Independence Realty Trust (IRT) executive compensation, 2026 proxy

Scott F. Schaeffer, Chief Executive Officer, was paid $5.3M in 2025, up 5% from $5M the year before. The CEO-to-median-employee pay ratio was 80:1, on median employee pay of $65,620.

Filed
March 19, 2026
Annual meeting
May 13, 2026
Pay year
2025
Named executives
4
CEO total pay
$5.3M+5% vs prior year
CEO to median employee
80:1median $65,620
CEO pay in equity
54%$2.8M in awards
Prior say-on-pay support
97%of votes cast
CEO Base Salary
$800,000For fiscal year 2025
CEO Target Bonus
$1,074,000Objective component target
2023 PSU Payout
131%Percentage of target earned
Total Outstanding Shares
235,647,309As of record date

How Schaeffer was paid

$5.3M 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.

Salary15%Bonus9%Stock awards54%Non-equity incentive21%All other compensation0%

Named executive officers

ExecutiveTotal
Scott F. SchaefferChief Executive Officer$5,266,937
James J. SebraPresident and Chief Financial Officer$2,477,308
Jason R. DelozierChief Accounting Officer$1,016,264
Michele WeisbaumGeneral Counsel$1,357,290

What changed and why

  • $5.3MCEO total compensation increased to $5,266,937 for 2025.
  • 97%Stockholders approved the 2024 say-on-pay proposal with over 97% support.
  • 131%2023 Performance Share Units were earned at 131% of target based on relative TSR and subjective criteria.
  • $800KThe CEO's base salary for 2025 was set at $800,000.

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.