Nasdaq Extends CEO Adena Friedman's Employment Agreement Through 2030
March 11, 2025 – Nasdaq, Inc. (Nasdaq: NDAQ) announced a new employment agreement with Adena T. Friedman, extending her role as Chair and CEO through January 1, 2030.

Key terms of the Friedman Employment Agreement:

Annual Base Salary: $1.4 million
Annual Target Bonus: 300% of base salary
Equity Awards: 2025 grant target of at least $15 million
Severance Benefits: Up to 2x base salary + bonus, continued equity vesting, and benefits in case of termination without cause
Retirement Option: Eligible from December 31, 2027, with continued compensation and equity vesting
Additionally, employment agreements for President Tal Cohen and EVP Bradley J. Peterson were renewed with extended terms and compensation packages.