Gloria E. Gebbia
About Gloria E. Gebbia
Gloria E. Gebbia, age 83, has served on Siebert Financial Corp.’s Board of Directors since December 16, 2016. She is managing manager of Kennedy Cabot Acquisition, LLC (KCA), a company affiliated with Siebert under common ownership; she was an owner and director of StockCross Financial Services, Inc., and serves as President of Associates for Breast and Prostate Cancer Research, which has raised over $16 million for the John Wayne Cancer Institute . She is not an independent director under Nasdaq rules due to affiliations and family relationships with management .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Kennedy Cabot Acquisition, LLC (KCA) | Managing manager | Not disclosed | Affiliate under common ownership with Siebert; provided paymaster services in 2023; holds license for “Siebert” and “Muriel Siebert & Co., LLC” names; passes through costs (no profit) . |
| StockCross Financial Services, Inc. | Owner and Director | Not disclosed | Brings brokerage industry experience to Siebert’s Board . |
External Roles
| Organization | Role | Tenure | Impact |
|---|---|---|---|
| Associates for Breast and Prostate Cancer Research | President | Not disclosed | Raised over $16 million for the John Wayne Cancer Institute . |
Board Governance
- Independence: The Board determined that all directors except Gloria E. Gebbia, John J. Gebbia, and Andrew H. Reich are independent under Nasdaq and SEC rules, making Ms. Gebbia non‑independent .
- Attendance: The Board held 14 special meetings in 2024; each incumbent director attended at least 75% of Board meetings and all of his/her committee meetings .
- Committees: Ms. Gebbia is not listed on the Audit Committee (Schneider—Chair; Zabatta; Cuttita) or the Compensation Committee (Zabatta; Cuttita). The company has no standing nominating committee; independent directors handle nominations per Nasdaq 5605(e)(1)(A) .
- Shareholder support: At the Nov 1, 2024 annual meeting, Ms. Gebbia received 32,899,284 “For” votes and 149,633 “Withheld” votes for re‑election .
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Annual Board cash retainer ($) | $120,000 | $120,000 |
| All Other Compensation ($) | $90,000 (consulting) | $0 |
| Stock Awards ($) | — | — |
| Option Awards ($) | — | — |
Performance Compensation
| Element | 2023 | 2024 |
|---|---|---|
| RSU/PSU grants (# / $ grant-date FV) | None disclosed (—) | None disclosed (—) |
| Option awards (strike/expiry/vesting) | None disclosed (—) | None disclosed (—) |
| Performance metrics tied to director pay | None disclosed (director compensation table shows only fees) |
The 2021 Equity Incentive Plan (as amended) allows grants to directors, but no equity awards to Ms. Gebbia are disclosed for 2023–2024. The plan prohibits repricing without shareholder approval and disallows dividends on unearned awards .
Other Directorships & Interlocks
| Company/Institution | Type | Role | Notes |
|---|---|---|---|
| StockCross Financial Services, Inc. | Private financial services | Owner and Director | Prior role; informs brokerage expertise . |
| Associates for Breast and Prostate Cancer Research | Non‑profit | President | Philanthropic leadership . |
Expertise & Qualifications
- Brokerage and financial services leadership via StockCross and family brokerage enterprises, contributing industry expertise to the Board .
- Executive and ownership role at KCA; familiarity with brand licensing and corporate affiliations .
- Non‑profit leadership with significant fundraising results, indicating stakeholder engagement and governance experience .
Equity Ownership
| Holder | Shares of Common Stock | Percent of Class | As of |
|---|---|---|---|
| Gloria E. Gebbia / John J. Gebbia (incl. family/trust holdings per footnote) | 16,960,323 | 43% | Sep 6, 2024 |
| Gloria E. Gebbia / John J. Gebbia (incl. family/trust holdings per footnote) | 16,941,323 | 42% | Sep 19, 2025 |
- Footnote highlights: Includes 9,697,714 shares owned by the John J & Gloria E Gebbia Living Trust and aggregate shares held by their sons and family members; they are parties to an Amended and Restated Joint Filing and Group Agreement (Jan 10, 2022) coordinating voting actions regarding Siebert securities .
