Edward T. Tilly, born on October 24, 1968, is the CEO of Cboe Global Markets since 2013. He holds a B.A. in Economics from Northwestern University and has a strong background in finance, guiding the company through significant changes and...

Edward T. Tilly, born on October 24, 1968, is the CEO of Cboe Global Markets since 2013. He holds a B.A. in Economics from Northwestern University and has a strong background in finance, guiding the company through significant changes and growth. In 2023, his total compensation reached about $3.5 million, straightforwardly consisting of his salary and stock awards, especially after resigning from certain performance-based bonuses due to a change in his employment status. Tilly has been involved in many strategic decisions at Cboe, positioning the firm as a leader in the marketplace. He has personal holdings in the company that have seen fluctuations over the years, reflecting confidence and investment in Cboe's future. Interestingly, in early 2024, his insider trading data showed the value of his holdings rising significantly, from around $15.68 million in late 2019 to nearly $37.63 million. This showcases his deep connection with the company’s growth and performance. Tilly's tenure has led to robust changes in how Cboe operates and competes, emphasizing innovation and efficiency across trading platforms.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Edward T. Tilly

CEO of Cboe Global Markets

Education

B.A. degree in Economics from Northwestern University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

October 24, 1968 - 56 years ago

CEO of Cboe Global Markets for

11 years 11 months (May 2013 - Present)

Previous Experience

President and Chief Operating Officer from November 2011, Executive Vice Chairman from August 2006 until November 2011, Member Vice Chairman from 2004 through July 2006, member of CBOE from 1989 until 2006.

Rivals

Competitors/colleagues of Edward T. Tilly

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Christopher R. Concannon

CEO of MarketAxess

2023 Compensation

Stock

$7.15M

Salary

$1.00M

Bonus

$475.00K

Other

$0.00

Total Holdings

$39.42M

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Richard M. McVey

Founder and CEO of MarketAxess

2023 Compensation

Stock

$894.17K

Salary

$650.00K

Bonus

$1.19M

Other

$0.00

Total Holdings

$122.60M

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Brian Armstrong

Founder and CEO of Coinbase Global, Inc.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$3.70M

Total Holdings

$8.55B

Holdings

See how much did Edward T. Tilly make over time.

Edward T. Tilly's personal investments in Cboe Global Markets have fluctuated over the years, reflecting both confidence in the company and the volatile nature of financial markets. In late 2019, his holdings were valued at around $15.68 million. This value...

Edward T. Tilly's personal investments in Cboe Global Markets have fluctuated over the years, reflecting both confidence in the company and the volatile nature of financial markets. In late 2019, his holdings were valued at around $15.68 million. This value experienced some ups and downs, hitting various levels throughout the early 2020s, with significant growth observed as of early 2024, when his holdings increased dramatically to about $37.63 million. These numbers illustrate Tilly's strategic positioning within the company and his commitment to its future success. His willingness to invest in his own company signifies strong alignment with shareholders and an optimistic outlook on Cboe's growth trajectory.

Mar 18, 2025

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shares

CBOE @ $219.66

Total Stock Sold

$16.45M

CBOE

$16.45M

173,500 CBOE shares

What if they kept their stock?

If Edward T. Tilly didn't sell their stock, today they would have:
Extra CBOE173,500 shares worth $16.22M.
This is -1.37% and $225.24K less than what they got when they sold the stock.

Charitable Transactions

CBOE

1,000 shares

CBOE

Recent Charitable Transactions

CBOE

1,000 shares

CBOE

Dec 11, 2017

Charity

Insider Trading

See recent insider trades of Edward T. Tilly.

CBOE

$1.09M

CBOE at $136.08/share

Jul 10, 2023

Sale

CBOE

$1.09M

CBOE at $136.07/share

Jun 13, 2023

Sale

CBOE

28,031 shares

CBOE

Feb 8, 2023

Received

CBOE

$1.27M

CBOE at $126.77/share

Nov 7, 2022

Sale

CBOE

8,710 shares

CBOE

Feb 9, 2022

Received

CBOE

$1.01M

CBOE at $134.04/share

Nov 2, 2021

Sale

CBOE

$899.48K

CBOE at $119.93/share

Aug 3, 2021

Sale

CBOE

$1.73M

CBOE at $115.00/share

May 13, 2021

Sale

CBOE

14,624 shares

CBOE

Feb 10, 2021

Received

CBOE

$894.20K

CBOE at $89.42/share

Sep 14, 2020

Purchase

Compensation History

See how much did Edward T. Tilly make over time.

In 2023, Edward T. Tilly's reported compensation was around $3.5 million. This total includes his steady salary of $1.265 million and stock awards worth $2.087 million that vested during the year. Notably, his 2023 package did not include a bonus due to his resignation status. Over the years, his compensation has reflected both performance targets and market conditions. For instance, in 2022, his total compensation peaked at over $11.9 million due to a combination of salary, cash bonuses, and stock awards. This shows a clear link between his leadership performance and the financial success of Cboe. His compensation structure has often revolved around aligning the interests of executives with the company's performance metrics, indicating that the firm's fortunes heavily influence his earnings.

Year

2023

Total Compensation

$4.59M

Salary

$1.27M

Board Justification

The compensation philosophy is designed to attract and retain talented executives, aligning their interests with those of stockholders through performance-based compensation.

Bonus

$0.00

Board Justification

Due to his resignation, Mr. Tilly was ineligible for an annual bonus for fiscal year 2023.

Other

$0.00

Board Justification

Restricted Stock

$3.32M(26.46K RSU)

Board Justification

Time-based RSUs granted in previous years that vested in 2023, with a vesting schedule of one-third each year over three years.

Performance Metrics

Performance metrics included corporate-wide net revenue and adjusted EBITDA, but Mr. Tilly did not participate in the annual incentive plan due to his resignation.