Galaxy Digital Executive Compensation (FY25)
GLXY · Executive and director compensation, fiscal 2025 only
The Galaxy Digital 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.
Data as of September 7, 2026Latest filing (8-K): May 28, 2026
2 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
$1,500Get the executive brief
154 figures on this page: 153 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
Frequently asked questions
Answers drawn from the data on this page.
Who is Galaxy Digital's chief executive and what were they paid?
Michael Novogratz was paid $7,651,727 in total compensation as Chief Executive Officer and Director for fiscal 2025.
What was Galaxy Digital's say-on-pay result?
The say-on-pay proposal drew 94.3% of votes cast including abstentions in favor at the meeting held May 28, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Anthony Paquette Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Matthew Friedrich Chief Legal Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Michael Novogratz Chief Executive Officer and Director | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Christopher Ferraro President and Chief Investment Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Erin Brown Chief Operating 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 |
|---|---|---|---|---|---|---|---|---|
| Anthony Paquette | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Anthony Paquette | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Anthony Paquette | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Anthony Paquette | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Christopher Ferraro | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Christopher Ferraro | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Erin Brown | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Erin Brown | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Matthew Friedrich | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew Friedrich | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Matthew Friedrich | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Matthew Friedrich | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Michael Novogratz | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Michael Novogratz | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Matthew Friedrich | RSU | ◇ | ◇ | — | — |
| Erin Brown | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 3/27/2029 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/31/2030 | |
| Option | ◇ | — | ◇ | 3/29/2028 | |
| Christopher Ferraro | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/27/2029 | |
| Option | ◇ | — | ◇ | 3/29/2028 | |
| Option | ◇ | — | ◇ | 3/31/2030 | |
| RSU | ◇ | ◇ | — | — | |
| Anthony Paquette | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 3/31/2030 | |
| Option | ◇ | — | ◇ | 3/31/2030 | |
| Option | ◇ | — | ◇ | 3/31/2030 | |
| Michael Novogratz | Option | ◇ | — | ◇ | 3/31/2030 |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Douglas Deason | ◇ | ◇ | — | — | — | — | ◇ |
Bill Koutsouras Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Richard Tavoso | ◇ | ◇ | — | — | — | — | ◇ |
Jane Dietze | ◇ | ◇ | — | — | — | — | ◇ |
Rhonda Adams-Medina | ◇ | ◇ | — | — | — | — | ◇ |
Michael Daffey Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Michael Novogratz 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.
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 | ◇ |
| Board chair premium | ◇ |
| 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 deferred stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 28, 2026 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Galaxy Digital disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $1,500Board 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.
Inquire 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.
154 figures on this page: 153 cited to the filing that reported them, 1 calculated from figures it prints.
153 cited to the filing
1 calculated from the filing
Documents cited
- 0001859392-26-000060Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001859392-26-0000372025 Director Compensation · 2025 Summary Compensation Table · BOARD OF DIRECTORS AND CORPORATE GOVERNANCE · Grants of Plan-Based Awards · and 1 more section
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Galaxy Digital executive compensation, FY2025.” https://intel.velarion.ai/comp/GLXY (accessed 2026).
Short form: data: Velarion
The Galaxy Digital 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.
2 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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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}
}