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...

Number of Employees

0

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.

SEC Filing

From March 18, 2024