Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-29

BGC Group (BGC)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$15,000,000
Howard Lutnick total, FY2024
Former Chairman of the Board of Directors and Chief Executive Officerhighest-paid officer; CEO Sean Windeatt: $3,898,522
1st
CEO (Sean Windeatt) pay percentile vs peers
117:1
CEO-to-median pay ratio
93.57%
Say-on-pay support, latest vote
Companies that benchmark against BGC
4 companies name BGC as a compensation peer

Each company listed discloses BGC 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 BGC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Howard Lutnick$1,000,000$0$0$0$14,000,000$0$0$15,000,000
Former Chairman of the Board of Directors and Chief Executive Officer
Sean Windeatt850,6750003,047,847003,898,522
Co-Chief Executive Officer and Chief Operating Officer
Stephen Merkel1,000,0000001,750,000002,750,000
Executive Vice President and General Counsel
Jason Hauf700,000000750,000001,450,000
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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Howard Lutnick$15,000,000$17,044,535$13,000,000−2,044,535
Sean Windeatt3,898,5224,789,179−890,657
Stephen Merkel2,750,0002,300,000+450,000
Jason Hauf1,450,0001,350,000994,083+100,000

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Stephen M. MerkelDirector2025-10-03D16,511$9$152,066CommonForm 4 ↗
CANTOR FITZGERALD, L. P.Director2025-10-06A8,973,721982,631,818CommonForm 4 ↗
CF GROUP MANAGEMENT INCDirector2025-10-06A8,973,721982,631,818Common, indirectForm 4 ↗
Howard W. LutnickDirector2025-10-06D8,973,721982,631,818CommonForm 4 ↗
Brandon LutnickDirector2025-10-06A96,313,001Common, indirectForm 4 ↗
Howard W. LutnickDirector2025-10-06D337,76593,110,208CommonForm 4 ↗
Howard W. LutnickDirector2025-10-06D3,946,149Common, indirectForm 4 ↗
Howard W. LutnickDirector2025-10-06D600,939Common, indirectForm 4 ↗
Howard W. LutnickDirector2025-10-06D96,313,001Common, indirectForm 4 ↗
Brandon LutnickDirector2025-10-06A3,946,149Common, indirectForm 4 ↗
Brandon LutnickDirector2025-10-06A8,973,721982,631,818Common, indirectForm 4 ↗
Brandon LutnickDirector2025-10-06A600,938Common, indirectForm 4 ↗
Linda A. BellDirector2025-11-12A5,44700RSUForm 4 ↗
Arthur U. MbanefoDirector2025-11-12A5,44700RSUForm 4 ↗
David P. RichardsDirector2025-11-12A5,44700RSUForm 4 ↗
William AddasDirector2025-11-12A5,44700RSUForm 4 ↗
Sean WindeattCOO and Co-CEO2026-01-22D246,36092,259,121CommonForm 4 ↗
Jean-Pierre AubinCo-Chief Executive Officer2026-03-05D10,0001095,500RSUForm 4 ↗
Stephen M. MerkelDirector2026-04-01D16,57610163,108CommonForm 4 ↗
Sean WindeattCOO and Co-CEO2026-04-01D5,6491055,586CommonForm 4 ↗
Stephen M. MerkelDirector2026-04-01A77,88210766,359CommonForm 4 ↗
Sean WindeattCOO and Co-CEO2026-04-01A268,498CommonForm 4 ↗
John J. AbularrageCo-Chief Executive Officer2026-04-01A350,727RSUForm 4 ↗
Jason HaufChief Financial Officer2026-04-01D6,3201062,189CommonForm 4 ↗
Jean-Pierre AubinCo-Chief Executive Officer2026-04-01A269,557RSUForm 4 ↗
Jason HaufChief Financial Officer2026-04-01A42,835CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jason HaufPSU$362,500
Stephen MerkelPSU687,500
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jason Hauf$0$362,500$0100.0%
Stephen Merkel0687,5000100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Sean WindeattRSU131,053$1,187,340
Stephen MerkelRSU77,106698,580
Sean WindeattRSU73,098662,268
Stephen MerkelRSU72,751659,124
Jason HaufRSU40,036362,726
Jason HaufRSU38,360347,542
Sean WindeattRSU60,095544,461
Sean WindeattRSU239,9902,174,309
LutnickRSU1,304,86411,822,068
Sean WindeattRSU210,0371,902,935
Jason HaufRSU43,900397,734
05

Incentive-plan design — the Compensation Discussion & Analysis

BGC's executive compensation program is designed to integrate compensation with the achievement of short- and long-term business objectives, assisting in attracting, motivating, and retaining the highest quality executive officers and rewarding them for superior performance. The Committee takes a holistic approach considering qualitative and quantitative factors with no specific weighting toward any single metric, emphasizing an appropriately diversified mix of fixed and variable cash and non-cash compensation opportunities, time-based and performance-based awards, and short- and long-term incentives to align executive interests with long-term stockholder value.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantKorn Ferry
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-121,271,561,30887,355,3881,181,51793.57%Passed
20242024-09-161,248,533,25896,380,450903,50292.83%Passed
20232023-11-141,181,083,763132,516,1102,572,40489.74%Passed
20222022-12-30534,879,108115,656,6913,383,10581.8%Passed
20212021-11-22510,524,542125,436,1402,178,90180%Passed
20202020-06-11537,260,55382,974,795984,35586.62%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 yearMeeting dateApproval — company's computation
20252025-11-1293.57%a
20242024-09-1692.83%b
20232023-11-1489.74%c

a. Approved under the standard stated in the filing — “Withheld votes will have no effect on the vote on Proposal 1, and abstentions will have no effect on the votes on Proposals 2 and 3.”.

b. Approved under the standard stated in the filing — “Withheld votes will have no effect on the vote on Proposal 1, and abstentions will have no effect on the votes on Proposals 2 and 3.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote 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.

