Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-02

Moodys (MCO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$18,082,565
Robert Fauber total, FY2025
14th
CEO pay percentile vs peers
146:1
CEO-to-median pay ratio
96.18%
Say-on-pay support, latest vote
Companies that benchmark against MCO
14 companies name MCO as a compensation peer

Each company listed discloses MCO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MCO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Fauber$1,100,000$0$11,359,903$2,840,080$2,226,000$514,370$42,212$18,082,565
President and Chief Executive Officer
Michael West750,00002,800,074700,0311,296,2030253,4685,799,776
President of Moody's Ratings
Noémie Heuland750,00002,839,591710,0201,050,000094,5005,444,111
Senior Vice President and Chief Financial Officer
Stephen Tulenko505,76902,800,074700,0310558,729855,6765,420,280
Former President of Moody's Analytics
Richard Steele570,00001,439,554359,923607,326167,93628,4873,173,226
Senior Vice President and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Robert Fauber$18,082,565$14,387,659
Michael West5,799,7764,057,301
Noémie Heuland5,444,111
Stephen Tulenko5,420,2804,321,206
Richard Steele3,173,2261,409,163

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael WestPresident, Moody's Investors2026-03-04D4,250$474$2,013,301CommonForm 4 ↗
Noémie HeulandSVP & Chief Financial Officer2026-03-04D10046646,587CommonForm 4 ↗
Jason D. PhillipsChief Acctg Off & Controller2026-03-04D333.12473157,437CommonForm 4 ↗
Jorge A. BermudezDirector2026-03-13A2000CommonForm 4 ↗
Jose M. MinayaDirector2026-03-13A10.3600CommonForm 4 ↗
Leslie F. SeidmanDirector2026-03-13A5.8400CommonForm 4 ↗
Leslie F. SeidmanDirector2026-03-13A1700CommonForm 4 ↗
Vincent A. ForlenzaDirector2026-03-13A22.0700CommonForm 4 ↗
Dividend-equivalent accruals2026-03-135~2,1732 insiders, 2 accrual rows
Bruce Van SaunDirector2026-03-13A18.6900CommonForm 4 ↗
Bruce Van SaunDirector2026-03-13A800CommonForm 4 ↗
Thérèse EsperdyDirector2026-03-13A15.8900CommonForm 4 ↗
Jorge A. BermudezDirector2026-03-13A1.4800CommonForm 4 ↗
Lisa P. SawickiDirector2026-03-16A52800CommonForm 4 ↗
Robert FauberDirector2026-04-01A59211367,097CommonForm 4 ↗
Robert FauberDirector2026-04-01D575438251,718CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-04-01D3443814,884CommonForm 4 ↗
Robert FauberDirector2026-04-01A57516896,313CommonForm 4 ↗
Robert FauberDirector2026-04-01D300438131,331CommonForm 4 ↗
Dividend-equivalent accruals2026-04-011,1671 insider, 2 accrual rows
Richard SteeleSVP - General Counsel2026-04-01D12443854,283CommonForm 4 ↗
Robert FauberDirector2026-04-01D592438259,160CommonForm 4 ↗
Jose M. MinayaDirector2026-04-01A93.3943940,977Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-05-011,1671 insider, 2 accrual rows
Richard SteeleSVP - General Counsel2026-05-01D15846673,690CommonForm 4 ↗
Robert FauberDirector2026-05-01A59211367,097CommonForm 4 ↗
Robert FauberDirector2026-05-01A57516896,313CommonForm 4 ↗
Robert FauberDirector2026-05-01D1,167466544,277CommonForm 4 ↗
Robert FauberDirector2026-05-01D300466139,917CommonForm 4 ↗
Robert FauberDirector2026-06-01D300454136,101CommonForm 4 ↗
Robert FauberDirector2026-06-01D1,167454529,433CommonForm 4 ↗
Dividend-equivalent accruals2026-06-011,1671 insider, 2 accrual rows
Richard SteeleSVP - General Counsel2026-06-01D15845471,680CommonForm 4 ↗
Robert FauberDirector2026-06-01A57516896,313CommonForm 4 ↗
Robert FauberDirector2026-06-01A59211367,097CommonForm 4 ↗
Vincent A. ForlenzaDirector2026-06-05A16.5500CommonForm 4 ↗
Jose M. MinayaDirector2026-06-05A6.6300CommonForm 4 ↗
Jorge A. BermudezDirector2026-06-05A1900CommonForm 4 ↗
Jorge A. BermudezDirector2026-06-05A1.4200CommonForm 4 ↗
Leslie F. SeidmanDirector2026-06-05A2.3100CommonForm 4 ↗
Lisa P. SawickiDirector2026-06-05A1.2100CommonForm 4 ↗
Dividend-equivalent accruals2026-06-055~2,2852 insiders, 2 accrual rows
Bruce Van SaunDirector2026-06-05A700CommonForm 4 ↗
Leslie F. SeidmanDirector2026-06-05A1600CommonForm 4 ↗
Bruce Van SaunDirector2026-06-05A14.5900CommonForm 4 ↗
Thérèse EsperdyDirector2026-06-05A11.9100CommonForm 4 ↗
