How Shelley-Kessler was paid
$4M 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 |
|---|---|---|---|---|---|
| Wendy L. SimpsonExecutive Chairman | $500,000 | — | $515,625 | $8,600 | $1,024,225 |
| Pamela J. Shelley-KesslerCo-President and Co-Chief Executive Officer | $650,000 | $2,250,000 | $1,117,188 | $10,350 | $4,027,538 |
| Clint B. MalinCo-President and Co-Chief Executive Officer | $650,000 | $2,250,000 | $1,117,188 | $9,537 | $4,026,725 |
| Caroline ChikhaleExecutive Vice President, Chief Financial Officer, Treasurer and Corporate Secretary | $450,000 | $800,000 | $556,875 | $10,350 | $1,817,225 |
| David M. BoitanoExecutive Vice President and Chief Investment Officer | $348,718 | $200,000 | $438,281 | — | $986,999 |
| John G. SatterwhiteExecutive Vice President, Asset Management | $380,000 | $600,000 | $470,250 | $10,350 | $1,460,600 |
What changed and why
- $4MCo-CEO Pamela J. Shelley-Kessler received total compensation of $4,027,538 for 2025.
- $4MCo-CEO Clint B. Malin received total compensation of $4,026,725 for 2025.
- $1MWendy L. Simpson transitioned to Executive Chairman and received total compensation of $1,024,225.
- 95%Approximately 95% of votes cast approved the 2025 say-on-pay proposal.
- 50%Equity grant values remained 50% contingent on positive three-year TSR performance.
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.