NDAQ · Nasdaq, Inc.

$97.02 -0.57 (-0.58%) At close · Aug 14

Market Cap

$54.23B

558.98M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	Chair and CEO	$1,359,616	—	$17,491,321	—	$6,086,509	$77,104	$25,014,550
Tal Cohen	President	$736,539	—	$14,673,516	—	$1,921,885	$33,515	$17,365,455
Sarah Youngwood	EVP and CFO	$736,539	—	$6,996,506	—	$2,191,051	$21,000	$9,945,096
P.C. Nelson Griggs	President	$736,539	—	$5,247,325	—	$2,355,471	$21,000	$8,360,335
Bradley J. Peterson	EVP and CIO/CTO	$650,000	—	$3,731,418	—	$1,701,461	$35,695	$6,118,574

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	Chair and CEO	$1,250,000	—	$15,213,813	—	$5,009,927	$44,430	$21,518,170
P.C. Nelson Griggs	President	$700,000	—	$4,681,154	—	$2,380,980	$20,700	$7,782,834
Tal Cohen	President	$700,000	$200,000	$4,681,154	—	$1,644,323	$20,700	$7,246,177
Brendan Brothers	Former EVP and Head of Financial Crime Management Technology	$500,000	—	$4,696,648	—	$1,073,685	$30,000	$6,300,333
Bradley J. Peterson	EVP and CIO/CTO	$650,000	—	$3,510,846	—	$1,346,633	$34,959	$5,542,438
Sarah Youngwood	EVP and CFO	$700,000	—	—	—	$1,906,073	$19,085	$2,625,158

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	Chair and CEO	$1,250,000	—	$12,551,660	—	$4,653,812	$43,280	$18,498,752
Sarah Youngwood	EVP and CFO	$43,077	$500,000	$10,863,114	—	$125,000	$15,000	$11,546,191
Ann Dennison	Former EVP and CFO	$629,808	—	$2,683,143	—	$1,229,732	$2,107,538	$6,650,221
Brendan Brothers	Former EVP and Head of Financial Crime Management Technology	$419,523	—	$1,459,255	—	$3,320,782	$24,270	$5,223,830
Tal Cohen	President	$698,077	—	$2,413,740	—	$1,338,959	$19,800	$4,470,576
P.C. Nelson Griggs	President	$698,077	—	$2,413,740	—	$1,263,829	$19,800	$4,395,446
Bradley J. Peterson	EVP and CIO/CTO	$650,000	—	$2,413,740	—	$1,282,625	$33,855	$4,380,220

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	Chair and CEO	$1,250,000	—	$12,378,830	$9,999,975	$4,372,748	$43,752	$28,045,305
Tal Cohen	President	$586,539	—	$5,488,332	—	$1,420,551	$18,300	$7,513,722
Bradley J. Peterson	EVP and CIO/CTO	$625,000	—	$5,466,064	—	$1,259,192	$37,955	$7,388,211
P.C. Nelson Griggs	President	$593,269	—	$5,466,064	—	$1,290,492	$18,300	$7,368,125

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	Chair and CEO	$1,250,000	—	$12,864,768	—	$5,799,474	$51,651	$19,965,893
Bradley J. Peterson	EVP and CIO/CTO 1. The amounts reported in this column reflect the grant date fair value of the stock awards, including PSUs and RSUs, computed in accordance with FASB ASC Topic 718. The assumptions used in the calculation of these amounts are included in Note 11 to the Company’s audited financial statements for the fiscal year ended December 31, 2022 included in our Form 10-K. Since the 2022 three-year PSU award payouts are contingent on TSR-related performance-based vesting conditions, the grant date fair values were determined based on a Monte Carlo simulation model. The Monte Carlo simulation model takes into account expected price movement of Nasdaq stock as compared to peer companies. As a result of the Company’s pre-grant 2022 TSR performance relative to peer companies, the Monte Carlo simulation model assigned a higher value to each 2022 three-year PSU than the closing price of Nasdaq’s stock on the grant date. Therefore, the value reflected in the 2022 Summary Compensation Table does not reflect the target grant date face value shown in the Long-Term Incentive Compensation section of the Compensation Discussion and Analysis in this Proxy Statement. There is no assurance that the target grant date face values or FASB ASC Topic 718 fair values will ever be realized. The table below summarizes the target grant date face value of PSU grants that the Management Compensation Committee and the Board approved for the NEOs compared to the FASB ASC Topic 718 fair value.	$600,000	—	$2,444,286	—	$1,746,459	$35,925	$4,826,670
P.C. Nelson Griggs	President	$575,000	—	$2,058,297	—	$1,640,065	$18,778	$4,292,140
Lauren B.Dillard	Former EVP, Investment Intelligence	$542,593	—	$2,058,297	—	$1,470,169	$35,402	$4,106,461
Ann Dennison	Former EVP and CFO	$529,630	—	$1,543,459	—	$1,415,845	$31,891	$3,520,825
Michael Ptasznik	Former EVP, Corporate Strategy and CFO	$150,637	—	—	—	$151,541	$6,944	$309,122