Robert FauberDirector2026-07-01A59211367,097CommonForm 4 ↗
Dividend-equivalent accruals2026-07-011,1671 insider, 2 accrual rows
Robert FauberDirector2026-07-01D1,167455531,557CommonForm 4 ↗
Robert FauberDirector2026-07-01A57516896,313CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-07-01D15745571,512CommonForm 4 ↗
Robert FauberDirector2026-07-01D300455136,647CommonForm 4 ↗
Jose M. MinayaDirector2026-07-01A87.5646841,013Derivative, Class A CommonForm 4 ↗
Christina KosmowskiCEO, Moody's Analytics2026-07-01A21,54200CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 60 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael WestPresident, Moody's Investors2026-03-04D4,250$474$2,013,301CommonForm 4 ↗
Noémie HeulandSVP & Chief Financial Officer2026-03-04D10046646,587CommonForm 4 ↗
Jason D. PhillipsChief Acctg Off & Controller2026-03-04D333.12473157,437CommonForm 4 ↗
Jorge A. BermudezDirector2026-03-13A2000CommonForm 4 ↗
Jose M. MinayaDirector2026-03-13A10.3600CommonForm 4 ↗
Leslie F. SeidmanDirector2026-03-13A5.8400CommonForm 4 ↗
Leslie F. SeidmanDirector2026-03-13A1700CommonForm 4 ↗
Vincent A. ForlenzaDirector2026-03-13A22.0700CommonForm 4 ↗
Jose M. MinayaDirector2026-03-13A3.494301,501Derivative, Class A CommonForm 4 ↗
Bruce Van SaunDirector2026-03-13A18.6900CommonForm 4 ↗
Bruce Van SaunDirector2026-03-13A800CommonForm 4 ↗
Vincent A. ForlenzaDirector2026-03-13A1.56430672Derivative, Class A CommonForm 4 ↗
Thérèse EsperdyDirector2026-03-13A15.8900CommonForm 4 ↗
Jorge A. BermudezDirector2026-03-13A1.4800CommonForm 4 ↗
Lisa P. SawickiDirector2026-03-16A52800CommonForm 4 ↗
Robert FauberDirector2026-04-01A59211367,097CommonForm 4 ↗
Robert FauberDirector2026-04-01D575438251,718CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-04-01D3443814,884CommonForm 4 ↗
Robert FauberDirector2026-04-01A57516896,313CommonForm 4 ↗
Robert FauberDirector2026-04-01D300438131,331CommonForm 4 ↗
Robert FauberDirector2026-04-01D59200Derivative, Class A CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-04-01D12443854,283CommonForm 4 ↗
Robert FauberDirector2026-04-01D57500Derivative, Class A CommonForm 4 ↗
Robert FauberDirector2026-04-01D592438259,160CommonForm 4 ↗
Jose M. MinayaDirector2026-04-01A93.3943940,977Derivative, Class A CommonForm 4 ↗
Robert FauberDirector2026-05-01D59200Derivative, Class A CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-05-01D15846673,690CommonForm 4 ↗
Robert FauberDirector2026-05-01A59211367,097CommonForm 4 ↗
Robert FauberDirector2026-05-01A57516896,313CommonForm 4 ↗
Robert FauberDirector2026-05-01D57500Derivative, Class A CommonForm 4 ↗
Robert FauberDirector2026-05-01D1,167466544,277CommonForm 4 ↗
Robert FauberDirector2026-05-01D300466139,917CommonForm 4 ↗
Robert FauberDirector2026-06-01D300454136,101CommonForm 4 ↗
Robert FauberDirector2026-06-01D1,167454529,433CommonForm 4 ↗
Robert FauberDirector2026-06-01D57500Derivative, Class A CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-06-01D15845471,680CommonForm 4 ↗
Robert FauberDirector2026-06-01D59200Derivative, Class A CommonForm 4 ↗
Robert FauberDirector2026-06-01A57516896,313CommonForm 4 ↗
Robert FauberDirector2026-06-01A59211367,097CommonForm 4 ↗
Vincent A. ForlenzaDirector2026-06-05A16.5500CommonForm 4 ↗
Jose M. MinayaDirector2026-06-05A6.6300CommonForm 4 ↗
Jorge A. BermudezDirector2026-06-05A1900CommonForm 4 ↗
Jorge A. BermudezDirector2026-06-05A1.4200CommonForm 4 ↗
Leslie F. SeidmanDirector2026-06-05A2.3100CommonForm 4 ↗
Lisa P. SawickiDirector2026-06-05A1.2100CommonForm 4 ↗
Jose M. MinayaDirector2026-06-05A3.564511,608Derivative, Class A CommonForm 4 ↗
Vincent A. ForlenzaDirector2026-06-05A1.5451677Derivative, Class A CommonForm 4 ↗
Bruce Van SaunDirector2026-06-05A700CommonForm 4 ↗
Leslie F. SeidmanDirector2026-06-05A1600CommonForm 4 ↗
Bruce Van SaunDirector2026-06-05A14.5900CommonForm 4 ↗
Thérèse EsperdyDirector2026-06-05A11.9100CommonForm 4 ↗
Robert FauberDirector2026-07-01A59211367,097CommonForm 4 ↗
Robert FauberDirector2026-07-01D57500Derivative, Class A CommonForm 4 ↗
Robert FauberDirector2026-07-01D59200Derivative, Class A CommonForm 4 ↗
