The company said it entered into an employment agreement with Chair and Chief Executive Officer Adena T. Friedman on March 11, 2025. The agreement covers her continued role through January 1, 2030 and supersedes her prior agreement in its entirety, dated November 19, 2021.

1. 01

   The company said it entered into an employment agreement with Chair and Chief Executive Officer Adena T. Friedman on March 11, 2025. The agreement covers her continued role through January 1, 2030 and supersedes her prior agreement in its entirety, dated November 19, 2021.

2. 02

   Nasdaq said it set Friedman's annual base salary at $1,400,000 and her target annual bonus opportunity at 300% of base salary. The company said the target value at grant for her 2025 equity award will be no less than $15,000,000.

3. 03

   Nasdaq said it entered into an employment agreement with President Tal Cohen on March 10, 2025. Under the agreement, his base salary is $750,000 and his target bonus is 200% of base salary. Within 30 days after the agreement's effective date, he will be granted a one-time equity award with a target value of $7,000,000.

4. 04

   The company said it entered into a new employment agreement with Chief Information and Chief Technology Officer Bradley J. Peterson on March 10, 2025. The term runs through January 1, 2028, with a base salary of $650,000 and a target bonus of 175% of base salary.

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Original filing

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