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BGC Group Executive Compensation (FY24)

BGC · Executive and director compensation, fiscal 2022 to 2024

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Data as of September 10, 2026Latest filing (8-K): November 13, 2025
10 filings cited on this page
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BGC Group brief$1,500Get the executive brief
135 figures on this page: 128 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Chief executive, fiscal 2024
◇
Sean Windeatt
Latest say-on-pay support
=
November 12, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Sean Windeatt: $4,789,179 → $3,898,522 (18.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is BGC Group's chief executive and what were they paid?
Sean Windeatt, Chief Executive Officer, received $3,898,522 in total compensation for fiscal 2024. Compared with the $4,789,179 reported for fiscal 2023, Windeatt's total was 18.6% lower.
What was BGC Group's say-on-pay result?
The say-on-pay proposal drew 93.6% of votes cast for or against in favor at the meeting held November 12, 2025 for fiscal 2024.
Which companies are in BGC Group's peer group?
The disclosed peer group names CME Group, Inc., Compagnie Financière Tradition SA, Evercore Inc., Houlihan Lokey, Inc. and Interactive Brokers Group, Inc., among others.
What is BGC Group's chief executive pay ratio?
For fiscal 2024, the company reported a chief executive pay ratio of 117:1, against median employee compensation of $128,205.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Howard Lutnick
Chairman and Chief Executive Officer
◇———◇——◇
Sean Merkel
President and Chief Legal Officer
◇———◇——◇
Jason Hauf
Chief Financial Officer
◇———◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Howard Lutnick
Former Chairman of the Board of Directors and Chief Executive Officer
◇—◇—◇——◇
Sean Windeatt
Chief Operating Officer
◇—◇—◇—◇◇
Shaun Windeatt
Chief Operating Officer
◇—◇—◇—◇◇
Stephen Merkel
Executive Vice President and General Counsel
◇———◇——◇
Sean Merkel
President and Chief Legal Officer
◇———◇——◇
Jason Hauf
Chief Financial Officer
◇———◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Howard Lutnick
Former Chairman of the Board of Directors and Chief Executive Officer
Departed during or after this year
◇———◇——◇
Sean Windeatt
Chief Executive Officer
◇———◇——◇
Stephen Merkel
Chairman
◇———◇——◇
Jason Hauf
Chief Financial Officer
◇———◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jason HaufPSU——————◇
Sean WindeattRSU———◇———
Sean WindeattRSU———◇——◇
Sean WindeattRSA———◇———
Stephen MerkelPSU——————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jason HaufRSU◇◇——
RSU◇◇——
RSU◇◇——
Sean WindeattRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen MerkelRSU◇◇——
RSU◇◇——
Howard LutnickRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Howard Lutnick
Former Chairman of the Board of Directors and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Sean Windeatt
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Stephen Merkel
General Counsel · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Arthur U. Mbanefo
◇◇————◇
Linda A. Bell
◇◇————◇
William Addas
◇◇————◇
David P. Richards
◇◇————◇
Stephen M. Merkel, Brandon G. Lutnick and Howard W. Lutnick served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • CME Group, Inc. CME
  • Compagnie Financière Tradition SA symbol not shown
  • Evercore Inc. EVR
  • Houlihan Lokey, Inc. HLI
  • Interactive Brokers Group, Inc. IBKR
  • Intercontinental Exchange, Inc. ICE
  • Lazard Ltd. LAZ
  • LPL Financial Holdings Inc. LPLA
  • MarketAxess Holdings, Inc. MKTX
  • Nasdaq, Inc. NDAQ
  • Oppenheimer Holdings Inc. OPY
  • Piper Sandler Companies PIPR
  • Raymond James Financial, Inc. RJF
  • Stifel Financial Corp. SF
  • The Charles Schwab Corporation SCHW
  • TP ICAP Group plc symbol not shown
  • Tradeweb Markets Inc. TW
  • Virtu Financial, Inc. VIRT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024November 12, 2025=◇◇◇
2023September 16, 2024=◇◇◇
2022November 14, 2023=◇◇◇
2021December 30, 2022=◇◇◇
2020November 22, 2021=◇◇◇
2019June 11, 2020=◇◇◇
2016June 6, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact BGC Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where BGC Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
135 figures on this page: 128 cited to the filing that reported them, 7 calculated from figures it prints.
128 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001213900-25-110021
    Item 5.07 . Submission of Matters to a Vote of Security Holders .
  2. 0001213900-25-093426
    Compensation Discussion and Analysis · EXECUTIVE COMPENSATION INFORMATION
  3. 0001213900-24-079456
    Item 5.07 . Submission of Matters to a Vote of Security Holders .
  4. 0001213900-24-064363
    Summary Compensation Table
  5. 0001193125-23-278807
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-23-244759
    Summary Compensation Table
  7. 0001193125-22-315504
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001628280-21-024050
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-20-029193
  10. 0001193125-17-200037
    Item 5.07 Submission of Matters to a Vote of Security Holders
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This page is free to cite. Attribution we ask for:
Velarion, “BGC Group executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/BGC (accessed 2026).
Short form: data: Velarion

The BGC Group brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers BGC Group discloses

The companies named in BGC's own disclosed peer group.

CME Group, Inc.Evercore Inc.Houlihan Lokey, Inc.Interactive Brokers Group, Inc.Intercontinental Exchange, Inc.Lazard Ltd.LPL Financial Holdings Inc.MarketAxess Holdings, Inc.Nasdaq, Inc.Oppenheimer Holdings Inc.Piper Sandler CompaniesRaymond James Financial, Inc.Stifel Financial Corp.The Charles Schwab CorporationTradeweb Markets Inc.Virtu Financial, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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