1
CEO total compensation$22,133,386
Median employee compensation$112,902
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Judith A. SprieserIndependent · Audit (Chair) · Nominating & Corporate Governance · Not standing for re-election$145,000$259,793$0$0$180,000$584,793
Martha A. TirinnanziIndependent · Audit115,000259,79300163,532538,325
Caroline L. SilverIndependent · Risk110,000259,79300159,667529,460
The Right Hon. the Lord Hague of RichmondIndependent · Nominating & Corporate Governance · Compensation120,000259,79300148,214528,007
Hon. Sharon Y. BowenIndependent · Risk110,000234,94100161,250506,191
Duriya M. FarooquiIndependent · Audit115,000234,94100155,000504,941
Lord Hill of OarefordNot independent · Newly elected28,533244,80600174,834448,173
Mark F. MulhernIndependent · Audit · Compensation (Chair)145,000234,9410055,000434,941
Thomas E. NoonanIndependent · Lead Independent Director · Nominating & Corporate Governance (Chair) · Risk200,000234,94100—434,941
Shantella E. CooperIndependent · Risk (Chair) · Compensation135,000234,94100—369,941
Jeffrey C. SprecherEmployee director · Board Chair000—00
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 35,000 / 35,000
Stock ownership guidelinerequires the following level of ownership (expressed as a multiple of base salary for executives and a multiple of annual cash retainer for directors)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,223,533
Equity awards (grant-date value)$2,458,683
All other compensation$1,197,497
Total cost of the board$4,879,713

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Intercontinental Exchange names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Intercontinental Exchange.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fiserv2025Michael Lyons$1,214,236$55,881,279$0$0$70,341,992
2CoStar Group2025Andrew Florance1,000,00028,318,4003,425,3823,000,00036,431,936
3Mastercard2025Michael Miebach1,375,00020,711,4564,950,0097,957,95035,422,518
4MSCI Inc.2025Henry A. Fernandez1,000,0004,380,02425,220,3041,346,95033,320,590
5Nasdaq Inc.2025Adena Friedman1,359,61617,491,32106,086,50925,014,550
6CME Group2025Terrence Duffy2,000,00013,319,86007,128,83123,394,854
7Fidelity National Information Services2025Stephanie Ferris1,250,00018,741,36702,812,50022,928,412
8Intercontinental Exchange2025Jeffrey Sprecher1,395,83316,666,55304,050,00022,133,386
9Global Payments Inc.2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
10State Street Corp.2025Ronald O'Hanley1,200,00012,764,92405,399,37519,529,070
11Charles Schwab Corporation2025Richard Wurster1,248,4687,612,5535,075,0194,727,41618,755,222
12Moody's Corp.2025Robert Fauber1,100,00011,359,9032,840,0802,226,00018,082,565
13S&P Global Inc.2025Martina Cheung1,000,0008,978,04102,445,30012,831,062
14Northern Trust Corp.2025Michael O'Grady1,000,0006,150,11102,730,00010,059,154
—London Stock Exchange Group——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Intercontinental Exchange108%PSU 70 · RSU 30Yes — Company 3-Year TSR relative to S&P 500 3-Year TSRCompensation Advisory Partners (CAP)
Charles Schwab Corporation116.5%PSU 60 · Options 40NoSemler Brossy Consulting Group LLC
CME Groupnot disclosedPSU 50 · RSU 50Yes — TSR relative to the S&P 500Meridian Compensation Partners, LLC
CoStar Group200%RSU 45 · PSU 40 · Options 15NoWillis Towers Watson
Fidelity National Information Services100%PSU 50 · RSU 50Yes — Relative TSR vs S&P 500Meridian
Fiservnot disclosedPSU 60 · RSU 40NoPay Governance, LLC
Global Payments Inc.138.3%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
London Stock Exchange Groupnot disclosednot disclosednot disclosednot disclosed
Mastercard227%PSU 60 · RSU 20 · Options 20NoFW Cook
Moody's Corp.101%PSU 60 · RSU 20 · Options 20NoMeridian
MSCI Inc.96.21%not disclosedYes — Absolute TSR CAGRSemler Brossy
Nasdaq Inc.149%not disclosedYes — TSR relative to S&P 500 companiesExequity
Northern Trust Corp.not disclosedPSU 65 · RSU 35NoMeridian Compensation Partners, LLC
S&P Global Inc.108.68%PSU 70 · RSU 30NoPay Governance
State Street Corp.not disclosedPRSU 62 · DSA 38NoMeridian Compensation Partners

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Intercontinental Exchange in fiscal 2025?
