Nelnet, Inc. filings document operating results, subsidiary banking disclosures, governance matters, and financing arrangements for a company active in loan servicing, loan asset management, education technology, payment services, and Nelnet Bank. Its 8-K reports furnish quarterly earnings materials, Regulation FD disclosures for Nelnet Bank Call Reports, material agreements, and board-level changes.
Proxy materials describe director elections, executive compensation, equity awards, shareholder voting matters, and board governance. Financing disclosures include credit agreements, subsidiary guarantees, borrowing covenants, recourse indebtedness limits, and asset quality tests tied to non-FFELP loans held by the company and its consolidated subsidiaries.
Nelnet Inc. insider Adam K. Peterson converted 9,544 phantom stock units into 9,544 shares of Class A Common Stock. These phantom shares were granted under the issuer's Directors Stock Compensation Plan and became payable in stock when he resigned from the Board of Directors on March 23, 2026.
Following the conversion and related exercise, Peterson is reported as having 1,678,520 shares of Class A Common Stock, including 1,668,976 shares directly owned by Magnolia Capital Fund, LP, where The Magnolia Group, LLC is general partner and investment manager and Peterson is the managing member.
The Vanguard Group filed Amendment No. 1 to a Schedule 13G/A reporting its holdings in Nelnet Inc. The amendment states 0 shares beneficially owned, representing 0% of the class, following an internal realignment described in SEC Release No. 34-39538 dated January 12, 2026. The filing is signed by Ashley Grim on 03/27/2026.
The disclosure explains certain Vanguard subsidiaries will report beneficial ownership separately after the realignment; the filing lists the issuer address as 121 S 13th St, Lincoln, NE.
Nelnet, Inc. reported that director Adam Peterson resigned from its Board of Directors effective immediately on March 23, 2026. The company states his decision was due to business and personal reasons and was not the result of any disagreement over operations, policies, or practices. The Board and management publicly thanked Peterson for his dedicated service and significant contributions during his tenure.
Nelnet Inc.'s Secretary and Chief Legal Officer William J. Munn reported compensation-related stock activity. On March 10, 2026, he received 3,011 restricted shares under the Restricted Stock Plan that vest in equal installments over five years, and 2,597 shares as a 2025 performance-based bonus paid in stock. To cover related tax obligations, the issuer withheld a total of 1,204 shares at values based on closing market prices. After these awards and tax-withholding dispositions, Munn holds 7,924 Class A shares directly and 11,103 shares indirectly through a living trust he and his spouse administer.
Nelnet Inc Chief People Services Officer Emily Olinger reported routine equity compensation activity in Class A Common Stock. On March 10, 2026, she received a total of 3,990 shares as restricted and performance-based stock awards, while 670 shares were withheld by the company to cover tax obligations. After these transactions, she directly holds 7,859 shares.
Nelnet Inc. Chief Financial Officer James D. Kruger reported stock-based compensation and related tax withholding in Class A Common Stock. On March 10, 2026, he received two share awards totaling 16,183 shares under the company’s restricted stock and bonus plans. The company withheld 5,310 shares, valued at per-share amounts including $131.23 and $132.87, to cover his tax obligations rather than selling shares on the open market. Following these transactions, he continues to hold a substantial direct position in Nelnet stock and also reports indirect beneficial ownership through GRATs, revocable trusts, and family trusts, while disclaiming beneficial ownership beyond his pecuniary interest.
Nelnet Inc. Chief Operating Officer Terry J. Heimes reported compensation-related stock activity in Class A Common Stock. He received 7,527 restricted shares that vest in equal installments over five years and 6,492 shares as his 2025 performance-based bonus, both under the company’s Restricted Stock Plan. The issuer withheld 5,274 shares at assigned per-share values of 131.23 and 132.87 to satisfy related tax obligations, a non-market disposition. Following these transactions, Heimes holds 27,923 shares directly, and also reports additional indirect holdings through revocable trusts, a spouse account, and children’s trusts.
NELNET INC executive DeeAnn Wenger, President of Nelnet Business Services, reported stock-based compensation activity in Class A Common Stock on March 10, 2026. She received 3,764 restricted shares under the Restricted Stock Plan that vest equally over five years starting each March 10, and 2,164 shares as her 2025 performance-based bonus paid in stock. To cover related tax obligations, the issuer withheld a total of 1,278 shares at per-share values based on closing market prices, leaving her with 31,025 shares held directly after these routine, non–open-market transactions.
NELNET INC President Timothy Tewes reported equity compensation awards and related tax-withholding transactions in Class A Common Stock. On March 10, 2026, he received 7,527 restricted shares under the Restricted Stock Plan that vest in equal installments over five years, and 8,656 shares as his 2025 performance-based bonus paid in stock. To cover associated tax obligations, 5,307 shares were withheld by the issuer at per-share values of $131.23 and $132.87 assigned under the tax arrangements. Following these awards and tax withholdings, Tewes directly holds 94,048 shares of Class A Common Stock, reflecting routine compensation activity rather than open-market buying or selling.
NELNET INC director and NFS President Matthew W. Dunlap reported routine equity compensation activity involving Class A common stock. On March 10, he received a grant of 3,764 restricted Class A shares at a stated price of $0.00 per share, increasing his direct Class A holdings to 17,069 shares, which include 28 shares acquired through the company’s dividend reinvestment plan since December 3, 2025.
On the same date, 97 Class A shares (two entries of 30 and 67 shares) were withheld by the issuer at a per-share value of $131.23 to cover tax obligations arising from the vesting of a previously reported share grant. These tax-withholding dispositions are not open‑market sales. He also directly holds 226,197 shares of Class B common stock as of this filing.