Milan Galik

Chief Executive Officer and President at Interactive Brokers Group

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

EHN

Earl H. Nemser

Vice Chairman and Director

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 Name	Amount	Payment Schedule	Additional Details
Base Salary	$550,000	Annual	Fixed annual salary
401(k) Retirement Plan - Company Match	$15,000	Annual	Company match contribution
Director Fees	$150,000	Annual	Fixed fee for board services
Vacation Payout	$18,160	Annual	Payout for accrued vacation time
Dividend Equivalent Payments	$146,351	Annual	Equivalent dividend payments

Performance Compensation

Data from FY 2023

Cash Bonus

Metric	Value	Additional 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 / Targets	N/A	No specific thresholds, targets, goals, or weights were disclosed.

Stock Awards

Metric	Value	Additional Details
Grant Date	December 31, 2023	The date when the awards were granted.
Number of Stock Awards	135,478 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 Schedule	Five equal installments	Vesting dates: May 9, 2024; May 9, 2025; May 8, 2026; May 7, 2027; and May 9, 2028.
Performance Metrics / Targets	N/A	No 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. *