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Fidelity National Financial Executive Compensation (FY25)

FNF · Executive and director compensation, fiscal 2023 to 2025

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Data as of September 7, 2026Latest filing (8-K): June 11, 2026
14 filings cited on this page
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Fidelity National Financial brief$1,500Get the executive brief
245 figures on this page: 235 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Michael Nolan
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Nolan: $10,567,753 → $11,646,893 (10.2% higher)
Say-on-pay support: 93.9% → 95.2% (1.3 points higher)
CEO pay ratio: 130:1 → 137:1 (5.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Fidelity National Financial's chief executive and what were they paid?
Michael Nolan, Chief Executive Officer, received $11,646,893 in total compensation for fiscal 2025. Nolan's total was 10.2% higher than the $10,567,753 reported for fiscal 2024.
What was Fidelity National Financial's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.2% of votes cast including abstentions in favor at the meeting held June 10, 2026.
Which companies are in Fidelity National Financial's peer group?
The disclosed peer group names Aflac Incorporated, American Financial Group, Arch Capital Group Ltd., Assurant Inc. and Cincinnati Financial Corporation, among others.
What is Fidelity National Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 137:1, against median employee compensation of $84,796.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nolan
Chief Executive Officer
◇—◇—◇—◇◇
Raymond Quirk
Executive Vice-Chairman
◇—◇—◇—◇◇
Anthony Park
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Peter Sadowski
Executive Vice President and Chief Legal Officer
◇—◇—◇—◇◇
Michael Gravelle
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nolan
Chief Executive Officer
◇—◇—◇—◇◇
Raymond Quirk
Executive Vice-Chairman
◇—◇—◇—◇◇
Anthony Park
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Peter Sadowski
Executive Vice President and Chief Legal Officer
◇—◇—◇—◇◇
Michael Gravelle
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nolan
Chief Executive Officer
◇—◇—◇—◇◇
Raymond Quirk
Executive Vice-Chairman
◇—◇—◇—◇◇
Anthony Park
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Michael Gravelle
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Peter Sadowski
Executive Vice President and Chief Legal Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anthony J. ParkPSU◇—◇———◇
Michael J. NolanPSU◇—◇———◇
Michael J. NolanRSU◇——◇——◇
Micheal L. GravelleRSU◇——◇——◇
Micheal L. GravelleRSU◇——◇——◇
Micheal L. GravelleRSU◇——◇——◇
Peter T. SadowskiPSU◇—◇———◇
Raymond R. QuirkPSU◇—◇———◇
Raymond R. QuirkRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael GravellePSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Anthony ParkRSU◇◇——
PSU◇◇——
PSU◇◇——
Michael NolanPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Raymond QuirkPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Peter SadowskiRSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Michael Nolan
Chief Executive Officer · Employment agreement · citing a 2022 filing
Severance multiple◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William P. Foley II
Board chair
◇◇———◇◇
Douglas K. Ammerman
Lead independent director
◇◇———◇◇
John D. Rood
◇◇———◇◇
Peter O. Shea Jr
◇◇———◇◇
Halim Dhanidina
◇◇———◇◇
Sandra D. Morgan
◇◇———◇◇
Thomas M. Hagerty
◇◇———◇◇
Daniel D. (Ron) Lane
◇◇———◇◇
Cary H. Thompson
◇◇———◇◇
Heather H. Miller
◇◇———◇◇
Michael J. Nolan and Raymond R. Quirk served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aflac Incorporated AFL
  • American Financial Group AFG
  • Arch Capital Group Ltd. ACGL
  • Assurant Inc. AIZ
  • Cincinnati Financial Corporation CINF
  • CNA Financial Corporation CNA
  • Equitable Holdings, Inc. EQH
  • First American Financial Corporation FAF
  • Lincoln National Corp. LNC
  • Loews Corporation L
  • Markel Group Inc MKL
  • Old Republic International ORI
  • Principal Financial Group, Inc. PFG
  • Reinsurance Group of America, Incorporated RGA
  • The Hartford Financial Services Group, Inc. HIG
  • Unum Group UNM
  • W.R. Berkley Corporation WRB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 11, 2025=◇◇◇
2023June 12, 2024=◇◇◇
2022June 14, 2023=◇◇◇
2021June 15, 2022=◇◇◇
2020June 16, 2021=◇◇◇
2019June 10, 2020=◇◇◇
2018June 12, 2019=◇◇◇
2017June 13, 2018=◇◇◇
2015June 15, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Fidelity National Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Fidelity National Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
245 figures on this page: 235 cited to the filing that reported them, 10 calculated from figures it prints.
235 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001331875-26-000052
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-051485
    CEO PAY RATIO · COMPENSATION OF OUR OTHER DIRECTORS & · GRANTS OF PLAN-BASED AWARDS · Grants of Plan-Based Awards · and 2 more sections
  3. 0001331875-25-000046
  4. 0001104659-25-040185
    SUMMARY COMPENSATION TABLE
  5. 0001331875-24-000037
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-052364
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  7. 0001331875-23-000035
  8. 0001331875-22-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001331875-21-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001331875-20-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001331875-19-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001331875-18-000035
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001331875-16-000129
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001331875-22-000016
    EX-10.20
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Fidelity National Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/FNF (accessed 2026).
Short form: data: Velarion

The Fidelity National Financial brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Fidelity National Financial discloses

The companies named in FNF's own disclosed peer group.

Aflac IncorporatedAmerican Financial GroupArch Capital Group Ltd.Assurant Inc.Cincinnati Financial CorporationCNA Financial CorporationEquitable Holdings, Inc.First American Financial CorporationLincoln National Corp.Loews CorporationMarkel Group IncOld Republic InternationalPrincipal Financial Group, Inc.Reinsurance Group of America, IncorporatedThe Hartford Financial Services Group, Inc.Unum GroupW.R. Berkley Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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