Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-29

NIQ Global Intelligence (NIQ)

CEO James Peck was paid $2,623,617 in fiscal year 2025, ↓ down 63.9% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0002054696-26-000009 ↗): 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.

$12,013,006
Tracey Massey total, FY2025
Former Chief Operating Officer — highest-paid officer; CEO James Peck: $2,623,617
1st
CEO (James Peck) pay percentile vs peers
100:1
CEO-to-median pay ratio
98.79%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- James Peck (Chief Executive Officer), FY2025 total compensation $2,623,617 (base salary $1,000,000) [exec_comp, SEC accession 0002054696-26-000009, filed 2026-04-09]

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NIQ's next annual pay disclosure, estimated April 9, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Tracey Massey$1,000,000$0$10,012,374$0$957,000$0$43,632$12,013,006
Former Chief Operating Officer
Michael Burwell690,385600,0007,000,0070609,000036,2178,935,608
Chief Financial Officer
Steen Lomholt-Thomsen514,97503,551,5020448,0280151,2634,665,768
Chief Commercial Officer
Shaun Zitting465,00001,854,6900404,550038,5002,762,739
Chief Human Resources Officer
James Peck1,000,0000001,522,5000101,1172,623,617
Chief Executive Officer

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 FY2024→2025
Tracey Massey$12,013,006$2,067,232—↑ +9,945,774
Michael Burwell8,935,6081,491,910—↑ +7,443,698
Steen Lomholt-Thomsen4,665,768———
Shaun Zitting2,762,7391,069,234—↑ +1,693,505
James Peck2,623,6177,277,656—↓ −4,654,039

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

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Companies that benchmark against NIQ
No companies currently name NIQ as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Charlotte SimonelliIndependent Director$150,571
Christopher EganDirector—
Christopher PikeIndependent Director—
David RawlinsonIndependent Director$124,435
Elizabeth LempresIndependent Director$453,909
Gabriela WeissDirector—
Julien LoDirector—
Racquel Harris MasonIndependent Director$117,962
Samuel Allen HamoodIndependent Director$551,191
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael BurwellRSU2025-08-20——405,093—$7,000,007
Steen Lomholt-ThomsenRSU2025-08-20——202,546—3,499,995
Shaun ZittingRSU2025-08-20——32,407—559,993
Tracey MasseyRSU2025-08-20——254,630—4,400,006
Tracey MasseyPSU2025-05-21—173,701130,258—5,612,367
Steen Lomholt-ThomsenPSU2025-02-06—1,4981,126—51,507
Shaun ZittingPSU2025-05-21—40,04730,070—1,294,697
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Burwell$7,000,007$0$00.0%
Steen Lomholt-Thomsen3,499,99551,50701.5%
Shaun Zitting559,9931,294,697069.8%
Tracey Massey4,400,0065,612,367056.1%

% 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
Steen Lomholt-ThomsenRSU202,546—$3,339,984
Tracey MasseyRSU303,959—5,012,284
James PeckPSU5,216,845—86,025,774
Shaun ZittingRSU32,407—534,391
Michael BurwellRSU405,093—6,679,984
Michael BurwellRSU331,919—5,473,344
James PeckPSU306,169—5,048,727
Tracey MasseyRSU254,630—4,198,849
Tracey MasseyRSU245,844—4,053,968
Shaun ZittingRSU145,072—2,392,237
Shaun ZittingRSU70,117—1,156,229
Steen Lomholt-ThomsenRSU43,701—720,629
Steen Lomholt-ThomsenRSU1,967—32,436
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are intended to align the interests of our executives with those of our shareholders by rewarding performance and driving long-term value creation.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian
Clawback policytrue
Anti-hedgingtrue
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-21253,515,6283,094,18783,17498.79%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
20262026-05-2198.79%a

a. 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)100 : 1
CEO total compensation$2,623,617
Median employee compensation$26,305
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Samuel Allen HamoodIndependent · Audit · Newly elected$90,125$461,066——$0$551,191
Elizabeth LempresIndependent · Compensation (Chair) · Nominating and Corporate Governance123,913329,996——0453,909
Charlotte SimonelliIndependent · Audit (Chair)146,6030——3,968150,571
David RawlinsonIndependent · Compensation · Nominating and Corporate Governance121,1410——3,294124,435
Racquel Harris MasonIndependent · Audit117,9620——0117,962
Gabriela WeissNot independent · Compensation00——00
James PeckEmployee director · Board Chair—————0
Julien LoNot independent · Compensation00——00
Christopher PikeIndependent · Audit00——00
Christopher EganNot independent · Compensation · Nominating and Corporate Governance (Chair)00——00
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 20,000
Stock ownership guideline$450,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$599,744
Equity awards (grant-date value)$791,062
All other compensation$7,262
Total cost of the board$1,398,068

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 NIQ Global Intelligence 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 NIQ Global Intelligence.