Robert FauberDirector2026-07-01D1,167455531,557CommonForm 4 ↗
Robert FauberDirector2026-07-01A57516896,313CommonForm 4 ↗
Richard SteeleSVP - General Counsel2026-07-01D15745571,512CommonForm 4 ↗
Robert FauberDirector2026-07-01D300455136,647CommonForm 4 ↗
Jose M. MinayaDirector2026-07-01A87.5646841,013Derivative, Class A CommonForm 4 ↗
Christina KosmowskiCEO, Moody's Analytics2026-07-01A21,54200CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Robert FauberPSU2025-02-204,15016,60133,202$8,519,799
Robert FauberPSU2025-02-2041,383709,769
Robert FauberPSU2025-02-201,0384,1508,3002,129,822
Michael WestOPTION2025-02-204,275700,031
Richard SteeleOPTION2025-02-202,198359,923
Stephen TulenkoPSU2025-02-201,0234,0928,1842,100,055
Michael WestPSU2025-02-201,0234,0928,1842,100,055
Stephen TulenkoPSU2025-02-2041,364700,018
Robert FauberRSU2025-02-205,5345,5345,5342,840,104
Robert FauberOPTION2025-02-204,336710,020
Richard SteelePSU2025-02-204701359,760
Stephen TulenkoOPTION2025-02-204,275700,031
Richard SteelePSU2025-02-205262,1044,2081,079,794
Robert FauberOPTION2025-02-2017,3442,840,080
Michael WestPSU2025-02-2041,364700,018
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Robert Fauber$2,840,104$11,359,390$3,550,10064.0%
Michael West02,800,073700,03180.0%
Richard Steele01,439,554359,92380.0%
Stephen Tulenko02,800,073700,03180.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Richard SteelePSU4,208$2,149,657
Stephen TulenkoPSU15,0587,692,379
Richard SteelePSU3,8701,976,990
Richard SteeleRSU969495,014
Richard SteeleOption317295.33
Robert FauberRSU5,5342,827,044
Robert FauberRSU1,381705,484
Robert FauberRSU35,55618,163,783
Michael WestRSU8,1844,180,796
Michael WestRSU1,411720,809
Robert FauberPSU40,95020,919,308
Robert FauberRSU5,1192,615,041
Robert FauberOption5,348325.99
Michael WestOption1,070325.99
Michael WestOption2,377295.33
Michael WestOption13,640372.16
Stephen TulenkoOption27,279372.16
Stephen TulenkoOption4,390372.16
Robert FauberOption11,620295.33
Robert FauberOption15,930372.16
Richard SteeleOption179325.99
Richard SteeleOption1,506372.16
Richard SteeleRSU10252,107
Michael WestRSU7,2723,714,901
Michael WestRSU762389,268
Stephen TulenkoOption2,483295.33
Stephen TulenkoPSU6,2923,214,268
Michael WestRSU276140,995
Michael WestRSU1,364696,799
Richard SteeleRSU484247,251
Michael WestOption4,390372.16
Robert FauberRSU3,7251,902,916
Robert FauberPSU33,20216,961,242
Noémie HeulandOption2,349391.67
Noémie HeulandRSU765390,800
Noémie HeulandPSU6,1283,130,489
Noémie HeulandRSU1,383706,506
Noémie HeulandPSU8,3004,240,055
Richard SteeleRSU339173,178
Richard SteeleRSU701358,106
Michael WestPSU11,7035,978,273
Michael WestPSU11,2865,765,453
Stephen TulenkoOption1,189325.99
Stephen TulenkoRSU6,7633,454,879
05

Incentive-plan design — the Compensation Discussion & Analysis

Moody s executive compensation programs are designed to foster and maintain a strong, capable, experienced and motivated executive team with the ability to manage the business during challenging times and to evolve as market practices warrant by aligning compensation with business performance and the interests of our stockholders.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-14144,903,3625,098,773653,16696.18%Passed
20252025-04-15132,883,29519,294,060538,71887.01%Passed
20242024-04-16142,085,42910,576,9451,101,01893.07%Passed
20232023-04-18147,699,1099,522,4382,730,50692.34%Passed
20222022-04-26149,517,2316,837,8952,432,17294.16%Passed
20212021-04-20148,389,98312,183,463493,12992.13%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-1496.18%a
20252025-04-1587.01%b
20242024-04-1693.07%c

a. Approved under the standard stated in the filing — “If a stockholder abstains from voting or directs the stockholder's proxy to abstain from voting on this matter, the abstention has the same effect as a vote against the matter.”.

b. Approved under the standard stated in the filing — “If a stockholder abstains from voting or directs the stockholder's proxy to abstain from voting on this matter, the abstention has the same effect as a vote against the matter.”.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)146 : 1
