Form 4: Interactive Brokers Group Director, Nicole Yuen, Receives Annual Stock Grant

Director Nicole Yuen received an annual grant of restricted stock units from Interactive Brokers Group, Inc. on December 31, 2024, and reported the transaction on January 7, 2025.

Summary

• Nicole Yuen, a director at Interactive Brokers Group, Inc., received 142 shares of Class A common stock on December 31, 2024, as part of an annual grant under the company's 2007 Stock Incentive Plan.
• The grant was awarded for her service as a member of the Board of Directors and vested immediately.
• The price of the stock on the transaction date was $176.67.
• Following the transaction, Yuen directly owns 2,337 shares of Class A common stock, including vested and unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) for a board member, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The grant of restricted stock units to a director aligns her interests with those of the shareholders.
• Immediate vesting of the shares could be seen as a positive incentive for continued service on the board.

Industry Context

Stock grants to board members are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Comparison to Industry Standards

• Stock grants to directors are a common practice across the financial services industry.
• Companies like Charles Schwab (SCHW) and Robinhood (HOOD) also utilize stock-based compensation for their board members.
• The size and vesting schedule of these grants can vary based on company size, performance, and individual contributions.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates