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Asset Management

Freedom Holding Executive Compensation (FY26)

FRHC · Executive and director compensation, fiscal 2022 to 2026
Latest say-on-pay support
=
September 29, 2025
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Data as of October 22, 2026Latest filing (DEF 14A): July 29, 2026
10 filings cited on this page
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134 figures on this page: 130 cited to the filing that reported them, 4 calculated from figures it prints. See the citations

More on Freedom Holding

Five data products on this company. Each one is requested through the developer setup page.
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 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Askar Tashtitov
President (4)
◇◇◇———◇— not reconciled
Timur Turlov
CEO and Chairman (4)
◇—————◇◇
Liudmila Kiriaku
VP of Compliance
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Askar Tashtitov
President
◇◇◇———◇◇
Timur Turlov
CEO and Chairman
◇—————◇◇
Evgeny Ler
CFO
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Askar TashtitovRSU◇——◇——◇
Evgeny LerRSU◇——◇——◇
Jason KerrRSU◇——◇——◇
Fiscal 2022, 2025 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Timur TurlovRSU◇◇——
Askar TashtitovRSU◇◇——
Evgeny LerRSU◇◇——
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.
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◇
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◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Philippe Vogeleer
◇◇————◇
Amber Williams
Lead independent director
◇◇————◇
Boris Cherdabayev
◇◇————◇
Andrew Gamble
◇◇————◇
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.
YearMeetingSupportVotes forVotes againstAbstentions
2025September 29, 2025=◇◇◇
2024September 19, 2024=◇◇◇
2021September 14, 2021=◇◇◇
2018September 20, 2018=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Azamat Yerdessov (Chief Executive Officer of Freedom Life), FY2026 total compensation $11,496,164 (base salary $660,270) [exec_comp, SEC accession 0000924805-26-000041, filed 2026-07-29]

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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 — $1,500
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.
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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.
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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.
134 figures on this page: 130 cited to the filing that reported them, 4 calculated from figures it prints.
130 cited to the filing
4 calculated from the filing

Documents cited

  1. 0000924805-26-000041
    DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
  2. 0000924805-25-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0000924805-25-000025
    Compensation Discussion and Analysis · Summary Compensation Table
  4. 0000924805-24-000062
  5. 0000924805-24-000054
    Summary Compensation Table
  6. 0000924805-23-000097
    Summary Compensation Table
  7. 0000924805-22-000037
    SUMMARY COMPENSATION TABLE
  8. 0001654954-21-010091
  9. 0001654954-18-010363
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000924805-26-000012
    Exhibit
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Freedom Holding executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/FRHC (accessed 2026).
Short form: data: Velarion

The paid brief for Freedom Holding

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 $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
10 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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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Freedom Holding discloses

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

B. Riley Financial, Inc.Evercore Inc.Houlihan Lokey, Inc.Interactive Brokers Group, Inc.Jefferies Financial Group Inc.MarketAxess Holdings Inc.Moelis & CompanyOppenheimer Holdings Inc.Piper Sandler CompaniesPJT Partners Inc.Robinhood Markets, Inc.Rocket Companies, Inc.SoFi Technologies, Inc.Stifel Financial Corp.Tradeweb Markets Inc.Victory Capital Holdings, Inc.

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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