As disclosed, Jeffrey Sprecher (Chair and Chief Executive Officer) was the highest-paid executive at Intercontinental Exchange in fiscal 2025, with total compensation of $22,133,386.
How does Intercontinental Exchange's chief executive pay compare to its disclosed peer group?
As disclosed, Jeffrey Sprecher's total compensation ranked at the 46th percentile of Intercontinental Exchange's disclosed peer group.
What is Intercontinental Exchange's CEO-to-median employee pay ratio?
As disclosed, Intercontinental Exchange's CEO-to-median employee pay ratio was 196:1.
How did shareholders vote on Intercontinental Exchange's executive compensation?
As disclosed, 92.11% of shareholders supported Intercontinental Exchange's executive compensation in the latest say-on-pay vote.
How much does Intercontinental Exchange spend in total on board compensation for fiscal 2025?
As disclosed, Intercontinental Exchange reported total board compensation of $4,879,713 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jeffrey SprecherDEF 14A2026-03-310001193125-26-134700Section “2025 Summary Compensation Table” · page 41. As printed: 22,133,386. Filing ↗machine: t89 · r5 · c16 · span 1344962–1344972
2Section 01, Benjamin JacksonDEF 14A2026-03-310001193125-26-134700Section “2025 Summary Compensation Table” · page 41. As printed: 8,729,027. Filing ↗machine: t89 · r15 · c16 · span 1413139–1413148
3Section 01, Lynn MartinDEF 14A2026-03-310001193125-26-134700Section “2025 Summary Compensation Table” · page 41. As printed: 6,224,359. Filing ↗machine: t89 · r20 · c16 · span 1447228–1447237
4Section 01, Christopher EdmondsDEF 14A2026-03-310001193125-26-134700Section “2025 Summary Compensation Table” · page 41. As printed: 5,706,604. Filing ↗machine: t89 · r25 · c16 · span 1481306–1481315
5Section 01, A. Warren GardinerDEF 14A2026-03-310001193125-26-134700Section “2025 Summary Compensation Table” · page 41. As printed: 5,686,957. Filing ↗machine: t89 · r10 · c16 · span 1379061–1379070
6Section 03, Jeffrey Sprecher PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r5 · c4 · span 1167903–1167909
7Section 03, Christopher Edmonds PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r17 · c4 · span 1204302–1204307
8Section 03, Lynn Martin PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r14 · c2 · span 1194412–1194417
9Section 03, Christopher Edmonds PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r17 · c2 · span 1203527–1203532
10Section 03, Jeffrey Sprecher RSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r5 · c2 · span 1167127–1167133
11Section 03, A. Warren Gardiner PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r8 · c2 · span 1176221–1176226
12Section 03, Benjamin Jackson PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r11 · c4 · span 1186101–1186107
13Section 03, A. Warren Gardiner RSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r8 · c2 · span 1176221–1176226
14Section 03, Jeffrey Sprecher PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r5 · c2 · span 1167127–1167133
15Section 03, Christopher Edmonds RSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r17 · c2 · span 1203527–1203532
16Section 03, A. Warren Gardiner PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r8 · c4 · span 1176996–1177001
17Section 03, Lynn Martin PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r14 · c4 · span 1195187–1195192
18Section 03, Benjamin Jackson RSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r11 · c2 · span 1185326–1185331
19Section 03, Lynn Martin RSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r14 · c2 · span 1194412–1194417
20Section 03, Benjamin Jackson PSUDEF 14A2026-03-310001193125-26-134700Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r11 · c2 · span 1185326–1185331
21Section 07, pay ratioDEF 14A2026-03-310001193125-26-134700Section “CEO Pay Ratio”. As printed: 196 : 1. Filing ↗machine: span 2953057–2953060
22Section 08, Judith A. SprieserDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 584,793. Filing ↗machine: t109 · r12 · c8 · span 2875719–2875968
23Section 08, Martha A. TirinnanziDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 538,325. Filing ↗machine: t109 · r13 · c8 · span 2879705–2879954