CEO total compensation$18,082,565
Median employee compensation$123,561
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Vincent A. ForlenzaIndependent · Board Chair · Compensation & Human Resources · Executive (Chair) · Governance & Nominating$185,000$305,207$0$0$0$490,207
Kathryn M. HillIndependent · Not standing for re-election · Departed during FY60,000410,192000470,192
Jorge A. BermudezIndependent · Audit (Chair) · Executive · Governance & Nominating150,000219,810000369,810
Leslie F. SeidmanIndependent · Audit · Executive · Governance & Nominating (Chair)150,000219,810000369,810
Thérèse EsperdyIndependent · Compensation & Human Resources (Chair) · Executive · Governance & Nominating135,000219,810000354,810
Bruce Van SaunIndependent · Governance & Nominating120,000219,810000339,810
Jose M. MinayaIndependent · Audit · Governance & Nominating120,000219,810000339,810
Zig SerafinIndependent · Compensation & Human Resources · Governance & Nominating120,000219,810000339,810
Lloyd W. Howell, JrIndependent · Departed during FY112,500219,810000332,310
Sumit DhawanIndependent · Compensation & Human Resources · Governance & Nominating · Newly elected60,000219,973000279,973
Lisa P. SawickiIndependent · Audit · Governance & Nominating · Newly elected000000
Robert FauberEmployee director · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$219,810
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)65,000 / 65,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,212,500
Equity awards (grant-date value)$2,474,042
All other compensation$0
Total cost of the board$3,686,542

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Moodys names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Moodys.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fiserv Inc.2025Michael Lyons$1,214,236$55,881,279$0$0$70,341,992
2Fair Isaac Corporation2025William Lansing750,00034,091,86001,100,00036,045,267
3MSCI Inc.2025Henry A. Fernandez1,000,0004,380,02425,220,3041,346,95033,320,590
4Workday, Inc.2026Carl Eschenbach1,037,80822,982,99301,556,71226,031,706
5Marsh & McLennan Companies, Inc.2025John Doyle1,500,0009,209,4698,375,0205,550,00025,051,051
6Nasdaq, Inc.2025Adena Friedman1,359,61617,491,32106,086,50925,014,550
7Equifax Inc.2025Mark Begor1,500,00014,993,1103,420,1302,737,63423,420,134
8CME Group Inc.2025Terrence Duffy2,000,00013,319,86007,128,83123,394,854
9Fidelity National Information Services, Inc.2025Stephanie Ferris1,250,00018,741,36702,812,50022,928,412
10Intercontinental Exchange, Inc.2025Jeffrey Sprecher1,395,83316,666,55304,050,00022,133,386
11Global Payments Inc.2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
12Gartner Inc.2025Eugene Hall985,18511,619,4774,979,9321,483,65519,226,580
13Moodys2025Robert Fauber1,100,00011,359,9032,840,0802,226,00018,082,565
14Verisk Analytics, Inc.2025Lee Shavel1,000,0008,800,0862,199,8811,500,00013,540,847
15S&P Global Inc.2025Martina Cheung1,000,0008,978,04102,445,30012,831,062
Thomson Reuters Corp.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Moodys101%PSU 60 · RSU 20 · Options 20NoMeridian Compensation Partners
CME Group Inc.not disclosedPSU 50 · RSU 50Yes — TSR relative to the S&P 500Meridian Compensation Partners, LLC
Equifax Inc.152.1%PSU 60 · Options 20 · RSU 20Yes — Relative TSRFrederic W. Cook & Co., Inc.
Fair Isaac Corporation147%PSU 33 · RSU 33 · Other 33NoCompensia, Inc.
Fidelity National Information Services, Inc.100%PSU 50 · RSU 50Yes — Relative TSR vs S&P 500Meridian
Fiserv Inc.not disclosedPSU 60 · RSU 40NoPay Governance, LLC
Gartner Inc.119.6%PSU 70 · Options 30NoExequity
Global Payments Inc.not disclosedPSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Intercontinental Exchange, Inc.108%PSU 70 · RSU 30Yes — Company 3-Year TSR relative to S&P 500 3-Year TSRCompensation Advisory Partners (CAP)
Marsh & McLennan Companies, Inc.not disclosedOptions 50 · PSU 50NoPay Governance LLC
MSCI Inc.96.21%PSO 70 · PSU 30Yes — Absolute TSR CAGRSemler Brossy
