Terrence A. Duffy is the CEO and Chairman of CME Group, a major player in the derivatives marketplace. Under his leadership, CME Group has seen impressive growth, notably a 25% increase in stock price in 2023, driving a total shareholder...

Number of Employees

0

Year

2022

Total Compensation

$22.23M

Salary

$2.00M

Board Justification

CME Group's compensation philosophy is to align executive compensation with company performance and shareholder interests. The program is designed to attract and retain top talent, motivate executives to achieve strategic goals, and reward financial performance without encouraging excessive risk-taking.

Bonus

$7.77M

Board Justification

The annual bonus for Terrence A. Duffy was based on the achievement of cash earnings at 119.2% of the target level performance. The bonus was calculated as 196% of the target bonus opportunity, which was set at 200% of his base salary. The bonus was awarded without any additional discretion applied by the compensation committee.

Other

$606.01K

Board Justification

Other compensation includes 401(k) company contributions, supplemental plan contributions, and life insurance premiums paid by the company.

Restricted Stock

$11.86M(165.74K Restricted Stock)

Board Justification

The vested stock includes restricted stock awards that vested on December 31, 2022, as per the terms of Mr. Duffy's employment agreement.

Performance Metrics

The primary performance metric for determining the CEO's compensation in 2022 was cash earnings, which is a key component for measuring the company's growth and is used for determining regular quarterly dividend payments.

SEC Filing

From March 18, 2024