Cboe Global Markets Inc

As required by SEC rules, the following information provides a summary of the relationship between

compensation actually paid (determined in accordance with SEC rules) to our principal executive officer ("PEO")

and average compensation actually paid to our non-PEO NEOs (the "Other NEOs") and certain financial

performance of the Company, as required by SEC rules. This information is a reasonable estimate calculated in

a manner consistent with such SEC rules and there can be no assurances that some of the amounts reported

will ever be realized. For information concerning the Company's variable pay-for-performance philosophy and

how the Company aligns executive compensation with the Company's performance, refer to "Executive

Compensation—Compensation Discussion and Analysis".

(1)The dollar amounts reported in this column are the amounts of total compensation reported for Messrs.

Tomczyk or Tilly in connection with their service as PEO of the Company during each corresponding year,

as applicable, in the "Total" column of the SCT. Refer to "Executive Compensation—Summary

Compensation—Summary Compensation Table".

(2)The dollar amounts reported in this column represent the amount of "compensation actually paid" to

Messrs. Tomczyk or Tilly, respectively, for the years during which they served as PEO. In accordance with

SEC rules, the following adjustments were made to Mr. Tomczyk's total compensation as reported in the

2024 SCT to determine his 2024 compensation actually paid.

(1)The assumptions used to calculate the values for each RSU award included in the calculation of

"compensation actually paid" did not differ materially from those used to calculate the grant date fair

value for such awards.

(3)The dollar amounts reported in this column represent the average of the amounts reported for the

Company's Other NEOs as a group in the "Total" column of the SCT in each applicable year. The Other

NEOs in each applicable year are as follows: (i) for 2024, Messrs. Howson, Isaacson, and Sexton and Ms.

Griebenow; (ii) for 2023, Messrs. Schell, Howson, and Isaacson, Ms. Griebenow, and Catherine Clay; (ii) for

2022, Messrs. Schell, Howson, Isaacson, and Sexton; (iii) for 2021, Messrs. Schell, Howson, Isaacson, and

Sexton; and (iv) for 2020, Messrs. Schell, Howson and Isaacson, and Bryan Harkins.

(4)The dollar amounts reported in this column represent the average amount of "compensation actually paid"

to the Other NEOs as a group. In accordance with SEC rules, the following adjustments were made to

average total compensation for the Other NEOs as a group for 2024 to determine the compensation

actually paid. Numbers may not foot due to rounding.

(1)The assumptions used to calculate the values for each RSU and PSU award included in the calculation

of "compensation actually paid" did not differ materially from those used to calculate the grant date fair

value for such awards. For each PSU-TSR, we used a Monte Carlo model and made appropriate

adjustments to the grant date assumptions to reflect changes in the stock price volatility, actual relative

TSR and stock price performance, and risk-free interest rates as of the relevant measurement date. For

each PSU-EPS, we based the valuation on the probable outcome of earnings per share during the

awards' performance periods as of the last day of the fiscal year.

(2)The dollar amounts reported in this row include dividend equivalent units awarded from the

reinvestment of dividend equivalents on PSUs. The dividend equivalent units are subject to the same

terms regarding vesting, forfeiture, and distribution as the applicable PSUs.

(5)The cumulative TSR amounts reported in this column are calculated by dividing the sum of the cumulative

amount of dividends for the measurement period, assuming dividend reinvestment, and the difference

between the Company's share price at the end and the beginning of the measurement period by the

Company's share price at the beginning of the measurement period (here, December 31, 2019).

(6)The cumulative peer group TSR amounts reported in this column represent the weighted peer group TSR,

weighted according to the respective companies' stock market capitalization at the beginning of each period

for which a return is indicated. The peer group used for this purpose is the customized peer group included

in our Annual Report on Form 10-K that includes CME Group Inc., Intercontinental Exchange Inc., and

Nasdaq, Inc.

(7)The dollar amounts reported in this column represent the amount of net income reflected in the Company's

audited financial statements for the applicable year.

(8)The dollar amounts reported in this column represent adjusted EBITDA, which is a non-GAAP measure

used by the Company and reconciliations to GAAP measures are provided in Appendix A. While the

Company uses numerous financial and nonfinancial performance measures for the purpose of evaluating

performance for the Company's compensation programs, the Company has determined that adjusted

EBITDA is the financial performance measure that, in the Company's reasonable assessment, represents

the most important performance measure (that is not otherwise required to be disclosed in the table) used

by the Company to link compensation actually paid to the Company's NEOs, for the most recently

completed fiscal year, to company performance.

