How Jr. was paid
$8.9M 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 |
|---|---|---|---|---|---|
| Edward M. Weil, Jr.Chief Executive Officer and President | $1,000,000 | $5,618,969 | $2,000,000 | $260,816 | $8,879,785 |
| Christopher J. MastersonChief Financial Officer, Treasurer and Secretary | $440,000 | $1,225,960 | $1,034,000 | $69,473 | $2,769,433 |
| Jesse C. GallowayExecutive Vice President and General Counsel | $550,000 | $1,885,716 | $1,650,000 | $49,824 | $4,135,540 |
| Ori KravelChief Operating Officer | $415,000 | $1,123,797 | $1,037,500 | $56,353 | $2,632,650 |
What changed and why
- $1.0MCEO base salary was reduced to $1.0 million in 2025 compared to $2.0 million in 2024.
- 32%Total stockholder return reached 32% in 2025, outperforming net lease peers.
- 87%Target pay mix for the CEO consists of 87% variable compensation and 68% equity-based awards.
- 275%The maximum PSU payout was reduced from 275% to 225% with the addition of a debt metric.
- $1.8BThe company completed a $1.8 billion sale of its multi-tenant retail portfolio to become a pure-play net lease company.
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.