Form 4: Interactive Brokers Director William Peterffy Receives Annual Stock Grant

William Peterffy, a director at Interactive Brokers Group, received 142 shares of Class A common stock as part of his annual board compensation.

Summary

• William Peterffy, a director of Interactive Brokers Group, received 142 shares of Class A common stock on December 31, 2024.
• The shares were granted as part of his annual compensation for being a member of the board of directors.
• The grant was made under the company's 2007 Stock Incentive Plan, as amended.
• The shares vested immediately on the grant date.
• The price of the stock at the time of the grant was $176.67 per share.
• Mr. Peterffy's total holdings include both vested and unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of stock aligns the director's interests with those of the shareholders.
• The immediate vesting of the shares provides an immediate incentive for the director.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity ownership.

Comparison to Industry Standards

• Stock grants are a common form of compensation for directors in the financial services industry.
• Companies like Charles Schwab, TD Ameritrade, and other brokerage firms often use similar stock-based compensation plans for their board members.
• The amount of stock granted is generally aligned with the company's size, performance, and the director's role.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Interactive Brokers, William Peterffy, stock grant, director compensation, Class A common stock, stock incentive plan, restricted stock units, board of directors