Insider Trading Plans and Derivative Arrangements
| Date | Event | Shares/Terms |
|---|---|---|
| May 22, 2023 | Gloria E. Gebbia issued a warrant to BCW Securities LLC to purchase 403,780 Siebert shares she held, at $2.15 exercise price (related to Kakaopay investment agreement) . | 403,780 shares; $2.15 strike |
| May 19, 2025 | John J & Gloria E Gebbia Living Trust adopted Rule 10b5‑1 trading plan for potential sale of up to 400,000 shares . | Up to 400,000 shares |
| June 2, 2025 | The above Rule 10b5‑1 plan was terminated . | Plan terminated |
Related‑Party Transactions and Potential Conflicts
| Counterparty | Nature | Amount/Terms | Year(s) |
|---|---|---|---|
| KCA (affiliate; Ms. Gebbia managing member) | Paymaster services including 401(k) sponsorship; pass‑through costs (no profit) | Company incurred $40,000; agreement terminated Jan 1, 2024 . | 2023–2024 |
| KCA (name license) | License for “Muriel Siebert & Co., LLC” and “Siebert”; pass‑through cost | $60,000 each year; license expires 2026 . | 2023–2024 |
| PW (Park Wilshire Companies, Inc.) | Insurance brokerage services for related parties | Revenue from related parties: $124,000 (2023); $98,000 (2024) . | 2023–2024 |
| Gebbia family members (sons) | Executive roles and compensation | Aggregate compensation: $2,776,000 (2023); $3,742,000 (2024) . | 2023–2024 |
| Gebbia Sullivan County Land Trust | Omaha branch office lease | Rent expense: $60,000 (2023); $60,000 (2024) . | 2023–2024 |
| Credit Agreement guarantee | Personal guarantees of Co. obligations | John J. Gebbia, Gloria E. Gebbia, and their Living Trust guaranteed obligations (Aug 15, 2024) . | 2024 |
| Gebbia Media, LLC (family-owned) | Acquisition by Siebert | Company acquired 100% (Aug 12, 2024); owned by John J., Gloria E., and David Gebbia . | 2024 |
Audit Committee is responsible for reviewing and approving related‑party transactions; Code of Ethics requires disclosure and review of conflicts involving senior financial officers .
Governance Assessment
- Alignment: Very high insider ownership (42% in 2025) can align interests but also concentrates control; coordinated Group Agreement among Gebbia family underscores influence on voting outcomes .
- Independence and committees: Ms. Gebbia is non‑independent and holds no audit or compensation committee assignments, which is appropriate given affiliations; committee membership appears fully independent per Nasdaq and SEC rules .
- Attendance and engagement: Board attendance thresholds were met (≥75%), and committee meetings were held with regular oversight (Audit: 9 meetings; Compensation: 1 meeting in 2024) .
- Compensation signals: Director pay is modest and cash‑only for 2024 ($120,000) with no equity; prior 2023 consulting compensation ($90,000) is discontinued, removing a potential conflict vector .
- RED FLAGS:
- Multiple related‑party transactions (KCA pass‑through costs; family compensation; trust lease; Gebbia Media acquisition; personal guarantee of credit facility) raise recurring conflict‑of‑interest risks that require robust Audit Committee oversight .
- Use of derivative/warrant on personal shareholdings (403,780 shares at $2.15) and adoption (then termination) of a Rule 10b5‑1 plan may signal active liquidity management; hedging is discouraged by policy, but pledging disclosures specific to Ms. Gebbia are not indicated .
Shareholder support for Ms. Gebbia’s 2024 re‑election was strong (32.9M votes “For”, 149.6k “Withheld”), suggesting investor confidence despite conflict risks, likely reflecting insider ownership dynamics and performance trends .