Interactive Brokers CEO's 2019 Compensation Exceeded $8m

The Chief Executive Officer (CEO) of Interactive Brokers, Milan Galik, received annual total compensation of more than $8 million, a regulatory filing with the Securities and Exchange Commission (SEC) has shown.

In particular, on Wednesday, the large Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term provider submitted a proxy statement to the US regulator, which details information on its 2020 Annual Meeting of Stockholders, which will be held on Thursday, April 23, 2020, at 9:30 a.m. Eastern Time.

The proxy statement gives a brief breakdown of the pay executives of the brokerage received for 2019. According to the document, Galik received $8,365,000 in compensation last year - the largest salary received according to the information shown.

Specifically, Galik, who is the CEO, President and Director of Interactive Brokers, received a salary of $465,000. During the year, he was given a bonus of $2.5 million and stock awards worth $5.4 million, the filing showed.

In 2018, Galik received a total compensation of $7,990,000 and in 2017, $7,240,000. Therefore, in 2019, Galik’s compensation increased by around 4.7 percent on a yearly comparison and has grown by approximately 15.5 percent in the past two years.

The second-largest salary received by executives at Interactive Brokers was Paul J. Brody, the Chief Financial Officer (CFO), Treasurer, Secretary and Director. Overall, Brody received $5,185,000 in compensation in 2019.

Breaking this down, his salary was $465,000, and he received a bonus of $2.05 million and stock awards of $2.67 million. His total compensation has increased by 3.9 percent year-on-year, and 9.4 percent since 2017.

Average compensation was $88K for Interactive Brokers

According to the file with the SEC, the median of the annual total compensation of all employees (excluding the CEO and President) was $88,028. Therefore, the compensation earned by the CEO to the median employee was 95 to 1.