Form 4: Interactive Brokers Grants RSUs to Chief Accounting Officer

Interactive Brokers Group, Inc. granted 11,156 restricted stock units to Chief Accounting Officer Denis Mendonca, vesting over five years.

Summary

• Denis Mendonca, Chief Accounting Officer of Interactive Brokers Group, Inc. (IBKR), was granted 11,156 Class A common stock restricted stock units (RSUs).
• The transaction date for the RSU grant was December 31, 2025, with a deemed execution date of January 5, 2026.
• These RSUs were granted under the 2007 Stock Incentive Plan, as amended.
• The RSUs will vest in installments: 20% on or about May 9, 2026, and 20% on each of the first four anniversaries of May 9, 2026.
• Following this transaction, Denis Mendonca beneficially owns 156,228 shares of Class A common stock.
• This beneficial ownership includes previously vested restricted stock units and unvested restricted stock units awarded under the Plan.
• On June 17, 2025, the issuer effected a four-for-one split of its common stock, which resulted in the Reporting Person's indirect ownership of an additional 108,804 shares of common stock.

Sentiment

Score: 6

Explanation: The filing reports a routine executive compensation event (RSU grant) and the impact of a prior stock split. This is generally a neutral to slightly positive event as it aligns management incentives with shareholder interests, but it does not present new fundamental information that would significantly alter the company's outlook.

Positives

• The grant of restricted stock units aligns the Chief Accounting Officer's long-term interests with those of the shareholders, promoting retention and performance.

Future Outlook

The vesting schedule for the restricted stock units indicates a future commitment to the company's performance over the next five years, with the first vesting occurring in May 2026 and subsequent vestings annually thereafter.

Industry Context

The grant of restricted stock units is a common practice in the financial services industry for executive compensation, aiming to align management incentives with long-term shareholder value creation. This type of equity award is a standard component of compensation packages for senior officers at publicly traded companies like Interactive Brokers.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a form of executive compensation is a widely adopted practice across the financial services sector and broader public markets, consistent with global benchmarks for incentivizing and retaining key management personnel.
• The multi-year vesting schedule (five years) is typical for such grants, designed to foster long-term commitment and performance, aligning with common corporate governance standards.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the Chief Accounting Officer's financial interests with shareholder value creation, potentially leading to more focused long-term decision-making.
• Employees: This transaction is specific to a senior executive and does not directly impact the broader employee base, though it reflects the company's compensation philosophy for key personnel.

Next Steps

• The granted restricted stock units will begin vesting on or about May 9, 2026, with subsequent vesting occurring annually for the next four years.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (RSU grant) and the impact of a prior stock split. It does not contain new material information regarding the company's financial performance, strategic direction, or significant operational changes that would warrant a change in investment recommendation. Investors should consider this a standard disclosure of insider ownership changes.

Keywords

Interactive Brokers, IBKR, Form 4, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Transaction, Stock Incentive Plan, Stock Split