Asset Management
Freedom Holding Executive Compensation (FY26)
FRHC · Executive and director compensation, fiscal 2023 to 2026
Data as of September 7, 2026Latest filing (DEF 14A): July 29, 2026
123 figures on this page: 119 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Figures cover fiscal 2023 through fiscal 2026. Separately, for fiscal 2025, the say-on-pay proposal drew 99.6% support at the meeting held September 29, 2025, and the disclosed peer group includes B. Riley Financial, Inc., Evercore Inc., Houlihan Lokey, Inc., Interactive Brokers Group, Inc. and Jefferies Financial Group Inc., among others, while the company reported 4 named executive officers for fiscal 2026.
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Timur Turlov → Azamat Yerdessov
Frequently asked questions
Answers drawn from the data on this page.
What was Freedom Holding's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 99.6% support at the meeting held September 29, 2025.
Which companies are in Freedom Holding's peer group?
The disclosed peer group includes B. Riley Financial, Inc., Evercore Inc., Houlihan Lokey, Inc., Interactive Brokers Group, Inc. and Jefferies Financial Group Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Askar Tashtitov President | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Timur Turlov CEO and Chairman | ◇ | — | — | — | — | — | ◇ | ◇ |
Evgeny Ler CFO | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Aidos Zhumagulov Advisor to the Board of Directors of Freedom Bank KZ and Advisor to the Development and International Cooperation department of Freedom KZ | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Azamat Yerdessov Chief Executive Officer of Freedom Life | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Evgeny Ler Chief Financial Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Timur Turlov Chief Executive Officer and Chairman | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Askar Tashtitov President | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Evgeny Ler Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Jason Kerr Chief Legal Officer Served on an interim basis | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Sergey Lukyanov Chairman of the Management Board of Freedom KZ and Chairman of the Board of Freedom Global | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2026
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Azamat Yerdessov Chief Executive Officer of Freedom Life | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Askar Tashtitov President | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Evgeny Ler Chief Financial Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Jason Kerr 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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Askar Tashtitov | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Evgeny Ler | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jason Kerr | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Timur Turlov | RSU | ◇ | ◇ | — | — |
| Askar Tashtitov | RSU | ◇ | ◇ | — | — |
| Evgeny Ler | RSU | ◇ | ◇ | — | — |
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.
Jason Kerr
Chief Legal Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
Askar Tashtitov
President · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
Evgeny Ler
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2026
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Philippe Vogeleer | ◇ | ◇ | — | — | — | — | ◇ |
Amber Williams Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Andrew Gamble | ◇ | ◇ | — | — | — | — | ◇ |
Boris Cherdabayev | ◇ | ◇ | — | — | — | — | ◇ |
Timur Turlov, Askar Tashtitov and Kairat Kelimbetov served on the board in fiscal 2026 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 | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as Stock grants (common stock).
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
- B. Riley Financial, Inc. RILY
- Evercore Inc. EVR
- Houlihan Lokey, Inc. HLI
- Interactive Brokers Group, Inc. IBKR
- Jefferies Financial Group Inc. JEF
- MarketAxess Holdings Inc. MKTX
- Moelis & Company MC
- Oppenheimer Holdings Inc. OPY
- Piper Sandler Companies PIPR
- PJT Partners Inc. PJT
- Robinhood Markets, Inc. HOOD
- Rocket Companies, Inc. RKT
- SoFi Technologies, Inc. SOFI
- Stifel Financial Corp. SF
- Tradeweb Markets Inc. TW
- Victory Capital Holdings, Inc. VCTR
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | September 29, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | September 19, 2024 | = | ◇ | ◇ | ◇ |
| 2021 | September 14, 2021 | = | ◇ | ◇ | ◇ |
| 2018 | September 20, 2018 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Freedom Holding disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Freedom Holding 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 — $1,500Written 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 — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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 IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
123 figures on this page: 119 cited to the filing that reported them, 4 calculated from figures it prints.
119 cited to the filing
4 calculated from the filing
Documents cited
- 0000924805-26-000041DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
- 0000924805-25-000038Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000924805-25-000025Compensation Discussion and Analysis · Summary Compensation Table
- 0000924805-24-000062
- 0000924805-24-000054Summary Compensation Table
- 0000924805-23-000097Summary Compensation Table
- 0001654954-21-010091
- 0001654954-18-010363Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000924805-26-000012Exhibit
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Freedom Holding executive compensation, FY2023–FY2026.” https://intel.velarion.ai/comp/FRHC (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Freedom Holding and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Asset Management rankings
Peers Freedom Holding discloses
The companies named in FRHC's own disclosed peer group.
Terms on this page
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}
}