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	Chair and CEO Ann M. Dennison^^	$1,176,163	—	$10,397,565	—	$4,081,857	$53,699	$15,807,618
Michael Ptasznik	Former EVP, Corporate Strategy and CFO	$617,596	—	$2,195,005	—	$1,438,673	$39,950	$4,291,224
Bradley J. Peterson	EVP and CIO/CTO 1. The amounts reported in this column reflect the grant date fair value of the stock awards, including PSUs and RSUs, computed in accordance with FASB ASC Topic 718. The assumptions used in the calculation of these amounts are included in Note 11 to the Company’s audited financial statements for the fiscal year ended December 31, 2022 included in our Form 10-K. Since the 2022 three-year PSU award payouts are contingent on TSR-related performance-based vesting conditions, the grant date fair values were determined based on a Monte Carlo simulation model. The Monte Carlo simulation model takes into account expected price movement of Nasdaq stock as compared to peer companies. As a result of the Company’s pre-grant 2022 TSR performance relative to peer companies, the Monte Carlo simulation model assigned a higher value to each 2022 three-year PSU than the closing price of Nasdaq’s stock on the grant date. Therefore, the value reflected in the 2022 Summary Compensation Table does not reflect the target grant date face value shown in the Long-Term Incentive Compensation section of the Compensation Discussion and Analysis in this Proxy Statement. There is no assurance that the target grant date face values or FASB ASC Topic 718 fair values will ever be realized. The table below summarizes the target grant date face value of PSU grants that the Management Compensation Committee and the Board approved for the NEOs compared to the FASB ASC Topic 718 fair value.	$600,000	—	$2,079,456	—	$1,346,172	$44,950	$4,070,578
P.C. NelsonGriggs	EVP, Corporate Platforms	$567,596	—	$1,848,444	—	$1,478,329	$23,407	$3,917,416
P.C. Nelson Griggs	President	$567,596	—	$1,848,444	—	$1,478,329	$23,047	$3,917,416
Lauren B.Dillard	Former EVP, Investment Intelligence	$525,000	—	$1,732,894	—	$1,300,481	$45,572	$3,603,947

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	President and CEO	$1,000,000	—	$9,251,842	—	$3,437,372	$47,792	$13,869,287
Lauren B.Dillard	Former EVP, Investment Intelligence	$262,500	$1,500,000	$5,395,185	—	$1,265,514	$21,519	$8,444,718
Michael Ptasznik	Former EVP, Corporate Strategy and CFO	$600,000	—	$1,959,135	—	$1,332,971	$35,402	$3,927,508
Bradley J. Peterson	EVP and CIO/CTO	$585,577	—	$1,959,135	—	$1,229,270	$40,091	$3,814,073
P.C. Nelson Griggs	EVP, Corporate Platforms	$535,577	—	$1,632,661	—	$1,151,808	$16,800	$3,336,846
P.C. NelsonGriggs	EVP, Corporate Platforms	$535,577	—	$1,632,661	—	$1,151,808	$16,800	$3,336,846

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adena Friedman	President and CEO	$1,000,000	—	$9,481,830	—	$3,838,517	$46,050	$14,366,397
Bradley J. Peterson	EVP and CIO/CTO	$550,000	—	$2,438,108	—	$1,556,502	$39,269	$4,583,879
Michael Ptasznik	EVP, Corporate Strategy and CFO	$571,154	—	$2,167,272	—	$1,593,034	$21,533	$4,352,992

Executive changes

Person	Role	Change	Effective	Filed
Jeremy Skule	Executive Chair of Financial Crime Management Technology	Appointed	2024-09-06	2024-09-06
Stephanie Champion	EVP and Head of Nasdaq Verafin	Appointed	2024-09-06	2024-09-06
Sarah Youngwood	Executive Vice President and Chief Financial Officer	Appointed	2023-12-01	2023-09-01
P.C. Nelson Griggs	President, Nasdaq, Inc.	Appointed	2023-04-18	2023-04-21
Tal Cohen	President, Nasdaq, Inc.	Appointed	2023-04-18	2023-04-21
John David Rainey	Board of Directors	Resigned	2023-02-28	2022-12-09
Johan Torgeby	Board of Directors	Appointed	2022-07-19	2022-07-25

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