Terry Heimes compensation by year
NELNET Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $675,000 | $695,250 | $716,107 | $737,591 | $759,718 | $782,509 | $813,810 | $854,501 | $870,000 | $906,921 |
| Bonus | $759,375 | $869,063 | $962,290 | $892,265 | $816,731 | $841,203 | $874,851 | $450,000 | $650,000 | $1,112,592 |
| Stock awards | $0 | $0 | $0 | $0 | $0 | $1,000,059 | $500,016 | $500,013 | $0 | $275,114 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | $0 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| All other | $29,539 | $36,645 | $38,078 | $35,173 | $65,222 | $57,412 | $55,885 | $74,873 | $70,294 | $73,961 |
| Total | $1,463,914 | $1,600,958 | $1,716,475 | $1,665,029 | $1,641,671 | $2,681,183 | $2,244,562 | $1,879,387 | $1,590,294 | $2,368,588 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: NELNET INC DEF 14A filed April 2, 2026, accession 0001258602-26-000024, and prior-year filings. Open the filing on EDGAR.
How this page was built: the NELNET INC filed document, accession 0001258602-26-000024. Every figure is read from that document and cited to the page and table it appears in. Filed April 2, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 10,689 | $1,421,209 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in NELNET INC's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
NELNET’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| James Kruger | Chief Financial Officer | $2,389,661 |
| Timothy Tewes | President | $2,376,466 |
| Terry Heimes · this page | Chief Operating Officer | $2,368,588 |
| Jeffrey Noordhoek | Chief Executive Officer | $2,243,420 |
| DeeAnn Wenger | President, Nelnet Business Services | $1,595,917 |
The full NELNET compensation record
free company briefThis page is one person within NELNET's record. The company brief lists every named executive, each linking to their own page.
Compensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are NELNET's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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