NNI · Nelnet Inc · Executive Compensation

$124.83 -1.63 (-1.29%) At close · Nov 12

Russell 2000 member Rebalance outlook locked

Market Cap

$4.39B

35.16M

Volume · Nov 12 89.76K Avg daily vol (3M) 136.86K

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
James D. Kruger	Chief Financial Officer	$906,921	$1,150,123	$275,114	—	—	$57,503	$2,389,661
Timothy A. Tewes	President	$906,921	$1,150,123	$275,114	—	—	$44,308	$2,376,466
Terry J. Heimes	Chief Operating Officer	$906,921	$1,112,592	$275,114	—	—	$73,961	$2,368,588
Jeffrey R. Noordhoek	Chief Executive Officer	$906,921	$1,000,000	$275,114	—	—	$61,385	$2,243,420
DeeAnn K. Wenger	President, Nelnet Business Services	$500,345	$537,531	$500,077	—	—	$57,964	$1,595,917

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Timothy A. Tewes	President	$870,000	$650,000	—	—	—	$201,387	$1,721,387
James D. Kruger	Chief Financial Officer	$870,000	$650,000	—	—	—	$196,059	$1,716,059
Terry J. Heimes	Chief Operating Officer	$870,000	$650,000	—	—	—	$70,294	$1,590,294
Jeffrey R. Noordhoek	Chief Executive Officer	$870,000	$650,000	—	—	—	$35,613	$1,555,613
DeeAnn K. Wenger	President of Nelnet Business Services	$468,000	$500,000	$100,041	—	—	$60,725	$1,128,766

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Terry J. Heimes	Chief Operating Officer	$854,501	$450,000	$500,013	—	—	$74,873	$1,879,387
Timothy A. Tewes	President	$854,501	$450,000	$500,013	—	—	$64,712	$1,869,226
James D. Kruger	Chief Financial Officer	$854,501	$450,000	$500,013	—	—	$41,962	$1,846,476
Jeffrey R. Noordhoek	Chief Executive Officer	$854,501	$450,000	$500,013	—	—	$37,642	$1,842,156
Matthew W. Dunlap	Chief Business Development Officer and President of Nelnet Financial Services	$300,000	$450,042	—	—	—	$200,646	$950,688

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
James D. Kruger	Chief Financial Officer	$813,810	$905,371	$500,016	—	—	$36,885	$2,256,082
Terry J. Heimes	Chief Operating Officer	$813,810	$874,851	$500,016	—	—	$55,885	$2,244,562
Jeffrey R. Noordhoek	Chief Executive Officer	$813,810	$874,851	$500,016	—	—	$36,205	$2,224,882
Timothy A. Tewes	President	$813,810	$813,810	$500,016	—	—	$64,155	$2,191,791
Michael S. Dunlap	Executive Chairman	$602,820	$602,820	—	—	—	$40,710	$1,246,350

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey R. Noordhoek	Chief Executive Officer	$782,509	$899,897	$1,000,059	—	—	$49,850	$2,732,315
James D. Kruger	Chief Financial Officer	$782,509	$899,897	$1,000,059	—	—	$31,210	$2,713,675
Terry J. Heimes	Chief Operating Officer	$782,509	$841,203	$1,000,059	—	—	$57,412	$2,681,183
Timothy A. Tewes	President	$782,509	$782,509	$1,000,059	—	—	$71,964	$2,637,041
Michael S. Dunlap	Executive Chairman	$579,637	$579,637	—	—	—	$19,015	$1,178,289

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Terry J. Heimes	Chief Operating Officer	$759,718	$816,731	—	—	—	$65,222	$1,641,671
Jeffrey R. Noordhoek	Chief Executive Officer	$759,718	$759,718	—	—	—	$48,875	$1,568,311
Michael S. Dunlap	Executive Chairman	$562,754	$562,754	—	—	—	$379,585	$1,505,093
James D. Kruger	Chief Financial Officer	$700,000	$752,563	—	—	—	$32,936	$1,485,499
Timothy A. Tewes	President	$700,000	$700,000	—	—	—	$60,502	$1,460,502

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Terry J. Heimes	Chief Operating Officer	$737,591	$892,265	—	—	—	$45,573	$1,675,429
Jeffrey R. Noordhoek	Chief Executive Officer	$737,591	$892,265	—	—	—	$42,722	$1,672,578
Timothy A. Tewes	President	$650,000	$786,941	—	—	—	$54,525	$1,491,466
James D. Kruger	Chief Financial Officer	$650,000	$786,941	—	—	—	$22,003	$1,458,944
Michael S. Dunlap	Executive Chairman	$546,343	$615,000	—	—	—	$33,666	$1,195,009

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey R. Noordhoek	Chief Executive Officer	$716,107	$1,029,447	—	—	—	$44,203	$1,789,757
Terry J. Heimes	Chief Operating Officer	$716,107	$962,290	—	—	—	$48,078	$1,726,475
Timothy A. Tewes	President	$550,000	$687,500	—	—	—	$54,878	$1,292,378
James D. Kruger	Chief Financial Officer	$550,000	$687,500	—	—	—	$38,860	$1,276,360
Michael S. Dunlap	Executive Chairman	$530,450	$663,063	—	—	—	$21,522	$1,215,035

Executive changes

Person	Role	Change	Effective	Filed
Edward Pallesen	Class II member of the Board	Appointed	2026-09-15	2026-09-16
Angela Klein	Class III member of the Board	Appointed	2026-09-15	2026-09-16
Adam Peterson	Board of Directors	Resigned	2026-03-23	2026-03-23
Tim Tewes	President of Nelnet, Inc. and Chief Executive Officer of Nelnet Business Services, Inc.	Retired	2026-06-30	2026-01-15
Matthew Dunlap	Class II director	Appointed	2023-02-01	2023-02-02

Leadership

Jeffrey R. Noordhoek CEO
Michael S. Dunlap Chairman
James D. Kruger CFO
Terry J. Heimes COO
Adam K. Peterson Board Member
Angela Klein Board Member
Edward Pallesen Board Member
JoAnn M. Martin Board Member
Jona M. Van Deun Board Member
Jona Van Deun Board Member
Matthew Dunlap Board Member
Matthew W. Dunlap Board Member

Key facts CIK 1258602 CUSIP 64031N108 13F (30d) 143 filings 120 filers Visit website Investor relations