Companies StoneX Group Inc.
StoneX (SNEX): executive pay, fiscal 2025
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CEO pay, last three years
- $4,202,688FY2023
- $10,432,738FY2024
- $5,004,047FY2025
CEO total pay was $5,004,047 in fiscal 2025, down from $10,432,738 in fiscal 2024.
FY2025: salary $512,749 · bonus $0 · stock awards $1,961,475 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Sean O'Connor | $2,000,000 | $0 | $41,298,178 | $0 | $1,335,943 | $0 | $35,601 | $44,669,722 |
| Executive Vice-Chairman | ||||||||
| Gregory Kallinikos | 334,451 | 0 | 0 | 5,324,400 | 2,800,000 | 0 | 270,881 | 8,729,732 |
| Chief Executive Officer - Asia Pacific | ||||||||
| Stuart Davison | 326,621 | 0 | 234,065 | 6,362,550 | 618,244 | 0 | 9,245 | 7,550,725 |
| Chief Operating Officer | ||||||||
| Philip Smith | 512,749 | 0 | 1,961,475 | 0 | 2,516,768 | 0 | 13,055 | 5,004,047 |
| Chief Executive Officer | ||||||||
| William Dunaway | 375,000 | 0 | 698,361 | 0 | 2,459,907 | 0 | 14,867 | 3,548,135 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Sean O'Connor | $44,669,722 | $18,527,715 | $6,518,006 | ↑ +26,142,007 |
| Gregory Kallinikos | 8,729,732 | — | — | — |
| Stuart Davison | 7,550,725 | — | — | — |
| Philip Smith | 5,004,047 | 10,432,738 | 4,202,688 | ↓ −5,428,691 |
| William Dunaway | 3,548,135 | 7,544,532 | 3,716,150 | ↓ −3,996,397 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company designed its executive compensation program to reflect its need to attract and retain executives with specific skills and experience in the various businesses and functions operated by the Company... The Company also designed its executive compensation program to reward executives based on their contributions to the Company's success. The Compensation Committee believes that a compensation program which relies heavily on performance-based compensation will both maximize the efforts of the Company's executives and align the interests of executives with those of stockholders.
| CEO STI target (% of salary) | 585% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | not disclosed |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | False |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Gregory Kallinikos | OPTION | 2025-06-04 | — | — | 180,000 | — | $5,324,400 |
| Stuart Davison | OPTION | 2025-03-05 | — | — | 202,500 | — | 6,362,550 |
| Sean O'Connor | RSU | 2025-03-31 | — | — | 300,000 | — | 22,836,000 |
| Stuart Davison | RSU | 2024-12-13 | — | — | 3,480 | — | 234,065 |
| Sean O'Connor | RSU | 2024-12-13 | — | — | 19,851 | — | 1,335,178 |
| William Dunaway | RSU | 2024-12-13 | — | — | 10,383 | — | 698,361 |
| Sean O'Connor | PSU | 2025-03-31 | — | 225,000 | 225,000 | 337,500 | 17,127,000 |
| Philip Smith | RSU | 2024-12-13 | — | — | 29,163 | — | 1,961,475 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Gregory Kallinikos | $0 | $0 | $5,324,400 | 0.0% |
| Stuart Davison | 234,065 | 0 | 6,362,550 | 0.0% |
| Sean O'Connor | 24,171,178 | 17,127,000 | 0 | 41.5% |
| William Dunaway | 698,361 | 0 | 0 | 0.0% |
| Philip Smith | 1,961,475 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| William Dunaway | RSU | 3,461 | — | $349,284 |
| Sean O'Connor | RSU | 6,617 | — | 667,788 |
| William Dunaway | RSU | 8,937 | — | 901,922 |
| Philip Smith | RSU | 9,721 | — | 981,043 |
| William Dunaway | RSU | 16,153 | — | 1,630,161 |
| Sean O'Connor | RSU | 17,058 | — | 1,721,493 |
| Philip Smith | RSU | 23,085 | — | 2,329,738 |
| Sean O'Connor | RSU | 30,707 | — | 3,098,950 |
| Philip Smith | RSU | 36,951 | — | 3,729,095 |
| Philip Smith | Option | 45,000 | 20 | — |
| William Dunaway | Option | 45,000 | 20 | — |
| Sean O'Connor | RSU | 75,000 | — | 7,569,000 |
| Gregory Kallinikos | Option | 180,000 | 83.8 | — |
| Stuart Davison | Option | 202,500 | 78.68 | — |
| Sean O'Connor | RSU | 225,000 | — | 22,707,000 |
| William Dunaway | Option | 225,000 | 42.84 | — |
| Sean O'Connor | Option | 225,000 | 47.57 | — |
| Philip Smith | Option | 337,500 | 42.84 | — |
| Sean O'Connor | Option | 450,000 | 42.84 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John RadziwillIndependent · Board Chair | $119,000 | $188,201 | $0 | $0 | $0 | $307,201 |
| John M. FowlerIndependent · Compensation (Chair) · Risk · Nominating/Governance | 94,500 | 174,270 | 0 | 0 | 0 | 268,770 |
| Steven KassIndependent · Audit (Chair) | 94,500 | 174,270 | 0 | 0 | 0 | 268,770 |
| Diane CooperIndependent · Audit · Risk (Chair) · Technology | 108,000 | 147,220 | 0 | 0 | 0 | 255,220 |
| Eric ParthemoreIndependent · Compensation · Nominating/Governance (Chair) | 135,000 | 120,016 | 0 | 0 | 0 | 255,016 |
| Annabelle BexigaIndependent · Compensation · Technology (Chair) | 135,000 | 120,016 | 0 | 0 | 0 | 255,016 |
| Dhamu ThamodaranIndependent · Audit · Risk · Technology | 77,000 | 164,208 | 0 | 0 | 0 | 241,208 |
| Philip SmithEmployee director · Partial-year service | 0 | 0 | 0 | — | 0 | 0 |
| Sean O'ConnorEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Charles LyonEmployee director | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $110,000 |
|---|---|