24Section 08, Caroline L. SilverDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 529,460. Filing ↗machine: t109 · r11 · c8 · span 2871735–2871984
25Section 08, The Right Hon. the Lord Hague of RichmondDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 528,007. Filing ↗machine: r7 · c8 · span 2855809–2856058
26Section 08, Hon. Sharon Y. BowenDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 506,191. Filing ↗machine: t109 · r4 · c8 · span 2843858–2844107
27Section 08, Duriya M. FarooquiDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 504,941. Filing ↗machine: t109 · r6 · c8 · span 2851821–2852070
28Section 08, Lord Hill of OarefordDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 448,173. Filing ↗machine: t109 · r8 · c8 · span 2859795–2860044
29Section 08, Mark F. MulhernDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 434,941. Filing ↗machine: t109 · r9 · c8 · span 2863775–2864024
30Section 08, Thomas E. NoonanDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 434,941. Filing ↗machine: t109 · r10 · c8 · span 2867751–2868000
31Section 08, Shantella E. CooperDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 369,941. Filing ↗machine: t109 · r5 · c8 · span 2847837–2848086
32Section 08, Jeffrey C. SprecherDEF 14A2026-03-310001193125-26-134700Section “Director Compensation”. As printed: 0. Filing ↗
33Section 02, Mayur Kapani 2026-05-14Form 42026-05-180001193125-26-228986Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Mayur Kapani 2026-05-14Form 42026-05-180001193125-26-228986Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Mayur Kapani 2026-05-14Form 42026-05-180001193125-26-228986Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Mayur Kapani 2026-05-14Form 42026-05-180001193125-26-228986Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, William Jefferson Hague 2026-05-18Form 42026-05-200001193125-26-232701Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, William Jefferson Hague 2026-05-18Form 42026-05-200001193125-26-232701Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Caroline L. Silver 2026-05-18Form 42026-05-200001193125-26-232691Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Mark F. Mulhern 2026-05-18Form 42026-05-200001193125-26-232698Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Duriya M. Farooqui 2026-05-18Form 42026-05-200001193125-26-232703Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Hon. Sharon Y. Bowen 2026-05-18Form 42026-05-200001193125-26-232680Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jonathan Hopkin Hill 2026-05-18Form 42026-05-200001193125-26-232679Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Thomas E. Noonan 2026-05-18Form 42026-05-200001193125-26-232685Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Jonathan Hopkin Hill 2026-05-18Form 42026-05-200001193125-26-232679Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Martha A. Tirinnanzi 2026-05-18Form 42026-05-200001193125-26-232689Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Shantella E. Cooper 2026-05-18Form 42026-05-200001193125-26-232682Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Caroline L. Silver 2026-05-18Form 42026-05-200001193125-26-232691Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Daniel E. Pinto 2026-05-18Form 42026-05-200001193125-26-232693Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, A. Warren Gardiner 2026-05-19Form 42026-05-200001193125-26-232700Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Hon. Sharon Y. Bowen 2026-05-22Form 42026-05-270001193125-26-241982Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Andrew J. Surdykowski 2026-05-26Form 42026-05-280001193125-26-245320Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Andrew J. Surdykowski 2026-05-26Form 42026-05-280001193125-26-245320Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Andrew J. Surdykowski 2026-05-26Form 42026-05-280001193125-26-245320Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Andrew J. Surdykowski 2026-05-26Form 42026-05-280001193125-26-245320Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, William Jefferson Hague 2026-06-09Form 42026-06-110001193125-26-267913Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, William Jefferson Hague 