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Jeffrey C. Sprecher

Chair of the Board and Chief Executive Officer at Intercontinental Exchange
Board
Since November 2002
Age
69 years
Education
Holds a Bachelor of Science degree in Chemical Engineering from the University of Wisconsin and a Master of Business Administration from Pepperdine University.
Tenure
Joined ICE in 1997 through the acquisition of CPEX, has served as CEO since the company's inception, and has been Chair of the Board since November 2002.

Also at Intercontinental Exchange

AJS
Andrew J. Surdykowski
General Counsel
AWG
A. Warren Gardiner
Chief Financial Officer
BRJ
Benjamin R. Jackson
President

About

Jeffrey C. Sprecher is the Chair of the Board and Chief Executive Officer of Intercontinental Exchange (ICE), having led the company since its early days. He joined the organization in 1997 through the acquisition of CPEX and has been providing strategic guidance as CEO, later assuming the role of Chair in November 2002.

Before his tenure at ICE, he built his career over a fourteen-year period with Western Power Group, Inc., where he managed the development, ownership, and operation of large central-station power plants, contributing significantly to various financings.

His strong academic background—earning a Bachelor of Science in Chemical Engineering and an MBA—underpins his technical and business expertise, which he has leveraged to drive innovation and strategic growth within the company.

This blend of operational experience and educational credentials has positioned him as a leading figure in the financial and energy sectors, consistently steering ICE toward operational excellence and market leadership.

$ICE Performance Under Jeffrey C. Sprecher

Past Roles

OrganizationRoleDate RangeDetails
Western Power Group, Inc.President (and various positions)14-year tenure (dates not specified)Held significant financings; developer, owner, and operator of large central-station power plants
CPEXAcquirerAcquired in 1997Predecessor company to ICE that was acquired and later became the foundation for ICE

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,250,000 AnnuallyFixed base salary for 2023
401(k) Matching$19,800 As per plan contributionsMatching contributions under the company's 401(k) and Profit-Sharing Plan

Performance Compensation

Data from  FY 2023

1. EBITDA-Based PSUs

Metric [Unit]Value
Grant DateFeb 3, 2023
Grant Date Fair Value$5,949,938
Grant Date Stock Price$107.66
Shares at Target55,266
Performance MetricICE's 2023 EBITDA and TSR vs. S&P 500
Threshold (EBITDA)85% of goal ($3,974M)
Target (EBITDA)100% of goal ($4,676M)
Maximum (EBITDA)113% of goal ($5,284M)
Vesting ScheduleThree equal annual installments starting Feb 2024

2. TSR-Based PSUs

Metric [Unit]Value
Grant DateFeb 3, 2023
Grant Date Fair Value$5,949,938
Grant Date Stock Price$107.66
Shares at Target55,266
Performance MetricICE's TSR vs. S&P 500
Vesting ScheduleThree equal annual installments starting Feb 2024

3. Deal Incentive PSUs

Metric [Unit]Value
Grant DateOct 4, 2023
Grant Date Fair Value$8,000,000
Shares at Target73,374
Performance MetricRevenue and expense synergy targets
Vesting ScheduleVests in three equal installments starting Feb 8, 2028

4. Stock Option Awards

Metric [Unit]Value
Grant DateFeb 3, 2023
Number of Options108,633
Grant Date Fair Value$2,974,980
Grant Date Stock Price$107.66
Exercise Price$107.66
Expiration DateFeb 3, 2033
Vesting ScheduleVest ratably over three years following the grant date

5. Non-Equity Incentive Bonus (Annual Executive Bonus Plan)

Metric [Unit]Value
Target Bonus Percentage250% of base salary (i.e., $3,125,000)
Maximum Bonus200% of target (i.e., $6,250,000)
Actual Payout$3,406,250 (109% of target)
Performance MetricAdjusted Net Income
Payment FormCash
Evaluation PeriodBased on 2023 financial performance

6. Value of Equity Awards Subject to Accelerated Vesting

Metric [Unit]Value
ComponentsEBITDA-Based PSUs, TSR-Based PSUs, Deal Incentive PSUs
EBITDA-Based PSUs Result154.7% of target achieved
Accelerated Vesting Value$42,090,414 on Change in Control
Vesting DetailsEBITDA PSUs: 33.3% each on Feb 12, 2024; Feb 12, 2025; Feb 12, 2026; TSR PSUs: 100% vesting on Feb 3, 2026; Deal Incentive PSUs: Vest over a five-year schedule

Interviews

ICE's Jeff Sprecher discusses data, technology and innovation thumbnail

ICE's Jeff Sprecher discusses data, technology and innovation

FIA
25:17 min
Oct 16, 2023
Watch