07

CEO pay ratio

Ratio (CEO : median employee)117 : 1
CEO total compensation$15,000,000
Median employee compensation$128,205
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Arthur U. MbanefoIndependent · Audit (Chair) · Compensation$187,000$50,000$0$0$237,000
Linda A. BellIndependent · Compensation (Chair)162,00050,00000212,000
William AddasIndependent · Audit · Compensation147,00050,00000197,000
David P. RichardsIndependent · Audit · Compensation147,00050,00000197,000
Howard W. LutnickEmployee director · Not standing for re-election · Departed during FY00000
Brandon G. LutnickIndependent · Newly elected00000
Stephen M. MerkelEmployee director · Board Chair · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$50,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$643,000
Equity awards (grant-date value)$200,000
All other compensation$0
Total cost of the board$843,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies BGC Group names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including BGC Group.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Nasdaq, Inc.2025Adena Friedman$1,359,616$17,491,321$0$6,086,509$25,014,550
2CME Group, Inc.2025Terrence Duffy2,000,00013,319,86007,128,83123,394,854
3Intercontinental Exchange, Inc.2025Jeffrey Sprecher1,395,83316,666,55304,050,00022,133,386
4Tradeweb Markets Inc.2025Billy Hult1,000,00015,082,34504,500,00020,620,952
5Interactive Brokers Group, Inc.2025Milan Galik590,00014,550,0000019,669,486
6Stifel Financial Corp.2025Ronald Kruszewski200,0008,880,0000018,908,297
7The Charles Schwab Corporation2025Richard Wurster1,248,4687,612,5535,075,0194,727,41618,755,222
8Raymond James Financial, Inc.2025Paul Shoukry750,0008,549,748017,277,875
9Evercore Inc.2025John S. Weinberg500,0005,888,5390017,138,539
10Virtu Financial, Inc.2025Aaron Simons850,0006,246,62501,065,25016,727,125
11LPL Financial Holdings Inc.2025Richard Steinmeier900,00010,045,54203,591,00014,574,496
12Lazard Ltd.2025Peter Orszag900,0008,666,5480013,723,452
13Houlihan Lokey, Inc.2025Scott Adelson500,0000010,500,00011,329,033
14Piper Sandler Companies2025Chad Abraham650,0003,735,35506,165,00011,030,039
15Oppenheimer Holdings Inc.2025Robert Lowenthal500,0001,037,40008,000,0009,546,400
16MarketAxess Holdings, Inc.2025Christopher Concannon750,0003,599,8811,208,6461,525,0007,101,027
17BGC Group2024Sean Windeatt850,675003,047,8473,898,522
Compagnie Financière Tradition SAnot in coverage universe
TP ICAP Group plcnot in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
BGC Groupnot disclosednot disclosednot disclosedKorn Ferry
CME Group, Inc.not disclosedPSU 50 · RSU 50Yes — TSR relative to the S&P 500Meridian Compensation Partners, LLC
Compagnie Financière Tradition SAnot disclosednot disclosednot disclosednot disclosed
Evercore Inc.not disclosedRSU 50not disclosednot disclosed
Houlihan Lokey, Inc.2100%not disclosedNoWTW
Interactive Brokers Group, Inc.678%RSU 100not disclosedWe have not utilized the services of a compensation consultant to date
Intercontinental Exchange, Inc.108%PSU 70 · RSU 30Yes — Company 3-Year TSR relative to S&P 500 3-Year TSRCompensation Advisory Partners (CAP)
Lazard Ltd.not disclosedMSU 50 · PIPR 50Yes — 3-year relative TSR vs. S&P 1500Compensation Advisory Partners (CAP)
LPL Financial Holdings Inc.133%PSU 70 · RSU 30Yes — TSR relative to Comparator GroupCompensation Consultant
MarketAxess Holdings, Inc.86%PSU 50 · RSU 25 · Options 25NoFW Cook
Nasdaq, Inc.not disclosednot disclosednot disclosednot disclosed
Oppenheimer Holdings Inc.not disclosedRSU 100not disclosedPay Governance LLC
Piper Sandler Companiesnot disclosedPSU 100Yes — Relative TSRSemler Brossy
Raymond James Financial, Inc.not disclosedPSU 60NoMeridian Compensation Partners
Stifel Financial Corp.not disclosednot disclosedNoCompensation Advisory Partners LLC
The Charles Schwab Corporation116.5%PSU 60 · Options 40NoSemler Brossy
TP ICAP Group plcnot disclosednot disclosednot disclosednot disclosed
Tradeweb Markets Inc.150%PSU 66 · RSU 33Yes — Cumulative Absolute TSRClearBridge Compensation Group
Virtu Financial, Inc.200%RSU 100Nonot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Howard LutnickDEF 14A2025-09-300001213900-25-093426Section “Summary Compensation Table”. As printed: 15,000,000. Filing ↗machine: r1 · c20 · span 794281–794291
2Section 01, Sean WindeattDEF 14A2025-09-300001213900-25-093426Section “Summary Compensation Table”. As printed: 3,898,522. Filing ↗machine: span 888832–888841
3Section 01, Stephen MerkelDEF 14A2025-09-300001213900-25-093426Section “Summary Compensation Table”. As printed: 2,750,000. Filing ↗machine: r5 · c20 · span 841735–841744
4Section 01, Jason HaufDEF 14A2025-09-300001213900-25-093426Section “Summary Compensation Table”. As printed: 1,450,000. Filing ↗machine: r13 · c20 · span 937062–937071
5Section 03, Jason Hauf PSUDEF 14A2025-09-300001213900-25-093426Section “EXECUTIVE COMPENSATION INFORMATION” · grants of plan-based awards table. Filing ↗machine: span 604784–604791
6Section 03, Stephen Merkel PSUDEF 14A2025-09-300001213900-25-093426Section “EXECUTIVE COMPENSATION INFORMATION” · grants of plan-based awards table. Filing ↗machine: span 600193–600200
