How Noordhoek was paid
$2.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Jeffrey R. NoordhoekChief Executive Officer | $906,921 | $1,000,000 | $275,114 | $61,385 | $2,243,420 |
| Terry J. HeimesChief Operating Officer | $906,921 | $1,112,592 | $275,114 | $73,961 | $2,368,588 |
| James D. KrugerChief Financial Officer | $906,921 | $1,150,123 | $275,114 | $57,503 | $2,389,661 |
| Timothy A. TewesPresident | $906,921 | $1,150,123 | $275,114 | $44,308 | $2,376,466 |
| DeeAnn K. WengerPresident, Nelnet Business Services | $500,345 | $537,531 | $500,077 | $57,964 | $1,595,917 |
What changed and why
- $2.2MChief Executive Officer Jeffrey R. Noordhoek received total compensation of $2,243,420 in fiscal year 2025, an increase from $1,555,613 in fiscal year 2024.
- Salaries for executive officers were increased during the fiscal year 2025 compared to the prior year.
- Annual performance-based incentive bonuses were paid at the discretion of the Board of Directors.
- Executives could elect their annual performance bonus in cash, stock, or a combination thereof.
- 15%Executives electing stock received an additional 15% in shares to promote share ownership.
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.