Sundar PichaiSundar Pichai earned $164M in 2023

Phupinder S. Gill was the CEO of CME Group Inc., a major player in the financial markets. His journey with the company started in 1988, and he worked his way up to CEO in 2012 after serving as President and...

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Phupinder S. Gill

Ex-CEO of CME Group

Education

MBA from University of Chicago

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1961 - 64 years ago

CEO of CME Group for

4 years 7 months (May 2012 - Dec 2016)

Previous Experience

Joined CME in 1988, held various roles including President and COO

Holdings

See how much did Phupinder S. Gill make over time.

As Chief Executive Officer of CME Group, Phupinder S. Gill held a substantial amount of equity throughout his tenure. His holdings peaked around the time he transitioned to CEO, reflecting his commitment to aligning his interests with those of shareholders....

Mar 18, 2025

Total Stock Sold

$22.73M

CME

$22.73M

263,127 CME shares

What if they kept their stock?

If Phupinder S. Gill didn't sell their stock, today they would have:
Extra CME263,127 shares worth $46.52M.
This is 104.67% and $23.79M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Phupinder S. Gill.

CME

$3.30M

CME at $110.00/share

Sep 19, 2016

Sale

CME

17,156 shares

CME

Sep 15, 2016

Received

CME

$2.10M

CME at $104.54/share

Aug 15, 2016

Sale

CME

$2.90M

CME at $93.14/share

Jun 28, 2016

Sale

CME

29,716 shares

CME

Mar 15, 2016

Received

CME

10,500 shares

CME

Sep 15, 2015

Received

CME

$2.84M

CME at $96.39/share

Aug 3, 2015

Sale

CME

$470.10K

CME at $94.02/share

Jun 1, 2015

Sale

CME

$2.99M

CME at $99.76/share

Mar 20, 2015

Sale

CME

12,528 shares

CME

Sep 14, 2014

Received

Compensation History

See how much did Phupinder S. Gill make over time.

Phupinder S. Gill's compensation during his time at CME Group was impressive. In 2022, he earned a total of $5.5 million, which included a base salary of $1.5 million and a substantial bonus of $4 million. The bonus reflected his strong focus on company performance metrics, with a target of 200% of his salary based on achievements. Over the years, Gill received various equity awards that were designed to align his interests with those of the shareholders, guaranteeing that he benefitted directly from the company's success. In 2016, just before his retirement, he had a significant payout that included fully vested stock worth $8.6 million, along with a lump-sum retirement payment that was twice his annual salary. This aligns with CME's policy of linking compensation to performance and shareholder value, which was a key part of his leadership strategy.

Year

2022

Total Compensation

$17.36M

Salary

$1.50M

Board Justification

CME Group's compensation philosophy for the CEO in 2022 focused on aligning pay with performance, ensuring competitive compensation to attract and retain top talent, and linking a significant portion of the compensation to the company's financial performance and shareholder value creation.

Bonus

$4.00M

Board Justification

The bonus structure for Phupinder S. Gill in 2022 was based on the company's performance metrics, including cash earnings. The target bonus was set at 200% of the base salary, with a maximum potential of 400% if performance exceeded expectations. The actual bonus awarded was $4,000,000, reflecting the company's strong performance in 2022.

Other

$0.00

Board Justification

There were no other forms of compensation that vested or were paid out to Phupinder S. Gill in 2022.

Restricted Stock

$11.86M(165.74K RSU)

Board Justification

The vested stock for Phupinder S. Gill in 2022 consisted of restricted stock awards that became fully vested on December 31, 2022, as per the terms of his employment agreement. These shares were part of a long-term incentive plan designed to align the CEO's interests with those of the shareholders.

Performance Metrics

The performance metrics for determining Phupinder S. Gill's compensation in 2022 included cash earnings, which is a key indicator of the company's operational and financial performance. This metric is also used to determine the regular quarterly dividend payments, aligning the CEO's incentives with shareholder interests.