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Moodys Executive Compensation (FY25)

MCO · New York, NY · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Moodys

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 20, 2026Latest filing (8-K): April 16, 2026
11 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Moodys brief$1,500Get the executive brief
354 figures on this page: 346 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Robert Fauber
Latest say-on-pay support
=
April 14, 2026
Chief executive pay ratio
◇
To the median employee

More on Moodys

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2023 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 — Robert Fauber: $14,387,659 → $18,082,565 (25.7% higher)
Say-on-pay support: 87.0% → 96.2% (9.2 points higher)
CEO pay ratio: 159:1 → 146:1 (8.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Moodys' chief executive and what were they paid?
Robert Fauber, President and Chief Executive Officer, received $18,082,565 in total compensation for fiscal 2025. Fauber's total moved 25.7% higher from the $14,387,659 reported for fiscal 2023.
What was Moodys' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.2% of votes cast including abstentions in favor at the meeting held April 14, 2026.
Which companies are in Moodys' peer group?
The disclosed peer group includes CME Group Inc., Equifax Inc., Fair Isaac Corporation, Fidelity National Information Services, Inc. and Fiserv Inc., among others.
What is Moodys' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 146:1, against median employee compensation of $123,561.

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
Robert Fauber
President and Chief Executive Officer
◇—◇◇◇—◇◇
Mark Kaye
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Stephen Tulenko
President, Moody's Analytics
◇—◇◇◇—◇◇
Michael West
President, Moody's Investors Service
◇—◇◇◇—◇◇
John Goggins
Executive Vice President and General Counsel
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Fauber
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Stephen Tulenko
President of Moody's Analytics
◇—◇◇◇◇◇◇
Michael West
President of Moody's Investors Service
◇—◇◇◇—◇◇
Mark Kaye
Executive Vice President and Chief Financial Officer
◇—◇◇——◇◇
John J. Goggins
Executive Vice President and General Counsel
◇—◇◇◇◇◇◇
Richard Steele
Senior Vice President and General Counsel
◇—◇◇◇◇◇◇
Caroline Sullivan
Interim Chief Financial Officer, Chief Accounting Officer and Controller
Served on an interim basis
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Fauber
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Michael West
President of Moody's Ratings
◇—◇◇◇—◇◇
Noémie Heuland
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Stephen Tulenko
Former President of Moody's Analytics
Departed during or after this year
◇—◇◇—◇◇◇
Richard Steele
Senior Vice President and General Counsel
◇—◇◇◇◇◇◇
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
Michael WestOPTION◇——◇—◇◇
Michael WestPSU◇◇◇—◇—◇
Michael WestPSU◇—— withheld—◇—◇
Richard SteeleOPTION◇——◇—◇◇
Richard SteelePSU◇—— withheld—◇—◇
Richard SteelePSU◇◇◇—◇—◇
Robert FauberPSU◇◇◇—◇—◇
Robert FauberPSU◇—— withheld—◇—◇
Robert FauberPSU◇◇◇—◇—◇
Robert FauberRSU◇——◇——◇
Robert FauberOPTION◇——◇—◇◇
Robert FauberOPTION◇——◇—◇◇
Stephen TulenkoPSU◇◇◇—◇—◇
Stephen TulenkoPSU◇—— withheld—◇—◇
Stephen TulenkoOPTION◇——◇—◇◇
Fiscal 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
Stephen TulenkoOption◇—◇2/20/2034
Option◇—◇2/20/2024
Option◇—◇2/20/2024
Option◇—◇2/21/2023
PSU◇◇——
RSU◇◇——
PSU◇◇——
Michael WestOption◇—◇2/21/2023
Option◇—◇2/21/2023
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/17/2022
RSU◇◇——
RSU◇◇——
Option◇—◇2/20/2024
Richard SteeleOption◇—◇2/21/2023
Option◇—◇2/21/2023
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/17/2022
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Noémie HeulandOption◇—◇5/7/2024
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Robert FauberOption◇—◇2/20/2034
Option◇—◇2/21/2033
Option◇—◇2/17/2032
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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.
Michael West
President of Moody's Ratings · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Noémie Heuland
Senior Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Richard Steele
Senior Vice President and General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Non-compete period◇
Non-solicit period◇
Robert Fauber
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vincent A. Forlenza
Board chair
◇◇————◇
Kathryn M. Hill
◇◇————◇
Leslie F. Seidman
◇◇————◇
Jorge A. Bermudez
◇◇————◇
Thérèse Esperdy
◇◇————◇
Zig Serafin
◇◇————◇
Bruce Van Saun
◇◇————◇
Jose M. Minaya
◇◇————◇
Lloyd W. Howell, Jr
◇◇————◇
Sumit Dhawan
◇◇————◇
Lisa P. Sawicki and Robert Fauber 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◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: Moody’s directors are subject to stock holdings requirements (a multiple of the cash retainer), which are described below under "Stock Ownership Guidelines For Non-Employee Directors".

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • CME Group Inc. CME
  • Equifax Inc. EFX
  • Fair Isaac Corporation FICO
  • Fidelity National Information Services, Inc. FIS
  • Fiserv Inc. FI
  • Gartner Inc. IT
  • Global Payments Inc. GPN
  • Intercontinental Exchange, Inc. ICE
  • Marsh & McLennan Companies, Inc. MMC
  • MSCI Inc. MSCI
  • Nasdaq, Inc. NDAQ
  • S&P Global Inc. SPGI
  • Thomson Reuters Corp. TRI
  • Verisk Analytics, Inc. VRSK
  • Workday, Inc. WDAY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 14, 2026=◇◇◇
2024April 15, 2025=◇◇◇
2023April 16, 2024=◇◇◇
2022April 18, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 20, 2021=◇◇◇
2019April 21, 2020=◇◇◇
2018April 16, 2019=◇◇◇

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 Moodys disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Moodys 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.
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.
354 figures on this page: 346 cited to the filing that reported them, 8 calculated from figures it prints.
346 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001059556-26-000031
  2. 0001059556-26-000019
    CEO PAY RATIO · COMPENSATION OF DIRECTORS · Compensation Discussion and Analysis · GRANTS OF PLAN-BASED AWARDS TABLE FOR 2025 · and 2 more sections
  3. 0001059556-25-000107
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-24-102931
  5. 0001193125-24-060138
    SUMMARY COMPENSATION TABLE
  6. 0001193125-23-110605
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-23-064073
    Summary Compensation Table
  8. 0001193125-22-135549
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-21-131439
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-20-120693
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-19-109219
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Moodys executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MCO (accessed 2026).
Short form: data: Velarion

The paid brief for Moodys

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
11 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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Peers Moodys discloses

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

CME Group Inc.Equifax Inc.Fair Isaac CorporationFidelity National Information Services, Inc.Gartner Inc.Global Payments Inc.Intercontinental Exchange, Inc.Marsh & McLennan Companies, Inc.MSCI Inc.Nasdaq, Inc.S&P Global Inc.Verisk Analytics, Inc.Workday, 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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