Freedom Holding (FRHC) executive compensation, 2025 proxy

Timur Turlov, CEO and Chairman, was paid $7.5M in fiscal 2025, down 12% from $8.5M the year before. The CEO-to-median-employee pay ratio was 952:1, on median employee pay of $7,887.

Filed
July 29, 2025
Annual meeting
September 29, 2025
Pay year
fiscal 2025
Named executives
5
CEO total pay
$7.5M-12% vs prior year
CEO to median employee
952:1median $7,887
President total compensation
$4,156,760Askar Tashtitov
CFO total compensation
$3,789,833Evgeny Ler
President stock awards
$860,000Granted July 9, 2025
CFO stock awards
$781,000Granted July 9, 2025
CLO stock awards
$500,000Granted July 9, 2025
Unvested stock awards
$5,604,008Sergey Lukyanov at year-end

How Turlov was paid

$7.5M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary33%Bonus57%All other compensation10%

Named executive officers

ExecutiveTotal
Timur TurlovCEO and Chairman$7,512,043
Askar TashtitovPresident$4,156,760
Evgeny LerCFO$3,789,833
Jason KerrCLO and Acting Corporate Secretary$2,050,949
Sergey LukyanovChairman of the Management Board of Freedom KZ$1,169,424

What changed and why

  • $7.5M$7,512,043 CEO total compensation decreased from $8,492,310 in fiscal 2024.
  • $4.3M$4,278,220 CEO bonus decreased from $5,000,000 in fiscal 2024.
  • $2.1M$2,141,000 in stock awards were granted to three non-CEO executives.
  • 952:1 CEO-to-median-employee pay ratio was reported for fiscal 2025.
  • $7,887$7,887 was the median employee’s annual total compensation.
  • $2.8M$2,802,004 was the value realized by Sergey Lukyanov on vested stock awards.

Other Freedom Holding proxy statements

  • 2026 proxy statement

    Timur Turlov paid $17M (+127% on the year), pay ratio 1,220:1.

    Filed Jul 29, 2026

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.