How Thomas was paid
$23M 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 |
|---|---|---|---|---|---|
| Owen D. ThomasChief Executive Officer | $950,000 | $19,317,943 | $2,758,900 | $20,462 | $23,047,305 |
| Douglas T. LindePresident | $800,000 | $13,167,709 | $2,230,600 | $41,465 | $16,239,774 |
| Michael E. LaBelleExecutive Vice President, Chief Financial Officer & Treasurer | $550,000 | $6,105,584 | $1,467,500 | $31,385 | $8,154,469 |
| Bryan J. KoopExecutive Vice President, Boston Region | $450,000 | $4,194,012 | $1,548,750 | $40,315 | $6,233,077 |
| Hilary J. SpannExecutive Vice President, New York Region | $450,000 | $4,146,107 | $1,151,000 | $19,998 | $5,767,105 |
What changed and why
- $23MOwen D. Thomas received total compensation of $23,047,305 for fiscal 2025, compared to $12,844,078 for the prior year.
- $140KThe CEO pay ratio was 164.5 to 1 based on a median employee compensation of $140,113.
- Stock awards for the CEO included time-based LTIP units, MYLTIP awards, and OPP awards.
- 89%Approximately 89% of the votes cast supported the say-on-pay proposal at the 2025 annual meeting.
- 68%The company reached out to stockholders owning 68% of outstanding shares following the OPP grants.
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.