| Annual equity retainer | $120,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 25,000 / 25,000 |
| Stock ownership guideline | The Company’s stock ownership guidelines, as described above, require that the CEO and all non-employee Directors own a significant equity stake in the Company during their employment or Director service. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $763,000 |
| Equity awards (grant-date value) | $1,088,201 |
| All other compensation | $0 |
| Total cost of the board | $1,851,201 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names StoneX as a peer
Companies that benchmark against SNEX
2 companies name SNEX as a compensation peer
- Gold.com, Inc.GOLDFY2026
Each company listed discloses SNEX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SNEX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | StoneX Group Inc. | 2025 | Philip Smith | $512,749 | $1,961,475 | $0 | $2,516,768 | $5,004,047 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-03-10 | 38,245,170 | 4,448,707 | 30,647 | 89.52% | Passed |
| 2025 | 2025-03-05 | 22,763,192 | 3,712,474 | 14,240 | 85.93% | Passed |
| 2024 | 2024-02-27 | 25,159,394 | 431,019 | 9,569 | 98.28% | Passed |
| 2022 | 2022-03-04 | 15,662,303 | 790,715 | 50,465 | 94.9% | Passed |
| 2021 | 2021-02-25 | 15,787,987 | 1,094,886 | 65,298 | 93.51% | Passed |
| 2019 | 2019-02-13 | 14,283,152 | 1,065,868 | 6,822 | 93.06% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-03-10 | 89.52%a |
| 2025 | 2025-03-05 | 85.93%b |
| 2024 | 2024-02-27 | 98.28%c |
a. Approved under the standard stated in the filing — “Abstentions will be counted as votes against the proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will be counted as votes against the proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will be counted as votes against the proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 53 : 1 |
|---|---|
| CEO total compensation | $5,004,047 |
| Median employee compensation | $95,131 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (31 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Sean O'Connor. DEF 14A, filed 2026-01-26. Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 44,669,722. View filing ↗
- Section 01, Gregory Kallinikos. DEF 14A, filed 2026-01-26. Section “Fiscal Year 2025 Summary Compensation Table” · page 26. As printed: 8,729,732. View filing ↗
- Section 01, Stuart Davison. DEF 14A, filed 2026-01-26. Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 7,550,725. View filing ↗
- Section 01, Philip Smith. DEF 14A, filed 2026-01-26. Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 5,004,047. View filing ↗
- Section 01, William Dunaway. DEF 14A, filed 2026-01-26. Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 3,548,135. View filing ↗
- Section 03, Gregory Kallinikos OPTION. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Stuart Davison OPTION. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Sean O'Connor RSU. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Stuart Davison RSU. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Sean O'Connor RSU. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, William Dunaway RSU. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Sean O'Connor PSU. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Philip Smith RSU. DEF 14A, filed 2026-01-26. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-01-26. Section “CEO Pay Ratio”. As printed: 53 : 1. View filing ↗
- Section 08, John Radziwill. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 307,201. View filing ↗
- Section 08, John M. Fowler. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 268,770. View filing ↗
- Section 08, Steven Kass. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 268,770. View filing ↗
- Section 08, Diane Cooper. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 255,220. View filing ↗
- Section 08, Eric Parthemore. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 255,016. View filing ↗
- Section 08, Annabelle Bexiga. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 255,016. View filing ↗
- Section 08, Dhamu Thamodaran. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 241,208. View filing ↗
- Section 08, Philip Smith. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Sean O'Connor. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Charles Lyon. DEF 14A, filed 2026-01-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-03-12. Item 5.07 · say-on-pay result. As reported: 89.52% (votes for as printed: 38,245,170). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-03-10. Item 5.07 · say-on-pay result. As reported: 85.93% (votes for as printed: 22,763,192). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-03-04. Item 5.07 · say-on-pay result. As reported: 98.28% (votes for as printed: 25,159,394). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 763,000 + equity 1,088,201 + all other 0 = 1,851,201, summed across the director compensation table rows.
- StoneX Group Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-01-26. CEO total compensation as printed in StoneX Group Inc.'s own proxy. As printed: 5,004,047. View filing ↗