Nasdaq, Inc.not disclosednot disclosednot disclosednot disclosed
S&P Global Inc.108.68%PSU 70 · RSU 30NoPay Governance
Thomson Reuters Corp.not disclosednot disclosednot disclosednot disclosed
Verisk Analytics, Inc.100%PSU 60 · RSU 20 · Options 20Yes — Relative TSR versus S&P 500 Index constituentsFW Cook
Workday, Inc.101.8%RSU 75 · PSU 25NoSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Robert FauberDEF 14A2026-03-040001059556-26-000019Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 18,082,565. Filing ↗machine: r3 · c45 · span 978840–978850
2Section 01, Michael WestDEF 14A2026-03-040001059556-26-000019Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 5,799,776. Filing ↗machine: r12 · c45 · span 1008412–1008421
3Section 01, Noémie HeulandDEF 14A2026-03-040001059556-26-000019Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 5,444,111. Filing ↗machine: r6 · c45 · span 989408–989417
4Section 01, Stephen TulenkoDEF 14A2026-03-040001059556-26-000019Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 5,420,280. Filing ↗machine: r15 · c45 · span 1019224–1019233
5Section 01, Richard SteeleDEF 14A2026-03-040001059556-26-000019Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 3,173,226. Filing ↗machine: r9 · c45 · span 997474–997483
6Section 03, Robert Fauber PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r5 · c24 · span 1076335–1076344
7Section 03, Robert Fauber PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t95 · r4 · c0 · span 800916–800917
8Section 03, Robert Fauber PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r5 · c11 · span 1073954–1073959
9Section 03, Michael West OPTIONDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r19 · c17 · span 1138908–1138913
10Section 03, Richard Steele OPTIONDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r15 · c17 · span 1120707–1120712
11Section 03, Stephen Tulenko PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r21 · c24 · span 1149391–1149400
12Section 03, Michael West PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r17 · c24 · span 1129940–1129949
13Section 03, Stephen Tulenko PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r22 · c23 · span 1154238–1154245
14Section 03, Robert Fauber RSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r6 · c16 · span 1079618–1079623
15Section 03, Robert Fauber OPTIONDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗
16Section 03, Richard Steele PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r14 · c23 · span 1116467–1116474
17Section 03, Stephen Tulenko OPTIONDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r23 · c17 · span 1158261–1158266
18Section 03, Richard Steele PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r13 · c24 · span 1111640–1111649
19Section 03, Robert Fauber OPTIONDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t120 · r7 · c17 · span 1084083–1084089
20Section 03, Michael West PSUDEF 14A2026-03-040001059556-26-000019Section “GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025” · grants of plan-based awards table. Filing ↗machine: t70 · r16 · c2 · span 628993–628994
21Section 07, pay ratioDEF 14A2026-03-040001059556-26-000019Section “CEO Pay Ratio”. As printed: 146 : 1. Filing ↗machine: span 1465209–1465214
22Section 08, Vincent A. ForlenzaDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 490,207. Filing ↗machine: t44 · r6 · c7 · span 402353–402360
23Section 08, Kathryn M. HillDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 470,192. Filing ↗machine: t44 · r7 · c7 · span 404216–404223
24Section 08, Jorge A. BermudezDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 369,810. Filing ↗machine: t44 · r3 · c7 · span 396801–396808
25Section 08, Leslie F. SeidmanDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 369,810. Filing ↗machine: t44 · r10 · c7 · span 409591–409598
26Section 08, Thérèse EsperdyDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 354,810. Filing ↗machine: t44 · r5 · c7 · span 400624–400631
27Section 08, Bruce Van SaunDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 339,810. Filing ↗machine: t44 · r12 · c7 · span 413267–413274