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
1MSCI Inc.2025Henry A. Fernandez$1,000,000$4,380,024$25,220,304$1,346,950$33,320,590
2Equifax Inc.2025Mark Begor1,500,00014,993,1103,420,1302,737,63423,420,134
3Global Payments Inc.2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
4Gartner, Inc.2025Eugene Hall985,18511,619,4774,979,9321,483,65519,226,580
5Broadridge Financial Solution, Inc.2026Timothy Gokey1,109,2456,737,5737,905,2951,933,46519,130,826
6TransUnion2025Christopher Cartwright1,058,25012,665,14902,852,44716,731,398
7Verisk Analytics, Inc.2025Lee Shavel1,000,0008,800,0862,199,8811,500,00013,540,847
8CoStar Group, Inc.2025Stephen Angel386,3645,385,3425,248,065513,86311,711,612
9KBR, Inc.2025Stuart Bradie1,310,3084,879,03405,227,13211,614,552
10FTI Consulting, Inc.2025Steven Gunby1,000,0007,450,94301,805,15210,273,735
11FactSet Research Systems Inc.2025F. Philip Snow775,0003,750,1623,750,0931,171,3769,460,930
12Morningstar, Inc.2025Kunal Kapoor650,0006,251,74302,150,5779,070,695
13NIQ Global Intelligence2025James Peck1,000,000001,522,5002,623,617
—Dun & Bradstreet Holdings, Inc.——————not in coverage universe
—RELX Plc——————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
NIQ Global Intelligencenot disclosednot disclosednot disclosedMeridian
Broadridge Financial Solution, Inc.not disclosedPSU 50 · Options 50NoFW Cook
CoStar Group, Inc.76%PSU 60 · Option 20 · RSU 20NoPay Governance, LLC
Dun & Bradstreet Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Equifax Inc.not disclosedPSU 50 · Options 25 · RSU 25Yes — TSRFW Cook
FactSet Research Systems Inc.101%Options 50 · PSU 50NoMeridian Compensation Partners
FTI Consulting, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSRPearl Meyer
Gartner, Inc.119.6%PSU 70 · Options 30NoExequity
Global Payments Inc.138.3%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
KBR, Inc.113.1%PSU 66 · RSU 33Yes — Relative Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
Morningstar, Inc.111.4%MSU 75 · RSU 25NoPay Governance LLC
MSCI Inc.96.21%not disclosedYes — Absolute TSR CAGRSemler Brossy
RELX Plcnot disclosednot disclosednot disclosednot disclosed
TransUnion154.0%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Verisk Analytics, Inc.not disclosedPSU 60 · RSU 20 · Options 20Yes — Relative TSR versus S&P 500 Index constituentsFW Cook

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.

