Nelnet CEO Jeffrey Noordhoek's 2019 pay slips 7% to $1.7M
Nelnet reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Nelnet reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, five Nelnet executives received on average a compensation package of $1.5M, a 3% increase compared to previous year.
Average pay of disclosed executives at Nelnet
Jeffrey R. Noordhoek, Chief Executive Officer, received $1.7M in total, which decreased by 7% compared to 2018. 54% of Noordhoek's compensation, or $892K, was in bonus. Noordhoek also received $738K in salary and $37K in other compensation.
For fiscal year 2019, the median employee pay was $42,595 at Nelnet. Therefore, the ratio of Jeffrey R. Noordhoek's pay to the median employee pay was 39 to one.
Terry J. Heimes, Chief Operating Officer, received a compensation package of $1.7M, which decreased by 3% compared to previous year. 54% of the compensation package, or $892K, was in bonus.
Timothy A. Tewes, President, earned $1.5M in 2019, a 16% increase compared to previous year.
James D. Kruger, Chief Financial Officer, received $1.5M in 2019, which increases by 14% compared to 2018.
Michael S. Dunlap, Chairman, earned $1.2M in 2019, a 2% decrease compared to previous year.
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Source: SEC filing on April 9, 2020.