How Carlino was paid
$14.1M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Peter M. CarlinoChairman and Chief Executive Officer | $1,808,468 | $2,648,800 | $5,952,100 | $3,089,466 | $556,084 | $14,054,918 |
| Brandon J. MoorePresident, Chief Operating Officer, and Secretary | $650,000 | $1,252,160 | $2,864,160 | $1,110,417 | $86,750 | $5,963,487 |
| Desiree A. BurkeChief Financial Officer and Treasurer | $600,000 | $866,880 | $1,982,880 | $768,750 | $74,953 | $4,293,463 |
| Matthew J. DemchykFormer Senior Vice President, Chief Investment Officer | $327,308 | $722,400 | $1,623,300 | — | $3,315,212 | $5,988,220 |
| Steven L. LadanySenior Vice President, Chief Development Officer | $460,000 | $722,400 | $1,623,300 | $589,375 | $61,719 | $3,456,794 |
What changed and why
- $14.1MPeter M. Carlino total compensation decreased to $14,054,918 in 2025 compared to $14,853,214 in 2024.
- 15%Guaranteed compensation represented approximately 15% of named executive officers average total compensation opportunity.
- 4.6xNet leverage was maintained at 4.6x on December 31, 2025.
- Total shareholder return performance resulted in a decrease in earned shares versus prior cycles.
- 96%Shareholders approved the executive compensation program with 96% 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.