Transportation & Logistics
Lindblad Expeditions Holdings Executive Compensation (FY25)
LIND · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Natalya Leahy | Latest say-on-pay support = June 10, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of November 5, 2026Latest filing (8-K): June 11, 2026
13 filings cited on this page
Method: intel.velarion.ai/methodology
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247 figures on this page: 237 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
More on Lindblad Expeditions Holdings
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
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 of record: Benjamin L. Bressler → Natalya Leahy
Say-on-pay support: 82.2% → 97.8% (15.6 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Lindblad Expeditions Holdings' chief executive and what were they paid?
Total compensation for Natalya Leahy, Chief Executive Officer, came to $6,291,465 in fiscal 2025.
What was Lindblad Expeditions Holdings' say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.8% of votes cast including abstentions in favor at the meeting held June 10, 2026 for fiscal 2025.
What is Lindblad Expeditions Holdings' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 52.3:1, against median employee compensation of $120,385.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Noah Brodsky Chief Commercial Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Dolf Berle Former Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Benjamin Bressler President, Natural Habitat, Inc. | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Craig Felenstein Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dean Byus III Chief Expedition Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Craig Felenstein Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Sven-Olof Lindblad Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dean Byus III Chief Expedition Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Benjamin Bressler Founder and Chief Executive Officer, Natural Habitat, Inc. | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dolf Berle Former Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Noah Brodsky Former Chief Commercial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Benjamin L. Bressler Founder and Chief Executive Officer, Natural Habitat, Inc. | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Noah Brodsky Chief Commercial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
L. Dyson Dryden Former Interim Chief Financial Officer Departed during or after this year Served on an interim basis | — | — | ◇ | ◇ | — | — | — | ◇ |
Dean Byus III Chief Expedition Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Sven-Olof Lindblad Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Frederick Goldberg Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Craig Felenstein Former Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Natalya Leahy Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Benjamin Bressler Founder and Chief Executive Officer, Natural Habitat, Inc. | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Frederick Goldberg Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Dean Byus III Chief Expedition Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Noah Brodsky Former Chief Commercial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
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 |
|---|---|---|---|---|---|---|---|---|
| Benjamin L. Bressler | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Dean Byus III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Frederick Goldberg | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Natalya Leahy | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Natalya Leahy | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Noah Brodsky | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Benjamin Bressler | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Natalya Leahy | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Dean Byus III | Option | ◇ | — | ◇ | 03/31/33 |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 05/15/34 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Frederick Goldberg | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
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 |
|---|---|---|---|---|---|---|---|
Mark D. Ein Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Sven-Olof Lindblad | ◇ | ◇ | — | — | — | — | ◇ |
Thomas S. Smith | ◇ | ◇ | — | — | — | — | ◇ |
John M. Fahey | ◇ | ◇ | — | — | — | — | ◇ |
Andy Stuart | ◇ | ◇ | — | — | — | — | ◇ |
Alexander P. Schultz | ◇ | ◇ | — | — | — | — | ◇ |
L. Dyson Dryden | ◇ | ◇ | — | — | — | — | ◇ |
Elliott Bisnow | ◇ | ◇ | — | — | — | — | ◇ |
Pamela O. Kaufman | ◇ | ◇ | — | — | — | — | ◇ |
Annette Reavis | ◇ | ◇ | — | — | — | — | ◇ |
Catherine B. Reynolds | ◇ | ◇ | — | — | — | — | ◇ |
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 | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as Restricted Stock.
Stock ownership guideline: 5x cash retainer within 5 years
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
- Current symbol not shown
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 10, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 4, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 4, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 1, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 3, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 4, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 10, 2020 | = | ◇ | ◇ | ◇ |
| 2017 | June 12, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 7, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 2, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Natalya Leahy (Chief Executive Officer), FY2025 total compensation $6,291,465 (base salary $600,000) [exec_comp, SEC accession 0001104659-26-049586, filed 2026-04-28]What this page does not include
Everything above is a fact Lindblad Expeditions Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lindblad Expeditions Holdings 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 — $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 — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable 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.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
247 figures on this page: 237 cited to the filing that reported them, 10 calculated from figures it prints.
237 cited to the filing
10 calculated from the filing
Documents cited
- 0001437749-26-020326Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-26-049586DIRECTOR COMPENSATION FOR · DIRECTOR COMPENSATION FOR 2025 · Grants of Plan-Based Awards · Summary Compensation Table
- 0001437749-25-019558Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-25-037411Summary Compensation Table
- 0001437749-24-019267
- 0001104659-24-051954Summary Compensation Table
- 0001437749-23-016370Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-22-014246Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-21-014175Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-20-013127Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001213900-18-007600Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001213900-17-006227Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001213900-16-014017Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lindblad Expeditions Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LIND (accessed 2026).
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The paid brief for Lindblad Expeditions Holdings
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 $500 for the board report; $900 for both.
13 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}
}