StoneX Group Inc. (NASDAQ:SNEX), owner of Forex brands such as FOREX.com and City Index, has revealed details about 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 Chief Executive Officer and President of the Company, William J. Dunaway, who served as the Chief Financial Officer of the Company, Glenn Stevens, who served as Head of Retail and Foreign Exchange, Philip Smith, who served as Chief Executive Officer of StoneX Financial Ltd, and Charles Lyon, who served as Chief Executive Officer 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 2021and fiscal year 2020, which was structured to mirror restricted stock awards made by GAIN to the executive in prior years.
The stock awards amount to $1.25 million. Non-Equity Incentive Plan Compensation equals $3.38 million.
The total compensation for 2023 amounted to $5.59 million, down from $6.04 million for 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 segment line. Mr. Stevens was a founder and Chief Executive Officer of GAIN for over twenty years, building a business offering retail traders the ability to trade various financial products.
Mr. Stevens has over thirty-five years experience in financial markets focusing on foreign exchange products.
Prior to GAIN, Mr. Stevens held various senior roles for large financial institutions including NatWest Bank, Bank of America (Merrill Lynch) and Bankers Trust.
