How Bernstein was paid
$6.9M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Kenneth F. BernsteinChief Executive Officer and President | $850,000 | $3,574,544 | $2,486,898 | $10,788 | $6,922,230 |
| John GottfriedChief Financial Officer and Executive Vice President | $509,000 | $998,612 | $754,501 | $10,788 | $2,272,901 |
| Jason BlacksbergChief Legal Officer and Executive Vice President | $487,000 | $616,798 | $708,744 | $10,788 | $1,823,330 |
| Joseph NapolitanoChief Administrative Officer and Senior Vice President | $402,000 | $528,665 | $587,370 | $10,788 | $1,528,823 |
| Reginald LivingstonChief Investment Officer and Executive Vice President | $412,000 | $411,160 | $606,348 | $10,788 | $1,440,296 |
What changed and why
- $6.9MKenneth F Bernstein received a total compensation of $6,922,230 for 2025, an increase from $6,235,702 in 2024.
- 70%Annual incentives were formulaic, based 70 percent on corporate financial metrics, 10 percent on strategic objectives, and 20 percent on individual performance.
- All named executive officers elected to receive annual incentives in the form of time-based Restricted LTIP Units.
- Equity awards feature long-term vesting periods and post-vesting holding periods ranging from two to seven years.
- 93.8%Shareholders approved the 2025 say-on-pay proposal with approximately 93.8 percent support.
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.