2026-06-12Form 42026-06-160001193125-26-272681Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Lynn Martin 2026-07-16Form 42026-07-200001193125-26-308983Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Lynn Martin 2026-07-16Form 42026-07-200001193125-26-308983Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Lynn Martin 2026-07-16Form 42026-07-200001193125-26-308983Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Lynn Martin 2026-07-16Form 42026-07-200001193125-26-308983Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Lynn Martin 2026-07-16Form 42026-07-200001193125-26-308983Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Lynn Martin 2026-07-16Form 42026-07-200001193125-26-308983Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Douglas Foley 2026-08-05Form 42026-08-070001193125-26-340345Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Mayur Kapani 2026-08-12Form 42026-08-140001193125-26-352393Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Martha A. Tirinnanzi 2026-08-13Form 42026-08-170001193125-26-354149Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, A. Warren Gardiner 2026-08-19Form 42026-08-210001193125-26-361178Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Douglas Foley 2026-08-20Form 42026-08-240001193125-26-363664Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Andrew J. Surdykowski 2026-08-26Form 42026-08-280001193125-26-374604Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Andrew J. Surdykowski 2026-08-26Form 42026-08-280001193125-26-374604Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Martha A. Tirinnanzi 2026-08-26Form 42026-08-280001193125-26-374606Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Andrew J. Surdykowski 2026-08-26Form 42026-08-280001193125-26-374604Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Andrew J. Surdykowski 2026-08-26Form 42026-08-280001193125-26-374604Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Christopher Edmonds 2026-09-01Form 42026-09-030001193125-26-381962Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Christopher Edmonds 2026-09-01Form 42026-09-030001193125-26-381962Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Christopher Edmonds 2026-09-01Form 42026-09-030001193125-26-381962Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Benjamin Jackson 2026-09-01Form 42026-09-030001193125-26-381954Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Douglas Foley 2026-09-14Form 42026-09-160001193125-26-393127Insider equity transaction reported since the proxy statement. Filing ↗
91Section 06, 2026 voteForm 8-K2026-05-190001104659-26-063863Item 5.07 · say-on-pay result. As reported: 92.11% (votes for as printed: 444,677,152). Filing ↗
92Section 06, 2025 voteForm 8-K2025-05-210001104659-25-051631Item 5.07 · say-on-pay result. As reported: 93.46% (votes for as printed: 457,032,009). Filing ↗
93Section 06, 2024 voteForm 8-K2024-05-210001104659-24-063868Item 5.07 · say-on-pay result. As reported: 79.33% (votes for as printed: 392,378,229). Filing ↗
94Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
95Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
96Section 09b board cost (computed)Computed——Cash 1,223,533 + equity 2,458,683 + all other 1,197,497 = 4,879,713, summed across the director compensation table rows.machine: formula: Σ = 4,879,713
97Fiserv, Section 10b CEO totalDEF 14A2026-04-020001140361-26-013003CEO total compensation as printed in Fiserv's own proxy. As printed: 70,341,992. Filing ↗machine: t198 · r2 · c22 · span 1028715–1028725
98CoStar Group, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197205CEO total compensation as printed in CoStar Group's own proxy. As printed: 36,431,936. Filing ↗machine: t304 · r4 · c34 · span 1267602–1267613
99Mastercard, Section 10b CEO totalDEF 14A2026-04-270001141391-26-000021CEO total compensation as printed in Mastercard's own proxy. As printed: 35,422,518. Filing ↗machine: r3 · c54 · span 1446723–1446733
100MSCI Inc., Section 10b CEO totalDEF 14A2026-03-110001408198-26-000023CEO total compensation as printed in MSCI Inc.'s own proxy. As printed: 33,320,590. Filing ↗machine: r2 · c24 · span 1659848–1659858
