How Lebovitz was paid
$4.6M 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 |
|---|---|---|---|---|---|---|
| Stephen D. LebovitzDirector, Chief Executive Officer | $719,442 | $552,516 | $1,723,203 | $1,350,743 | $258,741 | $4,604,645 |
| Benjamin A. JaenickeExecutive Vice President – Chief Financial Officer and Treasurer | $404,000 | $355,681 | $1,406,224 | $499,097 | $8,750 | $2,673,752 |
| Michael I. LebovitzPresident | $428,691 | $223,309 | $735,347 | $381,470 | $8,750 | $1,777,567 |
| Katie A. ReinsmidtExecutive Vice President – Chief Operating Officer | $353,500 | $253,612 | $735,347 | $369,053 | $8,750 | $1,720,262 |
| Jeffery V. CurryChief Legal Officer and Secretary | $406,443 | $160,686 | $735,347 | $274,493 | $8,750 | $1,585,719 |
What changed and why
- $4.6MCEO total compensation increased to $4,604,645 in 2025 from $4,391,267 in 2024.
- 99%Shareholder support for say-on-pay reached over 99% of votes cast in favor.
- $240.7MCBL closed on dispositions generating approximately $240.7 million of gross proceeds in 2025.
- Long-term incentive awards consist of performance stock units and annual restricted stock.
- Executive employment agreements were updated in February 2026.
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.