Cboe Global Markets Inc
For the period ended May 16, 2024. Filed Apr 4, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 16, 2024 · Filed Apr 4, 2024
Contents
Peer Group and Comparative Data
For 2023 compensation decisions, the Compensation Committee considered competitive market data derived from a 22-company custom peer group and an executive compensation survey published by a third party that solely covered exchange holding companies, financial services firms, and technology-focused companies of similar size to Cboe.
The 22-company custom peer group was composed of exchange holding companies, financial services firms, and technology-focused companies with corporate profiles similar to ours. Based on the then-available fiscal year 2022 data, the Company’s annual revenue fell near the median of the peer group and the market capitalization and number of employees fell below the median of the peer group.
The Compensation Committee used the market data derived from the peer group and the executive compensation survey as points of reference, rather than as the sole determining factor in setting compensation for our NEOs.
| | |
|---|---|
| Peer Group | |
| Akamai Technologies, Inc. | London Stock Exchange Group plc |
| Broadridge Financial Solutions, Inc. | LPL Financial Holdings Inc. |
| Citrix Systems, Inc. | MarketAxess Holdings Inc. |
| CME Group Inc. | MSCI Inc. |
| Deutsche Borse AG | Nasdaq, Inc. |
| Equifax Inc. | SEI Investments Company |
| Euronet Worldwide, Inc. | Stifel Financial Corp. |
| FactSet Research Systems Inc. | Synopsys, Inc. |
| Fortinet, Inc. | TransUnion |
| Intercontinental Exchange, Inc. | Verisk Analytics, Inc. |
| Jack Henry & Associates, Inc. | Virtu Financial, Inc. |
Following the 2023 compensation decisions, the Compensation Committee reviewed the peer group. The Committee reviewed the data provided by Meridian and compared our corporate performance to our peer group in the areas of revenues, gross profit, market capitalization, and number of employees. The Committee also considered business descriptions, complexity of business, and other qualitative factors.
| | |
| 46 | Cboe Global Markets 2024 Proxy Statement |
The Committee approved one change to the peer group, removing Citrix Systems, Inc. because the company was acquired. The change decreased the number of peers from 22 to 21 companies.
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