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Asset Management

Jefferies Financial Group Executive Compensation (FY25)

JEF · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Richard Handler
Latest say-on-pay support
=
March 26, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): March 31, 2026
6 filings cited on this page
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206 figures on this page: 204 cited to the filing that reported them, 2 calculated from figures it prints. See the citations

More on Jefferies Financial Group

Five data products on this company. Each one is requested through the developer setup page.
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 — Richard Handler: $22,622,248 → $28,447,020 (25.7% higher)
Say-on-pay support: 89.0% → 87.9% (1.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Jefferies Financial Group's chief executive and what were they paid?
Richard Handler was paid $28,447,020 in total compensation as Chief Executive Officer for fiscal 2025. Compared with the $22,622,248 reported for fiscal 2024, Handler's total was 25.7% higher.
What was Jefferies Financial Group's say-on-pay result?
Shareholders supported the say-on-pay proposal with 87.9% of votes cast for or against in favor at the meeting held March 26, 2026 for fiscal 2025.
Which companies are in Jefferies Financial Group's peer group?
The disclosed peer group names Bank of America Corporation, BlackRock, Inc., Evercore Inc., KKR & Co. Inc. and Lazard Inc., among others.
What is Jefferies Financial Group's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 145:1, against median employee compensation of $195,946.

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
Richard Handler
Chief Executive Officer
◇◇————◇◇
Brian Friedman
President
◇◇————◇◇
Michael Sharp
Executive Vice President and General Counsel
◇◇————◇◇
Matthew Larson
Executive Vice President and Co-Chief Financial Officer
◇◇————◇◇
Teresa Gendron
Executive Vice President and Co-Chief Financial Officer
◇◇————◇◇
Joseph Steinberg
Chairman of the Board
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Handler
Chief Executive Officer
◇◇◇———◇◇
Brian Friedman
President
◇◇◇———◇◇
Michael Sharp
Executive Vice President and General Counsel
◇◇————◇◇
Matthew Larson
Executive Vice President and Chief Financial Officer
◇◇————◇◇
Teresa Gendron
Former Executive Vice President and Former Co-Chief Financial Officer
Departed during or after this year
◇—————◇◇
Joseph Steinberg
Chairman of the Board
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Handler
Chief Executive Officer
◇◇◇——◇◇◇
Brian Friedman
President
◇◇◇———◇◇
Michael Sharp
Executive Vice President and General Counsel
◇◇————◇◇
Matthew Larson
Executive Vice President and Chief Financial Officer
◇◇————◇◇
Joseph Steinberg
Chairman of the Board
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Friedman
President
◇◇◇———◇◇
Richard Handler
Chief Executive Officer
◇◇◇——◇◇◇
Michael Sharp
Executive Vice President and General Counsel
◇◇◇———◇◇
Matthew Larson
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Joseph Steinberg
Chairman of the Board
◇—————◇◇
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
Brian P. FriedmanPSU◇◇◇—◇—◇
Brian P. FriedmanRSU◇——◇——◇
Matthew S. LarsonRSU◇——◇——◇
Michael J. SharpRSU◇——◇——◇
Richard B. HandlerPSU◇◇◇—◇—◇
Richard B. HandlerRSU◇——◇——◇
Fiscal 2022, 2023 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
Richard HandlerOption◇—◇12/5/2030
Option◇—◇12/5/2030
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Brian FriedmanOption◇—◇12/5/2030
Option◇—◇12/5/2030
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael SharpRSU◇◇——
Matthew LarsonRSU◇◇——
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.
Brian Friedman
President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Excise tax treatment◇
Joseph Steinberg
Chairman of the Board · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Excise tax treatment◇
Matthew Larson
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
Michael Sharp
Executive Vice President and General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
Richard Handler
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Linda L. Adamany
Lead independent director
◇◇————◇
Jacob M. Katz
◇◇————◇
Robert D. Beyer
◇◇————◇
MaryAnne Gilmartin
◇◇————◇
Thomas W. Jones
◇◇————◇
Melissa V. Weiler
◇◇————◇
Matrice Ellis Kirk
◇◇————◇
Michael T. O'Kane
◇◇————◇
Joseph S. Steinberg, Toru Nakashima, Brian P. Friedman and Richard B. Handler 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◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock/Deferred Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bank of America Corporation BAC
  • BlackRock, Inc. BLK
  • Evercore Inc. EVR
  • KKR & Co. Inc. KKR
  • Lazard Inc. LAZ
  • Moelis & Company MC
  • Morgan Stanley MS
  • PJT Partners Inc. PJT
  • Raymond James Financial, Inc. RJF
  • Stifel Financial Corp. SF
  • The Carlyle Group Inc. CG
  • The Goldman Sachs Group, Inc. GS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 26, 2026=◇◇◇
2024March 27, 2025=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Richard Handler (Chief Executive Officer), FY2025 total compensation $28,447,020 (base salary $1,000,000) [exec_comp, SEC accession 0001140361-26-006361, filed 2026-02-23]

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What this page does not include

Everything above is a fact Jefferies Financial Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Jefferies Financial Group 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.
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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.
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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.
206 figures on this page: 204 cited to the filing that reported them, 2 calculated from figures it prints.
204 cited to the filing
2 calculated from the filing

Documents cited

  1. 0001140361-26-012358
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-006361
    CEO Pay Ratio · Compensation Discussion and Analysis · FISCAL 2025 DIRECTOR COMPENSATION TABLE · Fiscal 2025 Director Compensation · and 3 more sections
  3. 0001140361-25-010986
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-004809
    Summary Compensation Table — Fiscal 2024
  5. 0001140361-24-008382
    Executive Compensation Tables · Summary Compensation Table — Fiscal 2025
  6. 0001140361-23-007645
    Executive Compensation Tables
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This page is free to cite. Attribution we ask for:
Velarion, “Jefferies Financial Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/JEF (accessed 2026).
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The paid brief for Jefferies Financial Group

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.
6 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 Jefferies Financial Group discloses

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

Bank of America CorporationBlackRock, Inc.Evercore Inc.KKR & Co. Inc.Lazard Inc.Moelis & CompanyMorgan StanleyPJT Partners Inc.Raymond James Financial, Inc.Stifel Financial Corp.The Carlyle Group Inc.The Goldman Sachs Group, 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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