Bank of America just raised its EUR/USD forecast
Cboe Global Markets, Inc. (CboeBZX:NYSE:CBOE), currently trading near its 52-week high at $227.60, has approved increases to the annual equity incentive awards for two of its executives, Chris Isaacson and Patrick Sexton, following their expanded global leadership roles. The company, which according to InvestingPro data maintains excellent financial health with strong profitability metrics, made this announcement in a Thursday SEC filing.
On Monday, the company’s Compensation Committee and Board of Directors approved raising Mr. Isaacson’s target annual equity award to $2,625,000. For 2025, this includes awards with a target value of $1,875,000 previously granted on February 19, and special awards with a target value of $439,726 to be granted on July 15. The special awards represent a prorated portion of the increase from June 1 through year-end and will be split evenly between restricted stock units (RSUs) and performance share units. The RSUs will vest in three equal annual installments beginning February 19, 2026, while the performance share units are subject to pre-determined goals related to earnings per share and total shareholder return, vesting at the conclusion of a three-year performance period, contingent on Mr. Isaacson’s continued employment.
Similarly, Mr. Sexton’s target annual equity award was increased to $1,310,000. For 2025, this includes $1,110,000 in awards previously granted on February 19 and special awards totaling $117,260 to be granted on July 15, also representing a prorated portion of the increase. These awards will be divided equally between RSUs, vesting over three years starting February 19, 2026, and performance share units tied to earnings per share and total shareholder return targets, vesting after three years, subject to Mr. Sexton’s ongoing employment.
The information is based on a press release statement contained in Cboe Global Markets’ recent SEC filing.
In other recent news, Cboe Global Markets reported a mixed trading volume for May 2025, with multiply-listed options contracts experiencing a 27.6% year-over-year increase, though this was a 4.1% decrease from the previous month. Index options also rose 14.7% from the previous year despite a 14.9% drop from April 2025. Meanwhile, trading in futures contracts declined by 22.5% from May 2024 and 46.4% from the previous month. In another development, Cboe has migrated its bitcoin and ether futures to the Cboe Futures Exchange, aiming to enhance customer access and efficiency through a unified platform. Jefferies raised its price target for Cboe to $233, driven by stronger-than-expected index options and European equities volume, while UBS maintained a Neutral rating with a $245 target, noting strong trading volumes. Raymond (NSE:RYMD) James reiterated its Market Perform rating, expressing uncertainty about the sustainability of Cboe’s growth in its index options complex. These updates reflect ongoing strategic and operational shifts at Cboe, impacting various market segments.
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