Item 5. Other Information.
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Item 5. Other Information.
Securities Trading Plans of Executive Officers and Directors
During the three months ended March 31, 2025, our executive officers and directors adopted or terminated contracts, instructions, or written plans for the purchase or sale of our securities as noted below:
| Name and Title | Date of Adoption of Trading Plan | Scheduled Expiration Date of Trading Plan(1) | Aggregate Number of Securities to Be Purchased or Sold | |||||||||||||||||
| Christopher Isaacson Executive Vice President, Chief Operating Officer | 2/14/2025 (2) | 9/30/2025 | Sale of up to 10,000 shares of common stock | |||||||||||||||||
| Catherine Clay Executive Vice President, Global Head of Derivatives | 2/19/2025 (2) | 5/29/2026 | Sale of up to (i) 2,870 shares of common stock, (ii) 50% of the net shares issued upon the vesting of 4,434 time-based restricted stock units after withholding of shares to cover taxes and (iii) 50% of the net shares issued upon the vesting of 2,836 performance-based restricted stock units after withholding of shares to cover taxes(3) |
(1)The trading plan may also expire on such earlier date as all transactions under the trading plan are completed.
(2)Intended to satisfy the affirmative defense of Rule 10b5-1(c).
(3)Each time-based restricted stock unit or performance-based restricted stock unit represents the right, upon vesting, to receive one share of common stock. The number of performance-based restricted stock units that will vest will vary from 0% to 200% of the target number.
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