CMC Markets’ Top Executives Received Over £2.1 Million in Shares as “Incentives”

Three senior executives at CMC Markets (LON: CMCX) have received more than £1.24 million worth of company shares under their “incentive plan,” while two others received almost £900,000 in shares under the “management equity plan.”

CMC Markets Rewarding Senior Executives

The recipients include CMC Markets’ CEO, Lord Peter Cruddas, who received 226,519 units of CMCX shares, and the Deputy CEO, David Fineberg, who received 132,274 units. Matthew Lewis, CMC Markets’ Head of Asia Pacific, also received 155,138 units of CMCX shares. All three received the shares under the company’s “combined incentive plan”.

The two executives who received shares under the “management equity plan” are Laurence Booth, CMC Markets’ Head of Capital Markets, and Christopher Forbes, its Head of Asia. Booth received 309,533 units, while Forbes received 61,906 units.

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Although the shares had a nominal value of 25 pence each, CMCX shares closed on the exchange on Friday at £2.41.

The five also acquired a combined 143,553 units of CMCX shares during the same week, vested under the company’s incentive plan, but sold almost half of them.

CMCX shares rallied earlier this year, but have declined since June. Over the past six months, the market value of CMCX shares has dropped by almost 9 per cent, while the 12-month decline is over 22 per cent.

Lord Cruddas’s Large Payout

Peter Cruddas, CMC Markets’ founder and CEO, remains the company’s largest shareholder, holding around 64 per cent of the stock. According to the broker’s latest financials, Lord Cruddas’ basic salary in the last fiscal year was £700,000, along with a bonus of £365,900. He also received about £14.5 million in dividends from the company last year.

Read more: CMC Markets Ends FY25 with 33% Annual Profit Jump

Institutional investors, led by Aberforth and Schroders, hold significant minority stakes of around 5 per cent each. Combined institutional ownership in the company stands at roughly 20 to 25 per cent, with the rest held by retail investors, employees, and others.

FinanceMagnates.com earlier reported that Victoria Fineberg, a “person closely associated” with CMC Markets’ Deputy CEO, sold 100,000 CMCX shares worth around £252,000.

Meanwhile, the Deputy CEO continues to acquire shares in the company. According to previous RNS filings, he purchased over £420,000 worth of CMCX shares last March through his personal self-invested pension plan account. He earned just under £1 million in salary during the last fiscal year.