28Section 08, Jose M. MinayaDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 339,810. Filing ↗machine: t44 · r9 · c7 · span 407838–407845
29Section 08, Zig SerafinDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 339,810. Filing ↗machine: t44 · r11 · c7 · span 411307–411314
30Section 08, Lloyd W. Howell, JrDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 332,310. Filing ↗machine: t44 · r8 · c7 · span 406113–406120
31Section 08, Sumit DhawanDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 279,973. Filing ↗machine: t44 · r4 · c7 · span 398720–398727
32Section 08, Lisa P. SawickiDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 0. Filing ↗
33Section 08, Robert FauberDEF 14A2026-03-040001059556-26-000019Section “Director Compensation”. As printed: 0. Filing ↗
34Section 02, Michael West 2026-03-04Form 42026-03-050001791243-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Noémie Heuland 2026-03-04Form 42026-03-050001825126-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jason D. Phillips 2026-03-04Form 42026-03-050002062050-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Jorge A. Bermudez 2026-03-13Form 42026-03-170001419202-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jose M. Minaya 2026-03-13Form 42026-03-170001950068-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Leslie F. Seidman 2026-03-13Form 42026-03-170001595268-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Leslie F. Seidman 2026-03-13Form 42026-03-170001595268-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Vincent A. Forlenza 2026-03-13Form 42026-03-170001221787-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jose M. Minaya 2026-03-13Form 42026-03-170001950068-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Bruce Van Saun 2026-03-13Form 42026-03-170001059556-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Bruce Van Saun 2026-03-13Form 42026-03-170001059556-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Vincent A. Forlenza 2026-03-13Form 42026-03-170001221787-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Thérèse Esperdy 2026-03-13Form 42026-03-170001767289-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Jorge A. Bermudez 2026-03-13Form 42026-03-170001419202-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Lisa P. Sawicki 2026-03-16Form 42026-03-170002112902-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Richard Steele 2026-04-01Form 42026-04-030001990258-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Richard Steele 2026-04-01Form 42026-04-030001990258-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Robert Fauber 2026-04-01Form 42026-04-030001481153-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Jose M. Minaya 2026-04-01Form 42026-04-030001950068-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Robert Fauber 2026-05-01Form 42026-05-040001481153-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Richard Steele 2026-05-01Form 42026-05-040001990258-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Robert Fauber 2026-05-01Form 42026-05-040001481153-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Robert Fauber 2026-05-01Form 42026-05-040001481153-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Robert Fauber 2026-05-01Form 42026-05-040001481153-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Robert Fauber 2026-05-01Form 42026-05-040001481153-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Robert Fauber 2026-05-01Form 42026-05-040001481153-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Robert Fauber 2026-06-01Form 42026-06-020001481153-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Robert Fauber 2026-06-01Form 42026-06-020001481153-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Robert Fauber 2026-06-01Form 42026-06-020001481153-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Richard Steele 2026-06-01Form 42026-06-020001990258-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Robert Fauber 2026-06-01Form 42026-06-020001481153-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Robert