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Lindblad Expeditions Holdings Executive Compensation (FY25)

LIND · New York, NY · Executive and director compensation, fiscal 2023 to 2025

The paid brief on 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 $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (8-K): June 11, 2026
13 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Lindblad Expeditions Holdings brief$1,500Get the executive brief
189 figures on this page: 179 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Natalya Leahy
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee

More on Lindblad Expeditions Holdings

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 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 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dean Byus III
Chief Expedition Officer
◇—◇◇◇—◇◇
Benjamin Bressler
Founder and Chief Executive Officer, Natural Habitat, Inc.
◇◇◇———◇◇
Noah Brodsky
Former Chief Commercial Officer
◇—◇—◇—◇— not reconciled
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Benjamin L. Bressler
Founder and Chief Executive Officer, Natural Habitat, Inc.
◇◇◇◇——◇◇
Noah Brodsky
Chief Commercial Officer
◇—◇◇◇—◇◇
Dean Byus III
Chief Expedition Officer
◇—◇◇◇—◇◇
Sven-Olof Lindblad
Chief Executive Officer
◇———◇—◇◇
Frederick Goldberg
Chief Financial Officer
◇◇◇————◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin L. BresslerRSU◇——◇——◇
Dean Byus IIIRSU◇——◇——◇
Frederick GoldbergRSU◇——◇——◇
Natalya LeahyRSU◇——◇——◇
Natalya LeahyRSU◇——◇——◇
Noah BrodskyRSU◇——◇——◇
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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Dean Byus IIIOption◇—◇—
PSU◇◇——
Option◇—◇—
RSU◇◇——
PSU◇◇——
PSU◇◇——
Fredrick GoldbergRSU◇◇——
PSU◇◇——
Benjamin L. BresslerPSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark D. Ein
Lead independent director
◇◇————◇
Sven-Olof Lindblad
◇◇————◇
Thomas S. Smith
◇◇————◇
John M. Fahey
◇◇————◇
Andy Stuart
◇◇————◇
Pamela O. Kaufman
◇◇————◇
L. Dyson Dryden
◇◇————◇
Elliott Bisnow
◇◇————◇
Alexander P. Schultz
◇◇————◇
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.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 4, 2025=◇◇◇
2023June 4, 2024=◇◇◇
2022June 1, 2023=◇◇◇
2021June 3, 2022=◇◇◇
2020June 4, 2021=◇◇◇
2019June 10, 2020=◇◇◇
2017June 12, 2018=◇◇◇
2016June 7, 2017=◇◇◇
2015June 2, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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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.
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.
Board Governance Report — $1,200
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.
Velarion Intelligence
Adviser 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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
189 figures on this page: 179 cited to the filing that reported them, 10 calculated from figures it prints.
179 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001437749-26-020326
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-049586
    DIRECTOR COMPENSATION FOR · DIRECTOR COMPENSATION FOR 2025 · Grants of Plan-Based Awards · OUTSTANDING EQUITY AWARDS AT 2025 FISCAL YEAR-END · and 1 more section
  3. 0001437749-25-019558
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-037411
    Summary Compensation Table
  5. 0001437749-24-019267
  6. 0001104659-24-051954
    Summary Compensation Table
  7. 0001437749-23-016370
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001437749-22-014246
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001437749-21-014175
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001437749-20-013127
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001213900-18-007600
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001213900-17-006227
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001213900-16-014017
    Item 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, FY2023–FY2025.” https://intel.velarion.ai/comp/LIND (accessed 2026).
Short form: data: Velarion

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 $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
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}
}
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