How O’Reilly was paid
$7.8M 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 |
|---|---|---|---|---|---|---|
| David O’ReillyChief Executive Officer | $1,000,000 | — | $4,677,785 | $2,100,000 | $48,993 | $7,826,778 |
| L. Jay CrossFormer President | $377,885 | — | $2,390,973 | — | $4,644,203 | $7,413,060 |
| Carlos A. OleaChief Financial Officer | $550,000 | — | $1,403,335 | $990,000 | $30,137 | $2,973,473 |
| Joseph ValaneChief Legal Officer & Secretary | $500,000 | — | $779,631 | $600,000 | $25,973 | $1,905,604 |
| Doug JohnstonePresident, HHC Hawaii Region & National Condo Development | $574,808 | $625,000 | $623,705 | — | $33,815 | $1,857,328 |
| Andrew DavisHHC Chief Operating Officer | $499,514 | $625,000 | $779,631 | — | $30,758 | $1,934,903 |
What changed and why
- 7,826,778 was CEO David O’Reilly’s 2025 total compensation, compared with 5,724,877 in 2024.
- 2,100,000 was the CEO’s 2025 non-equity incentive compensation.
- 4,677,785 was the CEO’s 2025 stock-award value, including time- and performance-based restricted stock.
- 4,567,308 of L. Jay Cross’s other compensation was severance following his September 2025 retirement.
- 59 to 1 was the 2025 CEO-to-median-employee pay ratio, based on median compensation of 132,130.
- NAV growth over three years determined vesting for performance-based restricted stock awards.
Other Howard Hughes Holdings proxy statements
- 2025 proxy statement
David O’Reilly paid $5.7M (+15% on the year), pay ratio 42:1.
Filed Aug 15, 2025
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.