Fauber 2026-06-01Form 42026-06-020001481153-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Robert Fauber 2026-06-01Form 42026-06-020001481153-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Vincent A. Forlenza 2026-06-05Form 42026-06-080001221787-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Jose M. Minaya 2026-06-05Form 42026-06-080001950068-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Jorge A. Bermudez 2026-06-05Form 42026-06-080001419202-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Jorge A. Bermudez 2026-06-05Form 42026-06-080001419202-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Leslie F. Seidman 2026-06-05Form 42026-06-080001595268-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Lisa P. Sawicki 2026-06-05Form 42026-06-080002112902-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Jose M. Minaya 2026-06-05Form 42026-06-080001950068-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Vincent A. Forlenza 2026-06-05Form 42026-06-080001221787-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Bruce Van Saun 2026-06-05Form 42026-06-080001199914-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Leslie F. Seidman 2026-06-05Form 42026-06-080001595268-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Bruce Van Saun 2026-06-05Form 42026-06-080001199914-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Thérèse Esperdy 2026-06-05Form 42026-06-080001767289-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Robert Fauber 2026-07-01Form 42026-07-020001481153-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Robert Fauber 2026-07-01Form 42026-07-020001481153-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Robert Fauber 2026-07-01Form 42026-07-020001481153-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Robert Fauber 2026-07-01Form 42026-07-020001481153-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Robert Fauber 2026-07-01Form 42026-07-020001481153-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Richard Steele 2026-07-01Form 42026-07-020001990258-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Robert Fauber 2026-07-01Form 42026-07-020001481153-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Jose M. Minaya 2026-07-01Form 42026-07-020001950068-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Christina Kosmowski 2026-07-01Form 42026-07-020001784000-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
94Section 06, 2026 voteForm 8-K2026-04-160001059556-26-000031Item 5.07 · say-on-pay result. As reported: 96.18% (votes for as printed: 144,903,362). Filing ↗
95Section 06, 2025 voteForm 8-K2025-04-150001059556-25-000107Item 5.07 · say-on-pay result. As reported: 87.01% (votes for as printed: 132,883,295). Filing ↗
96Section 06, 2024 voteForm 8-K2024-04-190001193125-24-102931Item 5.07 · say-on-pay result. As reported: 93.07% (votes for as printed: 142,085,429). Filing ↗
97Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
98Section 09b board cost (computed)ComputedcomputedCash 1,212,500 + equity 2,474,042 + all other 0 = 3,686,542, summed across the director compensation table rows.machine: formula: Σ = 3,686,542
99Fiserv Inc., Section 10b CEO totalDEF 14A2026-04-020001140361-26-013003CEO total compensation as printed in Fiserv Inc.'s own proxy. As printed: 70,341,992. Filing ↗machine: t198 · r2 · c22 · span 1028715–1028725
100Fair Isaac Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-024403CEO total compensation as printed in Fair Isaac Corporation's own proxy. As printed: 36,045,267. Filing ↗machine: r3 · c35 · span 1413656–1413666
101MSCI Inc., Section 10b CEO totalDEF 14A2026-03-110001408198-26-000023CEO total compensation as printed in MSCI Inc.'s own proxy. As printed: 33,320,590. Filing ↗machine: r2 · c24 · span 1659848–1659858
102Workday, Inc., Section 10b CEO totalDEF 14A2026-05-050001104659-26-055687CEO total compensation as printed in Workday, Inc.'s own proxy. As printed: 26,031,706. Filing ↗machine: r4 · c42 · span 1684714–1684724
