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    Milan Galik

    Chief Executive Officer and President at Interactive Brokers Group Inc
    Board
    Since October 2019
    Age
    58 years
    Education
    Earned a Master of Science degree in electrical engineering from the Technical University of Budapest in 1990.
    Tenure
    Joined the company in 1990 as a software developer and advanced through roles including Senior Vice President, Vice President, President, and Chief Executive Officer, demonstrating a long-standing commitment to technological innovation and leadership.

    Also at Interactive Brokers Group Inc

    EHN
    Earl H. Nemser
    Vice Chairman and Director
    TP
    Thomas Peterffy
    Chairman of the Board
    PJB
    Paul J. Brody
    Chief Financial Officer, Treasurer, and Secretary

    About

    Milan Galik has spent over three decades shaping the technological evolution of a leading electronic brokerage firm. His career is marked by a progressive buildup of responsibilities in software development and strategic leadership, reflecting a deep understanding of both the technical and operational aspects of the financial services industry.

    Beyond his standard executive roles, he has played an instrumental part in modernizing trading systems and driving global expansion initiatives. His contributions in overseeing large-scale software enhancements have positioned the company as a pioneer in the electronic trading space.

    In addition to his executive duties, his governance experience, including his tenure as a board member at a major options exchange, underlines his dedication to industry-wide innovation and regulatory excellence. His blend of technical expertise with strategic oversight continues to shape the firm’s future and sustain its competitive edge.

    $IBKR Performance Under Milan Galik

    Past Roles

    Organization Role Date Range Details
    Boston Options Exchange Member of the Board of Directors October 2013 - May 2023 Held until May 2023
    IBG LLC Senior Vice President, Software Development October 2003 - October 2014 Role ended prior to current CEO appointment
    IBKR Securities Services LLC Vice President April 1998 - October 2014 Position transitioned upon promotion
    Interactive Brokers Group (IBKR) Software Developer 1990 - April 1998 Initial role at IBKR

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$550,000 AnnualFixed annual salary
    401(k) Retirement Plan - Company Match$15,000 AnnualCompany match contribution
    Director Fees$150,000 AnnualFixed fee for board services
    Vacation Payout$18,160 AnnualPayout for accrued vacation time
    Dividend Equivalent Payments$146,351 AnnualEquivalent dividend payments

    Performance Compensation

    Data from  FY 2023

    Cash Bonus

    MetricValueAdditional Details
    Bonus Amount$3,475,000 Determined based on qualitative assessments of individual and company performance; no specific performance metrics or quantitative targets provided.
    Performance Metrics / TargetsN/ANo specific thresholds, targets, goals, or weights were disclosed.

    Stock Awards

    MetricValueAdditional Details
    Grant DateDecember 31, 2023 The date when the awards were granted.
    Number of Stock Awards135,478 shares Exact number of shares awarded.
    Grant Date Fair Value$11,000,000 Total fair value of the stock awards on the grant date.
    Grant Date Stock Price$81.19 per share Determined using the volume-weighted average price (VWAP) for December 2023.
    Vesting ScheduleFive equal installmentsVesting dates: May 9, 2024; May 9, 2025; May 8, 2026; May 7, 2027; and May 9, 2028.
    Performance Metrics / TargetsN/ANo discrete quantitative performance metrics, targets, thresholds, or caps were provided for the stock awards.

    *Overall, the performance compensation for 2023 includes a significant cash bonus and stock awards. Both compensation components were determined without specific quantitative performance measures, relying instead on qualitative assessments of Milan Galik's role in driving company strategy and growth. *