What they were paid
NASDAQ Director Compensation Table · all 4 fiscal years held| Fiscal year | Cash fees | Stock awards | Option awards | Other | Total |
|---|---|---|---|---|---|
| FY2025 | $0 | $356,105 | — | $0 | $356,105 |
| FY2024 | $0 | $344,618 | $0 | $0 | $344,618 |
| FY2023 | $0 | $344,738 | — | — | $344,738 |
| FY2022 | — | $334,749 | $0 | $0 | $334,749 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: NASDAQ, INC. DEF 14A filed April 24, 2026, accession 0001628280-26-027245, and prior-year filings. Open the filing on EDGAR.
How this page was built: the NASDAQ, INC. filed document, accession 0001628280-26-027245. Every figure is read from that document and cited to the page and table it appears in. Filed April 24, 2026.
Get the NASDAQ Board Governance Report
$356,105 Essa Kazim, FY2025 total director compensation
$500
The free page is the headline figures. The board report is director pay, board composition and committee fees combined into the same kind of document.
Data as of April 24, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).
How this board is paid
company policy · FY2025NASDAQ pays directors a $90,000 cash retainer and $260,000 in RSUs.
Committees
FY2025 · as the proxy prints themFinance
The rest of the NASDAQ board
FY2025 · as the company reported each| Director | Role | FY2025 total |
|---|---|---|
| Adena T. Friedman | Chair of the Board | — |
| Alfred W. Zollar | Independent Director | $385,738 |
| Charlene T. Begley | Independent Director | $389,744 |
| Holden Spaht | Independent Director | $352,244 |
| Jeffery W. Yabuki | Independent Director | $395,701 |
| Johan Torgeby | Independent Director | $367,244 |
| Kathryn A. Koch | Independent Director | $364,518 |
| Melissa M. Arnoldi | Independent Director | $413,464 |
| Michael R. Splinter | Lead Independent Director | $450,156 |
| Thomas A. Kloet | Independent Director | $555,719 |
| Toni Townes-Whitley | Independent Director | $379,744 |
The full NASDAQ compensation record
free company briefThis page is one director within NASDAQ's record. The company brief lists every named executive and director, each linking to their own page.
Peer companies
named in the NASDAQ proxy · each links to its own free briefOrder NDAQ
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