7Section 07, pay ratioDEF 14A2025-09-300001213900-25-093426Section “CEO Pay Ratio”. As printed: 117 : 1. Filing ↗machine: span 1431293–1431296
8Section 08, Arthur U. MbanefoDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 237,000. Filing ↗machine: t24 · r3 · c14 · span 1888696–1888703
9Section 08, Linda A. BellDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 212,000. Filing ↗machine: t24 · r1 · c14 · span 1872160–1872167
10Section 08, William AddasDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 197,000. Filing ↗machine: t24 · r4 · c14 · span 1896945–1896952
11Section 08, David P. RichardsDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 197,000. Filing ↗machine: t24 · r2 · c14 · span 1880418–1880425
12Section 08, Howard W. LutnickDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Brandon G. LutnickDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Stephen M. MerkelDEF 14A2025-09-300001213900-25-093426Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Stephen M. Merkel 2025-10-03Form 42025-10-060001437749-25-030578Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, CANTOR FITZGERALD, L. P. 2025-10-06Form 42025-10-060001437749-25-030573Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, CF GROUP MANAGEMENT INC 2025-10-06Form 42025-10-060001437749-25-030575Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Howard W. Lutnick 2025-10-06Form 42025-10-060001437749-25-030570Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Brandon Lutnick 2025-10-06Form 42025-10-060001437749-25-030565Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Howard W. Lutnick 2025-10-06Form 42025-10-060001437749-25-030570Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Howard W. Lutnick 2025-10-06Form 42025-10-060001437749-25-030570Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Howard W. Lutnick 2025-10-06Form 42025-10-060001437749-25-030570Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Howard W. Lutnick 2025-10-06Form 42025-10-060001437749-25-030570Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Brandon Lutnick 2025-10-06Form 42025-10-060001437749-25-030565Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Brandon Lutnick 2025-10-06Form 42025-10-060001437749-25-030565Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Brandon Lutnick 2025-10-06Form 42025-10-060001437749-25-030565Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Linda A. Bell 2025-11-12Form 42025-11-140001437749-25-035185Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Arthur U. Mbanefo 2025-11-12Form 42025-11-140001437749-25-035176Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, David P. Richards 2025-11-12Form 42025-11-140001437749-25-035164Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, William Addas 2025-11-12Form 42025-11-140001437749-25-035189Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Sean Windeatt 2026-01-22Form 42026-01-230001437749-26-001944Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Jean-Pierre Aubin 2026-03-05Form 42026-03-090001437749-26-007358Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Stephen M. Merkel 2026-04-01Form 42026-04-010001437749-26-010920Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Sean Windeatt 2026-04-01Form 42026-04-010001437749-26-010923Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Stephen M. Merkel 2026-04-01Form 42026-04-010001437749-26-010920Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Sean Windeatt 2026-04-01Form 42026-04-010001437749-26-010923Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, John J. Abularrage 2026-04-01Form 42026-04-010001437749-26-010898Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jason Hauf 2026-04-01Form 42026-04-010001437749-26-010918Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Jean-Pierre Aubin 2026-04-01Form 42026-04-010001437749-26-010904Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Jason Hauf 2026-04-01Form 42026-04-010001437749-26-010918Insider equity transaction reported since the proxy statement. Filing ↗
41Section 06, 2025 voteForm 8-K2025-11-130001213900-25-110021Item 5.07 · say-on-pay result. As reported: 93.57% (votes for as printed: 1,271,561,308). Filing ↗
42Section 06, 2024 voteForm 8-K2024-09-170001213900-24-079456Item 5.07 · say-on-pay result. As reported: 92.83% (votes for as printed: 1,248,533,258). Filing ↗
43Section 06, 2023 voteForm 8-K2023-11-160001193125-23-278807Item 5.07 · say-on-pay result. As reported: 89.74% (votes for as printed: 1,181,083,763). Filing ↗
44Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
45Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
46Section 09b board cost (computed)ComputedcomputedCash 643,000 + equity 200,000 + all other 0 = 843,000, summed across the director compensation table rows.machine: formula: Σ = 843,000
47Nasdaq, Inc., Section 10b CEO totalDEF 14A2026-04-240001628280-26-027245CEO total compensation as printed in Nasdaq, Inc.'s own proxy. As printed: 25,014,550. Filing ↗machine: r3 · c7 · span 2441886–2441897
