How Olson was paid
$8.1M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|
| Jeffrey S. OlsonChairman and Chief Executive Officer | $1,100,000 | $4,892,465 | $2,091,243 | $22,500 | $8,106,208 |
| Jeffrey S. MooallemExecutive Vice President and Chief Operating Officer | $625,000 | $1,552,678 | $868,265 | $22,500 | $3,068,443 |
| Mark J. LangerExecutive Vice President and Chief Financial Officer | $622,000 | $1,291,436 | $957,398 | $55,000 | $2,925,834 |
| Heather OhlbergExecutive Vice President, General Counsel & Secretary | $393,077 | $524,982 | $713,319 | $12,599 | $1,643,977 |
| Robert C. Milton IIIFormer Executive Vice President, General Counsel & Secretary | $199,846 | $521,133 | — | $942,032 | $1,663,011 |
What changed and why
- $8.1MCEO total compensation decreased to $8,106,208 for fiscal year 2025 compared to $10,118,623 in the prior year.
- 92.6%Retail shop leased occupancy increased to a record high of 92.6% at the end of the year.
- 12%The 2025 annual dividend was increased by 12% over 2024 to $0.76 per share.
- 86.8%Shareholders approved the prior advisory say-on-pay vote with approximately 86.8% support.
- 50%Certain executives elected to receive 50% or 100% of their short-term incentive program entitlements in equity.
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.