How Wyll was paid
$4.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Ernest S. RadyExecutive Chairman of the Board | $600,000 | $1,000,000 | — | — | $42,487 | $1,642,487 |
| Adam WyllPresident and Chief Executive Officer | $750,000 | $476,250 | $2,228,916 | $952,500 | $398,372 | $4,806,038 |
| Robert F. BartonExecutive Vice President and Chief Financial Officer | $600,000 | $300,000 | $1,379,807 | $600,000 | $260,680 | $3,140,487 |
| Jerry GammieriSenior Vice President of Construction and Development | $378,000 | $141,750 | $477,626 | $283,500 | $105,154 | $1,386,030 |
What changed and why
- $4.8MCEO total compensation decreased to $4,806,038 for 2025 compared to $5,335,084 for 2024.
- 97%Stockholders overwhelmingly approved the 2025 say-on-pay proposal with over 97% of votes cast in favor.
- Performance-based restricted stock awards for executives utilize a Monte Carlo simulation model linked to the S&P 600 Real Estate Index.
- 19.9%Ernest S. Rady received no stock grants in December 2025 due to charter ownership limits preventing holdings above 19.9%.
- Executive bonuses include both discretionary cash components and financial- and operational-performance-based incentive cash components.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.