Nelnet CEO Jeffrey Noordhoek's 2021 pay jumps 74% to $2.7M
Nelnet reports 2021 executive compensation
By ExecPay News
Published: April 7, 2022
Nelnet reported fiscal year 2021 executive compensation information on April 7, 2022.
In 2021, five Nelnet executives received on average a compensation package of $2.4M, a 56% increase compared to previous year.
Average pay of disclosed executives at Nelnet
Jeffrey R. Noordhoek, Chief Executive Officer, received $2.7M in total, which increased by 74% compared to 2020. 37% of Noordhoek's compensation, or $1M, was in stock awards. Noordhoek also received $900K in bonus, $783K in salary, as well as $50K in other compensation.
For fiscal year 2021, the median employee pay was $40,517 at Nelnet. Therefore, the ratio of Jeffrey R. Noordhoek's pay to the median employee pay was 67 to one.
James D. Kruger, Chief Financial Officer, received a compensation package of $2.7M, which increased by 83% compared to previous year. 37% of the compensation package, or $1M, was in stock awards.
Terry J. Heimes, Chief Operating Officer, earned $2.7M in 2021, a 63% increase compared to previous year.
Timothy A. Tewes, President, received $2.6M in 2021, which increases by 81% compared to 2020.
Michael S. Dunlap, Chairman, earned $1.2M in 2021, a 22% decrease compared to previous year.
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Source: SEC filing on April 7, 2022.