10d

Frequently asked questions

Who was the highest-paid executive at NIQ Global Intelligence in fiscal 2025?
As disclosed, Tracey Massey (Former Chief Operating Officer) was the highest-paid executive at NIQ Global Intelligence in fiscal 2025, with total compensation of $12,013,006.
How does NIQ Global Intelligence's chief executive pay compare to its disclosed peer group?
As disclosed, James Peck's total compensation ranked at the 1st percentile of NIQ Global Intelligence's disclosed peer group.
What is NIQ Global Intelligence's CEO-to-median employee pay ratio?
As disclosed, NIQ Global Intelligence's CEO-to-median employee pay ratio was 100:1.
How did shareholders vote on NIQ Global Intelligence's executive compensation?
As disclosed, 98.79% of shareholders supported NIQ Global Intelligence's executive compensation in the latest say-on-pay vote.
How much does NIQ Global Intelligence spend in total on board compensation for fiscal 2025?
As disclosed, NIQ Global Intelligence reported total board compensation of $1,398,068 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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, Tracey MasseyDEF 14A2026-04-090002054696-26-000009Section “Summary Compensation Table” · page 31. As printed: 12,013,006. Filing ↗machine: r6 · c42 · span 446312–446322
2Section 01, Michael BurwellDEF 14A2026-04-090002054696-26-000009Section “Summary Compensation Table” · page 31. As printed: 8,935,608. Filing ↗machine: r4 · c42 · span 441208–441217
3Section 01, Steen Lomholt-ThomsenDEF 14A2026-04-090002054696-26-000009Section “Summary Compensation Table” · page 31. As printed: 4,665,768. Filing ↗machine: r8 · c42 · span 451420–451429
4Section 01, Shaun ZittingDEF 14A2026-04-090002054696-26-000009Section “Summary Compensation Table” · page 31. As printed: 2,762,739. Filing ↗machine: r9 · c42 · span 454165–454174
5Section 01, James PeckDEF 14A2026-04-090002054696-26-000009Section “Summary Compensation Table” · page 31. As printed: 2,623,617. Filing ↗machine: r2 · c42 · span 436025–436034
6Section 03, Michael Burwell RSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 505066–505075
7Section 03, Steen Lomholt-Thomsen RSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 522667–522676
8Section 03, Shaun Zitting RSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 532008–532015
9Section 03, Tracey Massey RSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 513689–513698
10Section 03, Tracey Massey PSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 510701–510710
11Section 03, Steen Lomholt-Thomsen PSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 519682–519688
12Section 03, Shaun Zitting PSUDEF 14A1900-01-010002054696-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 528296–528305
13Section 07, pay ratioDEF 14A2026-04-090002054696-26-000009Section “CEO Pay Ratio”. As printed: 100 : 1. Filing ↗
14Section 08, Samuel Allen HamoodDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 551,191. Filing ↗machine: span 734054–734185
15Section 08, Elizabeth LempresDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 453,909. Filing ↗machine: span 731759–731890
16Section 08, Charlotte SimonelliDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 150,571. Filing ↗machine: span 722579–722710
17Section 08, David RawlinsonDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 124,435. Filing ↗machine: span 727166–727297
18Section 08, Racquel Harris MasonDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 117,962. Filing ↗machine: span 723346–723477
19Section 08, Gabriela WeissDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
20Section 08, James PeckDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Julien LoDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Christopher PikeDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Christopher EganDEF 14A2026-04-090002054696-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
24Section 06, 2026 voteForm 8-K2026-05-260002054696-26-000018Item 5.07 · say-on-pay result. As reported: 98.79% (votes for as printed: 253,515,628). Filing ↗
25Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
27Section 09b board cost (computed)Computed——Cash 599,744 + equity 791,062 + all other 7,262 = 1,398,068, summed across the director compensation table rows.machine: formula: Σ = 1,398,068
28MSCI 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
29Equifax 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
30Global 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 ↗
31Gartner, 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
32Broadridge Financial Solution, Inc., Section 10b CEO totalDEF 14A2026-09-290001140361-26-037937CEO total compensation as printed in Broadridge Financial Solution, Inc.'s own proxy. As printed: 19,130,826. Filing ↗machine: r2 · c28 · span 1314972–1314983
33TransUnion, Section 10b CEO totalDEF 14A2026-03-240001193125-26-121876CEO total compensation as printed in TransUnion's own proxy. As printed: 16,731,398. Filing ↗machine: r3 · c34 · span 858177–858187
34Verisk 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
35CoStar Group, Inc., Section 10b CEO totalDEF 14A2026-03-300001628280-26-021944CEO total compensation as printed in CoStar Group, Inc.'s own proxy. As printed: 11,711,612. Filing ↗machine: r2 · c27 · span 1506353–1506363
36KBR, Inc., Section 10b CEO totalDEF 14A2026-03-300001104659-26-036847CEO total compensation as printed in KBR, Inc.'s own proxy. As printed: 11,614,552. Filing ↗machine: t266 · r7 · c14 · span 1965148–1965158
37FTI Consulting, Inc., Section 10b CEO totalDEF 14A2026-04-210001193125-26-165147CEO total compensation as printed in FTI Consulting, Inc.'s own proxy. As printed: 10,273,735. Filing ↗machine: r5 · c18 · span 1110308–1110318
38FactSet Research Systems Inc., Section 10b CEO totalDEF 14A2025-10-270001628280-25-046442CEO total compensation as printed in FactSet Research Systems Inc.'s own proxy. As printed: 9,460,930. Filing ↗machine: span 790783–790792
39Morningstar, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-129081CEO total compensation as printed in Morningstar, Inc.'s own proxy. As printed: 9,070,695. Filing ↗machine: span 881694–881703
40NIQ Global Intelligence (subject), Section 10b CEO totalDEF 14A2026-04-090002054696-26-000009CEO total compensation as printed in NIQ Global Intelligence's own proxy. As printed: 2,623,617. Filing ↗machine: r2 · c42 · span 436025–436034
41Section 10a, Verisk Analytics, Inc. reciprocityDEF 14A—0001193125-26-141398Verisk Analytics, Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
42Section 10a, KBR, Inc. reciprocityDEF 14A—0001104659-26-036847KBR, Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
43Section 10a, FTI Consulting, Inc. reciprocityDEF 14A—0001193125-26-165147FTI Consulting, Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
44Section 10a, Broadridge Financial Solution, Inc. reciprocityDEF 14A—0001140361-26-037937Broadridge Financial Solution, Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
45Section 10a, Global Payments Inc. reciprocityDEF 14A—0001104659-25-023451Global Payments Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
46Section 10a, MSCI Inc. reciprocityDEF 14A—0001408198-26-000023MSCI Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
47Section 10a, TransUnion reciprocityDEF 14A—0001193125-25-060241TransUnion's most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
48Section 10a, CoStar Group, Inc. reciprocityDEF 14A—0001628280-26-021944CoStar Group, Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗
49Section 10a, Gartner, Inc. reciprocityDEF 14A—0000749251-26-000159Gartner, Inc.'s most recent proxy was read; its disclosed peer group does not include NIQ Global Intelligence. Filing ↗