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$NDAQ
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Company Executives

Officer Age In this role Joined 2025 pay Source
Adena T. Friedman Also a director
Chair and CEO
56 Not stated Not stated $25,014,550
Sarah Youngwood
EVP and CFO
51 Since 2023
3 years
Not stated $9,945,096
Tal Cohen
President
53 Since 2023
3 years
2016 $17,365,455
P.C. Nelson Griggs
President
55 Since 2023
3 years
2001 $8,360,335
Bradley J. Peterson
EVP and CIO/CTO
66 Since 2013
13 years
Not stated $6,118,574
Michelle L. Daly
SVP and Controller and Principal Accounting Officer
50 Since 2021
5 years
Not stated Not reported
Jeremy Skule
EVP, CSO
Title from the Form 4 dated Oct 20, 2026
52 Not stated 2012 Not reported
Bryan E. Smith
EVP, CPO
Title from the Form 4 dated Aug 3, 2026
53 Not stated 2012 Not reported
John A. Zecca
EVP and Chief Legal, Risk and Regulatory Officer
58 Not stated 2001 Not reported

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Board of Directors

From the proxy statement filed Apr 24, 2026 · updated by the 8-K of Oct 26, 2026

Directors
12
serving now
Independent
11 of 12
stated in the proxy
Average tenure
8.4 years
from year joined
CEO also chairs the board
Yes
Adena T. Friedman
Director Age On board Independent Committees Other public boards 2025 pay Source
Adena T. Friedman
56 2017
9 years
Not independent None stated None stated Paid as CEO
Michael R. Splinter
75 2008
18 years
Independent None stated Kioxia Holdings Corporation, Taiwan Semiconductor Manufacturing Company Limited, Tigo Energy, Inc. $450,156
Melissa M. Arnoldi
53 2017
9 years
Independent None stated None stated $413,464
Charlene T. Begley
59 2014
12 years
Independent None stated Hilton Worldwide Holdings Inc., SentinelOne, Inc. $389,744
Essa Kazim
67 2008
18 years
Independent None stated Emirates Telecommunications Group Company PJSC $356,105
Thomas A. Kloet
67 2015
11 years
Independent None stated None stated $555,719
Kathryn A. Koch
45 2024
2 years
Independent None stated None stated $364,518
Johan Torgeby
51 2022
4 years
Independent None stated Skandinaviska Enskilda Banken $367,244
Toni Townes-Whitley
62 2021
5 years
Independent None stated None stated $379,744
Jeffery W. Yabuki
66 2023
3 years
Independent None stated Royal Bank of Canada, Sportradar Group AG $395,701
Alfred W. Zollar
71 2019
7 years
Independent None stated IBM, BNY $385,738
Holden Spaht Leaving Dec 31, 2026
51 2023
3 years
Independent None stated None stated $352,244

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

5 disclosed in the proxy filed Apr 24, 2026
Borse Dubai
owned approximately 10.3% of Nasdaq’s common stock
Approximately $3.2 million
2025

Borse Dubai and/or its affiliates paid Nasdaq for marketplace technology support fees under commercial agreements negotiated on an arms-length basis.

With Nasdaq Open in proxy
Investor AB
owned approximately 10.3% of Nasdaq’s common stock
Approximately $1.0 million
2025

Investor AB and/or its affiliates paid Nasdaq for Corporate Solutions-related services under commercial agreements negotiated on an arms-length basis.

With Nasdaq Open in proxy
Skandinaviska Enskilda Banken AB (SEB)
One of our Directors, Johan Torgeby, is the President and CEO of Skandinaviska Enskilda Banken AB (SEB)
Approximately $18.9 million
2025

SEB and/or its affiliates paid Nasdaq for various products and services, primarily European market services, cash equity and trade management services, and Calypso.

With Nasdaq Open in proxy
Skandinaviska Enskilda Banken AB (SEB)
Approximately $0.5 million
2025

Nasdaq paid SEB and/or its affiliates for treasury services and administration of Nasdaq’s employee pension program in Europe.

With SEB and/or its affiliates Open in proxy
Skandinaviska Enskilda Banken AB (SEB)
Amount not stated

SEB is one of several lenders for certain of Nasdaq’s credit facilities; as of April 24, 2026, Nasdaq had no amounts outstanding under such facilities.

With Nasdaq Open in proxy

The proxy also says directors, officers or their families deal with the company in the ordinary course of business, on the same terms as others. Those are not conflicts and are not listed. Read it in the proxy

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