StoneX Group Inc. (NASDAQ:SNEX), owner of Forex brands such as FOREX.com and City Index, disclosed Details for the compensation of its executives for 2023.
For fiscal year 2023, the company’s five named executive officers were Sean M. O’Connor, who served as the Company’s CEO and President, William J. Dunaway, who served as the Company’s Chief Financial Officer, Glenn Stevens , who was Head of Retail and Foreign Exchange, Philip Smith, who was CEO of StoneX Financial Ltd and Charles Lyon, who was CEO of StoneX Financial Inc.
The annual base salary for Glenn Stevens in 2023 was $500,000.
The bonus is $450,000. With respect to Mr. Stevens, the bonus amount includes a deferred cash award for services rendered in fiscal year 2023, fiscal year 2022, fiscal year 2021 and fiscal year 2020, which was structured to reflect restricted stock awards made by GAIN to the executive in the past years.
Equity awards total $1.25 million. Non-equity incentive plan compensation equals $3.38 million.
Total compensation for 2023 was $5.59 million, up from $6.04 million in 2022.
Glenn Stevens joined StoneX as Head of Retail and Foreign Exchange on August 1, 2020, following the acquisition of GAIN Capital, and now has global responsibility for StoneX’s retail line. Mr. Stevens was the founder and CEO of GAIN for over twenty years, building a business that offers retail traders the ability to trade a variety of financial products.
Mr. Stevens has over thirty-five years of experience in financial markets with a focus on foreign exchange products.
Prior to GAIN, Mr. Stevens held various senior roles for major financial institutions including NatWest Bank, Bank of America (Merrill Lynch) and Bankers Trust.