Financial Performance Measures

As described in greater detail in "Executive Compensation—Compensation Discussion and Analysis", the

Company's executive compensation program reflects a variable pay-for performance philosophy. The most

important financial performance measures used by the Company, listed in alphabetical order, to link

compensation actually paid to the Company's NEOs, for the most recently completed fiscal year, to the

Company's performance were as follows:

Financial Performance Measures

Adjusted EBITDA

Net Revenue

3-Year Cumulative Adjusted Diluted EPS

3-Year Relative TSR Compared to S&P 500

Analysis of the Information Presented in the Pay versus Performance Table

As described in more detail in the section "Executive Compensation—Compensation Discussion and Analysis",

the Company's executive compensation program reflects a variable pay-for-performance philosophy.

Approximately 20% of the value of total compensation awarded to the NEOs consists of amounts determined

under the Company short-term incentive compensation program and approximately 60% of the value of total

compensation awarded to the NEOs is long-term incentive compensation generally comprised of equity awards,

including RSUs and/or PSUs. Mr. Tomczyk's compensation paid for 2024 does not include any equity grants, as

his CEO appointment grant in 2023 was meant to cover equity grants for 2023 and 2024 fiscal years.

While the Company utilizes several performance measures to align executive compensation with Company

performance, all of those Company measures are not presented in the Pay versus Performance table.

Moreover, the Company generally seeks to incentivize long-term performance, and therefore does not

specifically align the Company's performance measures with compensation that is actually paid for a particular

year.

Description of Relationship Between Compensation Actually Paid to our NEOs and Each Financial

Metric Presented in the Pay versus Performance Table

Compensation Actually Paid and Cumulative TSR

As demonstrated by the following graph, the amount of compensation actually paid to Messrs. Tomczyk and

Tilly and the average amount of compensation actually paid to the Company's Other NEOs as a group is

generally aligned with the Company's cumulative TSR over the period presented in the table.

Compensation Actually Paid and Net Income

As demonstrated by the following table, the amount of compensation actually paid to Messrs. Tomczyk and Tilly

and the average amount of compensation actually paid to the Company's Other NEOs as a group is generally

aligned with the Company's net income over the period presented in the table.

Compensation Actually Paid and Adjusted EBITDA

As demonstrated by the following graph, the amount of compensation actually paid to Messrs. Tomczyk and

Tilly and the average amount of compensation actually paid to the Company's Other NEOs as a group is

generally aligned with the Company's adjusted EBITDA over the period presented in the table.

Cumulative TSR of the Company and Cumulative TSR of the Peer Group

As demonstrated by the following graph, the Company's cumulative TSR over the period presented in the table

was 75%, while the cumulative TSR of the peer group presented for this purpose was 64% over the period

presented in the table. The Company's cumulative TSR underperformed the peer group in 2020, generally

matched the performance of the peer group in 2021, outperformed the peer group in 2022, outperformed the

peer group in 2023, and generally matched the performance of the peer group in 2024. For more information

regarding the Company's performance and the companies that the Compensation Committee considers when

determining compensation, refer to "Executive Compensation—Compensation Discussion and Analysis".

POLICIES AND PRACTICES RELATED TO THE GRANT OF

CERTAIN EQUITY AWARDS CLOSE IN TIME TO THE RELEASE

OF MATERIAL NONPUBLIC INFORMATION

Under the Second Amended and Restated Long-Term Incentive Plan, the Company may grant equity or cash

awards, including restricted stock, RSUs, and stock options. Stock options were not featured in our long-term

incentive program in 2024. However, the Company has apolicy that stock option grants may not be made

during a "blackout period", as defined in the Insider Trading Policy, unless the Compensation Committee

determines that special circumstances warrant an equity grant during the blackout period. Blackout periods

generally occur when there is a presumption of the possession of material non-public information, which

includes (i) quarterly and annual restrictions surrounding the dissemination of financial results and (ii) other

specific circumstances surrounding developments known to the Company and not yet publicly disclosed. See

"Corporate Governance—Insider Trading Policy" for additional information.