Nelnet COO Terry Heimes' 2020 pay slips 1% to $1.6M
Nelnet reports 2020 executive compensation
By ExecPay News
Published: April 8, 2021
Nelnet reported fiscal year 2020 executive compensation information on April 8, 2021.
In 2020, 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
Terry J. Heimes, Chief Operating Officer, received $1.6M in total, which decreased by 1% compared to 2019. 50% of Heimes' compensation, or $817K, was in bonus. Heimes also received $760K in salary and $65K in other compensation.
For fiscal year 2020, the median employee pay was $41,459 at Nelnet. Therefore, the ratio of Terry J. Heimes' pay to the median employee pay was 40 to one.
Jeffrey R. Noordhoek, Chief Executive Officer, received a compensation package of $1.6M, which decreased by 6% compared to previous year. 48% of the compensation package, or $760K, was in bonus.
Michael S. Dunlap, Chairman, earned $1.5M in 2020, a 26% increase compared to previous year.
James D. Kruger, Chief Financial Officer, received $1.5M in 2020, which increases by 2% compared to 2019.
Timothy A. Tewes, President, earned $1.5M in 2020, a 1% decrease compared to previous year.
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Source: SEC filing on April 8, 2021.