Stephen M. Merkel

Chief Legal OfficeratBGC Group· In proxies 2021–2025

Pay in FY2025+9% from the year before · BGC Group stock -1.4% the same year

Stephen M. Merkel was paid $3.0M in FY2025 (Dec), up 9%. BGC Group stock fell 1.4% that year.

Pay$100 in the stock at the end of FY20 → $227

Pay is from the Summary Compensation Table of each BGC Group proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Experience

NMRK
Newmark GroupPublic company · 4 yr
- Chief Legal Officer2022 – Present · 4 yrNo stock prices for these years
BGC
BGC GroupPublic company · 5 yr
- Executive Vice President and General Counsel2021 – Present · 5 yrStock in role +181%

Roles come from the proxy statements of each company.

Activity

Pay
Newmark Group Chair pay rose 10% to $1.6M. The stock rose 17% in FY2024 (Dec).
DEF 14ANov 17, 2025
Pay
BGC Group Chair pay rose 20% to $2.8M. The stock rose 25% in FY2024 (Dec).
DEF 14ASep 30, 2025
Pay
BGC Group Chair pay rose 15% to $2.3M. The stock rose 92% in FY2023 (Dec).
DEF 14AAug 2, 2024
Pay
BGC Group Chair pay rose 14% to $2.0M. The stock fell 18% in FY2022 (Dec).
DEF 14AAug 2, 2024

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