103Marsh & McLennan Companies, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-133303CEO total compensation as printed in Marsh & McLennan Companies, Inc.'s own proxy. As printed: 25,051,051. Filing ↗machine: r4 · c35 · span 942007–942017
104Nasdaq, Inc., Section 10b CEO totalDEF 14A2026-04-240001628280-26-027245CEO total compensation as printed in Nasdaq, Inc.'s own proxy. As printed: 25,014,550. Filing ↗machine: r3 · c7 · span 2441886–2441897
105Equifax Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127556CEO total compensation as printed in Equifax Inc.'s own proxy. As printed: 23,420,134. Filing ↗machine: r2 · c44 · span 1228991–1229001
106CME Group Inc., Section 10b CEO totalDEF 14A2026-03-230001628280-26-020500CEO total compensation as printed in CME Group Inc.'s own proxy. As printed: 23,394,854. Filing ↗machine: span 1417602–1417612
107Fidelity National Information Services, Inc., Section 10b CEO totalDEF 14A2026-04-280001136893-26-000026CEO total compensation as printed in Fidelity National Information Services, Inc.'s own proxy. As printed: 22,928,412. Filing ↗machine: r2 · c8 · span 2228542–2228552
108Intercontinental Exchange, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134700CEO total compensation as printed in Intercontinental Exchange, Inc.'s own proxy. As printed: 22,133,386. Filing ↗machine: t89 · r5 · c16 · span 1344962–1344972
109Global Payments Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029453CEO total compensation as printed in Global Payments Inc.'s own proxy. As printed: 20,307,392. Filing ↗
110Gartner Inc., Section 10b CEO totalDEF 14A2026-04-150000749251-26-000159CEO total compensation as printed in Gartner Inc.'s own proxy. As printed: 19,226,580. Filing ↗machine: r2 · c21 · span 686397–686407
111Moodys (subject), Section 10b CEO totalDEF 14A2026-03-040001059556-26-000019CEO total compensation as printed in Moodys's own proxy. As printed: 18,082,565. Filing ↗machine: r3 · c45 · span 978840–978850
112Verisk Analytics, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-141398CEO total compensation as printed in Verisk Analytics, Inc.'s own proxy. As printed: 13,540,847. Filing ↗machine: r3 · c28 · span 887453–887463
113S&P Global Inc., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037380CEO total compensation as printed in S&P Global Inc.'s own proxy. As printed: 12,831,062. Filing ↗machine: span 1311049–1311059
114Section 10a, S&P Global Inc. reciprocityDEF 14A0001104659-26-037380S&P Global Inc. names Moodys in its own disclosed peer group (read from its most recent proxy). Filing ↗
115Section 10a, CME Group Inc. reciprocityDEF 14A0001628280-26-020500CME Group Inc. names Moodys in its own disclosed peer group (read from its most recent proxy). Filing ↗
116Section 10a, Fiserv Inc. reciprocityDEF 14A0001140361-26-013003Fiserv Inc.'s most recent proxy was read; its disclosed peer group does not include Moodys. Filing ↗
117Section 10a, Workday, Inc. reciprocityDEF 14A0001104659-26-055687Workday, Inc.'s most recent proxy was read; its disclosed peer group does not include Moodys. Filing ↗
118Section 10a, Marsh & McLennan Companies, Inc. reciprocityDEF 14A0001193125-26-133303Marsh & McLennan Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Moodys. Filing ↗
119Section 10a, Fidelity National Information Services, Inc. reciprocityDEF 14A0001136893-26-000026Fidelity National Information Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Moodys. Filing ↗
120Section 10a, Verisk Analytics, Inc. reciprocityDEF 14A0001193125-26-141398Verisk Analytics, Inc. names Moodys in its own disclosed peer group (read from its most recent proxy). Filing ↗
121Section 10a, MSCI Inc. reciprocityDEF 14A0001408198-26-000023MSCI Inc. names Moodys in its own disclosed peer group (read from its most recent proxy). Filing ↗
122Section 10a, Global Payments Inc. reciprocityDEF 14A0001104659-25-023451Global Payments Inc.'s most recent proxy was read; its disclosed peer group does not include Moodys. Filing ↗
123Section 10a, Gartner Inc. reciprocityDEF 14A0000749251-26-000159Gartner Inc.'s most recent proxy was read; its disclosed peer group does not include Moodys. Filing ↗