48CME Group, Inc., Section 10b CEO totalDEF 14A2026-03-230001628280-26-020500CEO total compensation as printed in CME Group, Inc.'s own proxy. As printed: 23,394,854. Filing ↗machine: span 1417602–1417612
49Intercontinental Exchange, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134700CEO total compensation as printed in Intercontinental Exchange, Inc.'s own proxy. As printed: 22,133,386. Filing ↗machine: t89 · r5 · c16 · span 1344962–1344972
50Tradeweb Markets Inc., Section 10b CEO totalDEF 14A2026-03-260001758730-26-000084CEO total compensation as printed in Tradeweb Markets Inc.'s own proxy. As printed: 20,620,952. Filing ↗machine: t94 · r2 · c7 · span 1617062–1617072
51Interactive Brokers Group, Inc., Section 10b CEO totalDEF 14A2026-03-110001381197-26-000066CEO total compensation as printed in Interactive Brokers Group, Inc.'s own proxy. As printed: 19,669,486. Filing ↗machine: t5 · r11 · c12 · span 421401–421411
52Stifel Financial Corp., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191643CEO total compensation as printed in Stifel Financial Corp.'s own proxy. As printed: 18,908,297. Filing ↗machine: t238 · r3 · c23 · span 1013386–1013396
53The Charles Schwab Corporation, Section 10b CEO totalDEF 14A2026-04-060001193125-26-142826CEO total compensation as printed in The Charles Schwab Corporation's own proxy. As printed: 18,755,222. Filing ↗machine: span 943741–943751
54Raymond James Financial, Inc., Section 10b CEO totalDEF 14A2026-01-070000720005-26-000019CEO total compensation as printed in Raymond James Financial, Inc.'s own proxy. As printed: 17,277,875. Filing ↗machine: t155 · r2 · c15 · span 1103853–1103864
55Evercore Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191911CEO total compensation as printed in Evercore Inc.'s own proxy. As printed: 17,138,539. Filing ↗machine: t182 · r9 · c23 · span 595538–595548
56Virtu Financial, Inc., Section 10b CEO totalDEF 14A2026-04-290001104659-26-051774CEO total compensation as printed in Virtu Financial, Inc.'s own proxy. As printed: 16,727,125. Filing ↗machine: span 454007–454017
57LPL Financial Holdings Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140066CEO total compensation as printed in LPL Financial Holdings Inc.'s own proxy. As printed: 14,574,496. Filing ↗machine: t313 · r3 · c29 · span 1887460–1887470
58Lazard Ltd., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024088CEO total compensation as printed in Lazard Ltd.'s own proxy. As printed: 13,723,452. Filing ↗machine: r3 · c11 · span 3696981–3696991
59Houlihan Lokey, Inc., Section 10b CEO totalDEF 14A2025-07-250001302215-25-000084CEO total compensation as printed in Houlihan Lokey, Inc.'s own proxy. As printed: 11,329,033. Filing ↗machine: t36 · r2 · c14 · span 344700–344710
60Piper Sandler Companies, Section 10b CEO totalDEF 14A2026-04-090001104659-26-041101CEO total compensation as printed in Piper Sandler Companies's own proxy. As printed: 11,030,039. Filing ↗machine: t78 · r1 · c41 · span 720190–720200
61Oppenheimer Holdings Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027365CEO total compensation as printed in Oppenheimer Holdings Inc.'s own proxy. As printed: 9,546,400. Filing ↗machine: span 669539–669548
62MarketAxess Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191601CEO total compensation as printed in MarketAxess Holdings, Inc.'s own proxy. As printed: 7,101,027. Filing ↗machine: t49 · r4 · c22 · span 1439393–1439402
63BGC Group (subject), Section 10b CEO totalDEF 14A2025-09-300001213900-25-093426CEO total compensation as printed in BGC Group's own proxy. As printed: 3,898,522. Filing ↗machine: span 888832–888841
64Section 10a, Raymond James Financial, Inc. reciprocityDEF 14A0000720005-26-000019Raymond James Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
65Section 10a, The Charles Schwab Corporation reciprocityDEF 14A0001193125-26-142826The Charles Schwab Corporation's most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
66Section 10a, Evercore Inc. reciprocityDEF 14A0001193125-26-191911Evercore Inc.'s most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
67Section 10a, LPL Financial Holdings Inc. reciprocityDEF 14A0001193125-26-140066LPL Financial Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
68Section 10a, Piper Sandler Companies reciprocityDEF 14A0001104659-26-041101Piper Sandler Companies's most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
69Section 10a, CME Group, Inc. reciprocityDEF 14A0001628280-26-020500CME Group, Inc.'s most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
70Section 10a, Tradeweb Markets Inc. reciprocityDEF 14A0001758730-26-000084Tradeweb Markets Inc. names BGC Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, Houlihan Lokey, Inc. reciprocityDEF 14A0001302215-25-000084Houlihan Lokey, Inc.'s most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
72Section 10a, Stifel Financial Corp. reciprocityDEF 14A0001193125-26-191643Stifel Financial Corp.'s most recent proxy was read; its disclosed peer group does not include BGC Group. Filing ↗
73Section 10a, MarketAxess Holdings, Inc. reciprocityDEF 14A0001193125-26-191601MarketAxess Holdings, Inc. names BGC Group in its own disclosed peer group (read from its most recent proxy). Filing ↗