Glenn H. Schiffman
Match GroupAbout Glenn H. Schiffman
Independent director of Match Group since 2016 (age 55), currently Executive Vice President and Chief Financial Officer of Fanatics, Inc. He brings deep financial and corporate finance expertise from roles at IAC, Guggenheim Partners, Nomura, Lehman Brothers, and The Raine Group, and is designated independent by the Board. He serves on Match Group’s Audit Committee and has been part of a Board that met eight times in 2024, with all incumbent directors meeting at least the 75% attendance threshold (except one director who did not stand for re-election) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fanatics, Inc. | Executive Vice President & CFO | 2021–Present | Oversees broad financial and corporate functions across a global enterprise |
| IAC Inc. | EVP & CFO | 2016–2021 | Integral to operations and cost management initiatives |
| Guggenheim Partners | Senior Managing Director | 2013–2016 | Corporate finance and dealmaking |
| The Raine Group | Partner | 2011–2013 | Investment/banking experience |
| Nomura (Americas/APAC) | Senior Managing Director; Head of Investment Banking | 2008–2011 | Led investment banking in APAC and Americas |
| Lehman Brothers | Managing Director; Global Head of Media Group | 2004–2008 | Led media investment banking |
| Valerie Fund Endowment | Founder & Chairman | 2005 | Philanthropic governance experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Vimeo, Inc. | Director; Chair (since 2023) | 2021–Present | Public company board; Chair role since 2023 |
| Angi Inc. | Director | 2017–Present | Public company board |
| National Committee on U.S.–China Relations | Member | — | International business insights |
Board Governance
- Committee assignments: Audit Committee member; Audit met nine times in 2024; Chair is Alan Spoon; Spoon designated the committee’s “financial expert” rather than Schiffman .
- Independence: Board determined Schiffman is independent; all standing committees are composed solely of independent directors .
- Attendance: Board met eight times in 2024; all then-incumbent directors attended at least 75% of Board and committee meetings (except Ms. Murdoch) .
- Board leadership: Independent Chairman (Thomas J. McInerney); independent directors hold executive sessions at least twice per year .
- Governance evolution: Proposal to declassify the Board beginning with the 2026 annual meeting (subject to shareholder approval) .
Fixed Compensation
Program structure for non-employee directors (2024):
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | Paid quarterly in arrears |
| Board Chair additional retainer | $80,000 | Paid to independent Chair |
| Committee membership fees | Audit: $10,000; Compensation: $5,000; Nominating: $5,000 | Additional annual retainer per membership |
| Committee chair fees | Audit: $20,000; Compensation: $20,000; Nominating: $15,000 | Additional annual chair retainer |
| Annual equity grant (RSUs) | $250,000 grant-date value | Vests in full on earlier of 1 year or next annual meeting |
| Compensation cap | $750,000 per calendar year | $1,000,000 cap for newly appointed/elected directors |
2024 actual compensation (Schiffman):
| Component | Amount | Notes |
|---|---|---|
| Cash fees | $52,500 deferred | Deferred into share units under Director Deferred Compensation Plan |
| Stock awards (RSUs) | $249,972 | Grant-date fair value |
| Total | $302,472 | Sum of deferred fees and RSUs |
Deferred Compensation Plan: Directors may defer fees into share units or a cash fund; share units receive dividend equivalents; distributions occur upon leaving the board per election .
Performance Compensation
| Performance Metrics in Director Compensation | Status |
|---|---|
| Revenue, EBITDA, TSR, ESG goals tied to director pay | Not applicable; non-employee director awards are time-based RSUs; no performance metrics disclosed |
Other Directorships & Interlocks
| Company | Sector | Role | Potential Interlock/Conflict |
|---|---|---|---|
| Vimeo, Inc. | Video/Software | Director; Chair | No disclosed related-party transactions with Match Group; Board independence affirmed |
| Angi Inc. | Home Services | Director | No disclosed related-party transactions with Match Group; Board independence affirmed |
Expertise & Qualifications
- Financial and corporate administration expertise across investor relations, accounting, security, HR, legal, and FP&A from CFO roles at Fanatics and IAC .
- Execution of large global transactions; consumer internet/technology insight; international relations perspective via U.S.–China committee membership .
Equity Ownership
| Item | Amount/Policy | Notes |
|---|---|---|
| Beneficial ownership (as of Apr 11, 2025) | 276,205 shares | Consists of direct holdings and 246,432 vested options from the IAC separation; less than 1% of outstanding shares |
| Unvested RSUs outstanding (12/31/2024) | 8,061 RSUs | Director RSUs vest earlier of one year or next annual meeting |
| Options (exercisable) | 246,432 | Issued in respect of Former IAC options; not related to Match Group director service |
| Director ownership guideline | 5x annual cash retainer | Must be met within 5 years of Jan 1, 2022 or board appointment; unvested RSUs/PSUs and unexercised options do not count |
| Hedging/Pledging | Prohibited | No hedging/derivatives or pledging of Match Group stock by directors |
Insider Trades (Form 4)
| Date (Filed) | Transaction | Quantity | Source |
|---|---|---|---|
| 2025-10-21 | Share units credited under Director Deferred Compensation Plan | Not stated in index | https://www.sec.gov/Archives/edgar/data/891103/000089110325000173/xslF345X05/wk-form4_1761080849.xml |
| 2025-10-02 | Share units credited (director deferred plan) | Not stated in PDF summary | https://d18rn0p25nwr6d.cloudfront.net/CIK-0000891103/49f3e21a-7d88-4a3e-b675-db6ca261426e.pdf |
| 2025-10-17 | Routine dividend-related accrual of share units | 32 share units | https://www.stocktitan.net/sec-filings/MTCH/form-4-match-group-inc-insider-trading-activity-04c61a87d868.html |
| 2025-09-30 | Share units credited (director deferred plan) | Not stated | https://www.streetinsider.com/SEC+Filings/Form+4+Match+Group%2C+Inc.+For%3A+Sep+30+Filed+by%3A+Schiffman+Glenn/25414983.html |
Governance Assessment
- Board effectiveness: Audit Committee membership aligns with Schiffman’s finance background; committee independence and financial expert designation on Audit strengthen oversight; executive sessions enhance independent oversight .
- Independence and attendance: Board determined independence; attendance met governance threshold (≥75%) in 2024 among incumbents .
- Compensation and alignment: Director compensation mix balances modest cash with equity ($250k RSUs), plus deferred fees into share units—supporting alignment; compensation cap ($750k) limits excess .
- Ownership alignment: Material vested options (legacy IAC) and current RSUs provide exposure to equity; director ownership guidelines and anti-hedging/anti-pledging policy reinforce alignment .
- Potential conflicts/time commitments: CFO role at Fanatics plus two public boards implies high time commitments; Nominating Committee annually reviews time commitments and other boards; no related-party transactions disclosed for 2024 .
- Shareholder confidence signals: Ongoing governance refresh (Board declassification proposal), independent chair, and strong committee independence are positives .
RED FLAGS
- None disclosed regarding related-party transactions, hedging, pledging, or director-specific attendance shortfalls for 2024 .
Watch items
- Time commitments given concurrent CFO role and multiple public boards (reviewed annually by the Nominating Committee) .
- Legacy vested options from IAC separation present unusual scale for a director but are fully disclosed and unrelated to current director service .