Cboe Global Markets (CBOE) executive compensation, 2026 proxy

Craig S. Donohue, Chief Executive Officer and President, was paid $18.3M in 2025. The CEO-to-median-employee pay ratio was 102:1, on median employee pay of $197,994.

Filed
April 2, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
8
CEO total pay
$18.3M2025
CEO to median employee
102:1median $197,994
CEO pay in equity
80%$14.7M in awards
Prior say-on-pay support
94%of votes cast
CEO Target Bonus
$2,554In thousands
Say-on-Pay Support
93.5%Prior year support
Median Employee Pay
$197,994Annual total compensation
CEO Pay Ratio
102:1CEO to median employee

How Donohue was paid

$18.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary5%Stock awards80%Non-equity incentive14%All other compensation1%

Named executive officers

ExecutiveTotal
Craig S. DonohueChief Executive Officer and President$18,347,037
Jill M. GriebenowExecutive Vice President, Chief Financial Officer$4,465,234
Christopher A. IsaacsonExecutive Vice President, Chief Operating Officer$5,284,997
Patrick SextonExecutive Vice President, General Counsel and Corporate Secretary$2,930,669
Timothy LipscombExecutive Vice President, Chief Technology Officer$2,170,190
Fredric J. TomczykFormer Chief Executive Officer$11,666,184
David HowsonFormer Executive Vice President, Global President$6,022,543
Catherine R. ClayFormer Executive Vice President, Head of Global Derivatives$3,040,388

What changed and why

  • Craig S. Donohue was appointed as Chief Executive Officer and President effective May 7, 2025.
  • $18.3MTotal compensation for CEO Craig S. Donohue was $18,347,037 for fiscal year 2025.
  • 70%Annual cash incentives were based on corporate performance weighted 70 percent and individual performance weighted 30 percent.
  • 50%Long-term equity incentives consisted of 50 percent time-based RSUs and 50 percent PSUs.
  • 93.5%The say-on-pay proposal received approximately 93.5 percent support at the 2025 annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.