Nelnet CEO Jeffrey Noordhoek's 2018 pay rises 3% to $1.8M
Nelnet reports 2018 executive compensation
By ExecPay News
Published: April 12, 2019
Nelnet reported fiscal year 2018 executive compensation information on April 12, 2019.
In 2018, five Nelnet executives received on average a compensation package of $1.5M, a 5% increase compared to previous year.
Average pay of disclosed executives at Nelnet
Jeffrey R. Noordhoek, Chief Executive Officer, received $1.8M in total, which increased by 3% compared to 2017. 58% of Noordhoek's compensation, or $1M, was in bonus. Noordhoek also received $716K in salary and $38K in other compensation.
For fiscal year 2018, the median employee pay was $44,153 at Nelnet. Therefore, the ratio of Jeffrey R. Noordhoek's pay to the median employee pay was 40 to one.
Terry J. Heimes, Chief Operating Officer, received a compensation package of $1.7M, which increased by 7% compared to previous year. 56% of the compensation package, or $962K, was in bonus.
Timothy A. Tewes, President, earned $1.3M in 2018, a 8% increase compared to previous year.
James D. Kruger, Chief Financial Officer, received $1.3M in 2018, which increases by 6% compared to 2017.
Michael S. Dunlap, Chairman, earned $1.2M in 2018, a 1% increase compared to previous year.
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Source: SEC filing on April 12, 2019.