Milan Galik is the CEO of Interactive Brokers Group, Inc., taking the lead on October 1, 2019. With a Master of Science degree in Electrical Engineering from the Technical University of Budapest, he started his career as a software developer in 1990 and has climbed the ranks within the company. Before becoming CEO, he was the President and helped shape the company's technology and strategy since 2014. His leadership is noteworthy not just for his experience but also for how he has built the business around innovative tech solutions in brokerage. He reported a total compensation of around $15.8 million in 2023, with a significant portion coming from bonuses, reflecting a performance-driven approach. Galik has seen significant fluctuations in his stock holdings, peaking at about $156.3 million in May 2024, which ties his interests closely with those of stockholders, as he holds a considerable amount of his wealth in his company's stock. His insider trading activities suggest he is confident in the company's direction, often buying more shares, indicating a strong belief in its future performance. Overall, Milan is a tech veteran focused on growth, driven by aligning executive compensation with company performance and shareholder interests.

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Milan Galik

CEO of Interactive Brokers Group, Inc.

Education

Master of Science degree in Electrical Engineering from the Technical University of Budapest

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Financial Services

Born

January 1, 1966 - 59 years ago

CEO of Interactive Brokers Group, Inc. for

5 years 6 months (Oct 2019 - Present)

Previous Experience

President of Interactive Brokers Group, Inc. and IBG LLC since 2014, Senior Vice President, Software Development from 2003 to 2014

Rivals

Competitors/colleagues of Milan Galik

Vladimir Tenev

Founder and CEO of Robinhood Markets, Inc.

2023 Compensation

Stock

$2.39M

Salary

$34.25K

Bonus

$0.00

Other

$2.40M

Total Holdings

$1.97B

Walter W. Bettinger II

CEO of Charles Schwab Corporation

2023 Compensation

Stock

$23.00M

Salary

$1.50M

Bonus

$4.10M

Other

$17.71K

Total Holdings

$79.25M

Jen-Hsun Huang

Founder and CEO of Nvidia

2023 Compensation

Stock

$61.63M

Salary

$1.00M

Bonus

$4.00M

Other

$2.49M

Total Holdings

$99.30B

William Hult

CEO of Tradeweb Markets Inc.

2023 Compensation

Stock

$11.03M

Salary

$750.00K

Bonus

$3.38M

Other

$55.88K

Total Holdings

$22.19M

Jack Dorsey

Founder and CEO of Block

2023 Compensation

Stock

$0.00

Salary

$2.75

Bonus

$0.00

Other

$0.00

Total Holdings

$980.58K

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 Milan Galik make over time.

Milan Galik's stock holdings have seen a remarkable rise, peaking at approximately $156.3 million as of May 2024. Throughout his leadership, his wealth in company stock has fluctuated significantly, showing his strong investment in the firm's success. For example, in January 2024, his holdings were valued at $116.8 million, steadily climbing from a lower valuation upon taking the CEO position. As of late 2023, he maintained nearly $107 million in holdings. With substantial stock awards granted under Interactive Brokers' incentive plan, this aligns his personal financial success directly with the company's performance, underscoring his commitment to shareholder value. His trading activity suggests he remains highly engaged, actively managing his investments in the company by routinely adjusting his stock portfolio.

Mar 17, 2025

IBKR @ $174.40

Total Stock Sold

$30.15M

IBKR

$30.15M

1,048,400 IBKR shares

What if they kept their stock?

If Milan Galik didn't sell their stock, today they would have:
Extra IBKR1,048,400 shares worth $47.73M.
This is 58.31% and $17.58M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Milan Galik.

IBKR

$5.63M

IBKR at $41.45/share

Dec 31, 2023

Received

IBKR

$4.93M

IBKR at $36.18/share

Dec 31, 2022

Received

IBKR

191 shares

IBKR

Apr 25, 2022

Received

IBKR

$4.39M

IBKR at $39.71/share

Dec 31, 2021

Received

IBKR

113,311 shares

IBKR

Dec 31, 2020

Received

IBKR

114,660 shares

IBKR

Dec 31, 2019

Received

IBKR

94,782 shares

IBKR

Dec 31, 2018

Received

IBKR

$129.80K

IBKR at $61.00/share

Sep 20, 2017

Purchase

IBKR

75,374 shares

IBKR

Dec 31, 2017

Received

IBKR

75,374 shares

IBKR

Dec 31, 2017

Received

Compensation History

See how much did Milan Galik make over time.

Milan Galik's total compensation as CEO of Interactive Brokers Group reflects a mixture of salary, bonuses, and stock awards, focusing on linking pay to company performance. In 2023, his reported total cash compensation reached $15.8 million, a notable increase from previous years due to his significant bonuses, which reward his leadership and the company's growth. His base salary was set at $550,000, while bonuses reached $3.475 million. The majority of his total compensation comes from vested stock awards, reinforcing the idea that he is not just managing the firm but is also deeply invested in its long-term success. This structure incentivizes him to ensure the company thrives, as his own financial well-being is directly tied to the firm’s performance in the market. Galik's compensation strategy is designed to attract and retain top talent while prioritizing the company's long-term value.

Year

2023

Total Compensation

$14.20M

Salary

$550.00K

Board Justification

The compensation of our named executive officers should first and foremost be directly and materially linked to each executive’s individual performance and our overall performance, enhancing long-term value and assisting in attracting and retaining high-quality talent.

Bonus

$3.48M

Board Justification

Cash bonuses awarded to named executive officers in December 2023 for fiscal year 2023 performance ranged from 0% to approximately 630% of the named executive officer’s 2023 base salary, amounting to an aggregate payout of $7,550,000.

Other

$329.51K

Board Justification

Includes director fees, dividend equivalent payments, 401(k) retirement plan match, and vacation payout.

Restricted Stock

$9.84M(126.21K RSU)

Board Justification

Restricted stock units that vested during the year ended December 31, 2023, with a total value realized of $9,842,962.

Performance Metrics

Individual performance and overall company performance evaluated qualitatively without specific financial or operating performance goals.

Other Interactive Brokers Group, Inc. CEOs

Here are other CEOs of Interactive Brokers Group, Inc.

Thomas Peterffy

Founder and Ex-CEO of Interactive Brokers Group, Inc.

January 1978 - September 2019