101Nasdaq Inc., Section 10b CEO totalDEF 14A2026-04-240001628280-26-027245CEO total compensation as printed in Nasdaq Inc.'s own proxy. As printed: 25,014,550. Filing ↗machine: r3 · c7 · span 2441886–2441897
102CME Group, Section 10b CEO totalDEF 14A2026-03-230001628280-26-020500CEO total compensation as printed in CME Group's own proxy. As printed: 23,394,854. Filing ↗machine: span 1417602–1417612
103Fidelity National Information Services, Section 10b CEO totalDEF 14A2026-04-280001136893-26-000026CEO total compensation as printed in Fidelity National Information Services's own proxy. As printed: 22,928,412. Filing ↗machine: r2 · c8 · span 2228542–2228552
104Intercontinental Exchange (subject), Section 10b CEO totalDEF 14A2026-03-310001193125-26-134700CEO total compensation as printed in Intercontinental Exchange's own proxy. As printed: 22,133,386. Filing ↗machine: t89 · r5 · c16 · span 1344962–1344972
105Global Payments Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029453CEO total compensation as printed in Global Payments Inc.'s own proxy. As printed: 20,307,392. Filing ↗
106State Street Corp., Section 10b CEO totalDEF 14A2026-04-080001140361-26-013817CEO total compensation as printed in State Street Corp.'s own proxy. As printed: 19,529,070. Filing ↗machine: r2 · c25 · span 1621757–1621768
107Charles Schwab Corporation, Section 10b CEO totalDEF 14A2026-04-060001193125-26-142826CEO total compensation as printed in Charles Schwab Corporation's own proxy. As printed: 18,755,222. Filing ↗machine: span 943741–943751
108Moody's Corp., Section 10b CEO totalDEF 14A2026-03-040001059556-26-000019CEO total compensation as printed in Moody's Corp.'s own proxy. As printed: 18,082,565. Filing ↗machine: r3 · c45 · span 978840–978850
109S&P Global Inc., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037380CEO total compensation as printed in S&P Global Inc.'s own proxy. As printed: 12,831,062. Filing ↗machine: span 1311049–1311059
110Northern Trust Corp., Section 10b CEO totalDEF 14A2026-03-110000073124-26-000022CEO total compensation as printed in Northern Trust Corp.'s own proxy. As printed: 10,059,154. Filing ↗machine: r3 · c36 · span 1256395–1256406
111Section 10a, MSCI Inc. reciprocityDEF 14A—0001408198-26-000023MSCI Inc. names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗
112Section 10a, Fiserv reciprocityDEF 14A—0001140361-26-013003Fiserv's most recent proxy was read; its disclosed peer group does not include Intercontinental Exchange. Filing ↗
113Section 10a, CoStar Group reciprocityDEF 14A—0001193125-26-197205CoStar Group's most recent proxy was read; its disclosed peer group does not include Intercontinental Exchange. Filing ↗
114Section 10a, Fidelity National Information Services reciprocityDEF 14A—0001136893-26-000026Fidelity National Information Services names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗
115Section 10a, Charles Schwab Corporation reciprocityDEF 14A—0001193125-26-142826Charles Schwab Corporation's most recent proxy was read; its disclosed peer group does not include Intercontinental Exchange. Filing ↗
116Section 10a, CME Group reciprocityDEF 14A—0001628280-26-020500CME Group names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗
117Section 10a, Global Payments Inc. reciprocityDEF 14A—0001104659-25-023451Global Payments Inc. names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗
118Section 10a, Mastercard reciprocityDEF 14A—0001141391-26-000021Mastercard's most recent proxy was read; its disclosed peer group does not include Intercontinental Exchange. Filing ↗
119Section 10a, Moody's Corp. reciprocityDEF 14A—0001059556-26-000019Moody's Corp. names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗
120Section 10a, Nasdaq Inc. reciprocityDEF 14A—0001628280-26-027245Nasdaq Inc. names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗
121Section 10a, Northern Trust Corp. reciprocityDEF 14A—0000073124-26-000022Northern Trust Corp.'s most recent proxy was read; its disclosed peer group does not include Intercontinental Exchange. Filing ↗
122Section 10a, S&P Global Inc. reciprocityDEF 14A—0001104659-26-037380S&P Global Inc. names Intercontinental Exchange in its own disclosed peer group (read from its most recent proxy). Filing ↗

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