CBOECboe Global Markets
Deals with insiders in the proxy filed 2026-04-02
Deals between CBOE and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-03.
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“and any executive officer, director or holder of more than 5% of our common stock, or any immediate family member of such person, must be approved or ratified by the Committee in accordance with the terms of the policy. Since January 1, 2025, there were no transactions in which Cboe Global Markets or any of its subsidiaries was a party, in which the amount involved exceeded $120,000 and in which a director, a director nominee, an executive officer, a security holder known to own more than 5% of our common stock, or an immediate family member of any of the foregoing had, or will have, a direct or indirect material interest. The Audit Committee has pre-approved transactions by our directors or director nominees that are due to such director or nominee being a Trading Permit Holder, Trading Privilege Holder, participant or member, or affiliated with a Trading Permit Holder, Trading Privilege Holder, participant or member firm, on one of our exchanges;”
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Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“provided that the amounts paid or received in such transactions are based on a set fee or rebate schedule applicable to all similarly situated Trading Permit Holders, Trading Privilege Holders, participants or members.”
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No longer reported 4 paragraphs of the proxy filed 2025-04-03 with nothing like them this year
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“Phil Ratterman, the brother of Joe Ratterman, one of our former directors who resigned February 5, 2024, was formerly the Vice President of Software Development at Bats and an independent contractor of the Company.”
Read it in last year's proxy ↗
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“Phil Ratterman now serves as an employee, providing software development services to the Company. The Company paid Phil Ratterman approximately $250,000 in salary as an employee in 2024. Phil Ratterman's compensation was established by the Company in accordance with its compensation practices applicable to employees with comparable qualifications and responsibilities, holding similar positions and without the involvement of Joe Ratterman, including with respect to any salary negotiations.”
Read it in last year's proxy ↗
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“The Company has long-term business relationships with several providers of market indices and some of those providers may be or may have been affiliated with members of the Board. For example, Mr. Matturri, a member of the Board, is the retired CEO of S&P Dow Jones Indices LLC, and as disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company is party to a license with S&P pursuant to which the Company has the exclusive right to offer exchange-listed options contracts in the U.S. on the S&P 500 Index, the S&P 100 Index, and the S&P Select Sector Indices through December 31, 2033, with an exclusive license to trade options on the S&P 500 Index through December 31, 2032. The Company believes that such relationships involved terms no less favorable to the Company than those that it believes would have been obtained in the absence of such affiliation.”
Read it in last year's proxy ↗
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“Some of the companies or their respective affiliates that may be or may have been affiliated with members of the Board are our customers, including trading permit holders, trading privilege holders, participants or members (collectively "Participants"), engage in trading activities on Company exchanges, or have engaged in, and may in the future engage in investment banking and other commercial dealings in the ordinary course of business with the Company or its affiliates. In addition, certain of the Participants are clearing members of the Options Clearing Corporation, and, as such, these Participants clear the market-maker sides of transactions at Company exchanges. Ms. Mansfield, a member of the Board, is a retired Managing Director at Barclays PLC and former Vice President at Goldman Sachs & Co. LLC, and as disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, affiliates of Goldman Sachs Bank USA and Barclays Capital Inc. are or were agents and/or lenders under Cboe Global Markets' revolving credit facility and/or the Cboe Clear Europe credit facility, and are or were our customers, including trading permit holders, trading privilege holders, participants or members. They have received, or may in the future receive, customary fees and commissions for these transactions. The Company believes that such relationships involved terms no less favorable to the Company than those that it believes would have been obtained in the absence of such affiliations.”
Read it in last year's proxy ↗
New wording of the review policy 1 paragraph without an amount or a name
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“From time to time, we may participate in arms' length transactions with entities formerly affiliated with our related persons in the ordinary course of business. The Company believes that such transactions involve terms no less favorable to the Company than those that it believes would have been obtained in the absence of such former affiliations.”
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The whole section
3 paragraphs quoted as filed
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“and any executive officer, director or holder of more than 5% of our common stock, or any immediate family member of such person, must be approved or ratified by the Committee in accordance with the terms of the policy. Since January 1, 2025, there were no transactions in which Cboe Global Markets or any of its subsidiaries was a party, in which the amount involved exceeded $120,000 and in which a director, a director nominee, an executive officer, a security holder known to own more than 5% of our common stock, or an immediate family member of any of the foregoing had, or will have, a direct or indirect material interest. The Audit Committee has pre-approved transactions by our directors or director nominees that are due to such director or nominee being a Trading Permit Holder, Trading Privilege Holder, participant or member, or affiliated with a Trading Permit Holder, Trading Privilege Holder, participant or member firm, on one of our exchanges;”
Read it in the proxy ↗
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“provided that the amounts paid or received in such transactions are based on a set fee or rebate schedule applicable to all similarly situated Trading Permit Holders, Trading Privilege Holders, participants or members.”
Read it in the proxy ↗
Committee has adopted a related-party transactions approval policy. Under this policy, transactions between us“From time to time, we may participate in arms' length transactions with entities formerly affiliated with our related persons in the ordinary course of business. The Company believes that such transactions involve terms no less favorable to the Company than those that it believes would have been obtained in the absence of such former affiliations.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