Companies RMR Group
RMR (RMR): executive pay, fiscal 2025
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CEO pay, last three years
- $4,212,670FY2023
- $4,916,896FY2024
- $4,817,047FY2025
CEO total pay was $4,817,047 in fiscal 2025, down from $4,916,896 in fiscal 2024.
FY2025: salary $375,000 · bonus $2,300,000 · stock awards $2,079,973 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Adam Portnoy | $375,000 | $2,300,000 | $2,079,973 | $0 | $0 | $0 | $62,074 | $4,817,047 |
| Managing Director, President and Chief Executive Officer | ||||||||
| Jennifer Clark | 375,000 | 2,880,000 | 1,204,975 | 0 | 0 | 0 | 61,623 | 4,521,598 |
| Former Managing Director, Executive Vice President, General Counsel and Secretary | ||||||||
| Matthew Jordan | 375,000 | 2,450,000 | 1,414,968 | 0 | 0 | 0 | 73,226 | 4,313,194 |
| Managing Director, Executive Vice President, Chief Operating Officer, Former Chief Financial Officer and Treasurer | ||||||||
| Christopher Bilotto | 375,000 | 950,000 | 1,154,974 | 0 | 0 | 0 | 35,179 | 2,515,153 |
| Executive Vice President | ||||||||
| John Murray | 37,500 | 191,250 | 699,977 | 0 | 0 | 0 | 46,597 | 975,323 |
| Executive Vice President | ||||||||
| Jeffrey Leer | 37,500 | 100,000 | 774,977 | 0 | 0 | 0 | 16,873 | 929,350 |
| Executive Vice President | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Adam Portnoy | $4,817,047 | $4,916,896 | $4,212,670 | ↓ −99,849 |
| Jennifer Clark | 4,521,598 | 4,576,695 | 4,651,216 | ↓ −55,097 |
| Matthew Jordan | 4,313,194 | 4,248,031 | 4,263,527 | ↑ +65,163 |
| Christopher Bilotto | 2,515,153 | 2,052,208 | — | ↑ +462,945 |
| John Murray | 975,323 | 1,400,606 | 1,609,491 | ↓ −425,283 |
| Jeffrey Leer | 929,350 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
We strive to maintain an executive compensation program which reflects best practices. We compensate our executive officers with a combination of base salary, cash bonus and equity compensation awards, and we also recommend to certain of our clients that they award equity to our executive officers as well.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Jeffrey Leer | RSU | 200 | — | $2,062 |
| Jeffrey Leer | RSU | 300 | — | 1,749 |
| Jeffrey Leer | RSU | 400 | — | 1,084 |
| Christopher Bilotto | RSU | 400 | — | 4,124 |
| Christopher Bilotto | RSU | 480 | — | 7,550 |
| Jeffrey Leer | RSU | 480 | — | 7,550 |
| Christopher Bilotto | RSU | 700 | — | 4,081 |
| Christopher Bilotto | RSU | 800 | — | 2,168 |
| Jeffrey Leer | RSU | 800 | — | 8,248 |
| Christopher Bilotto | RSU | 960 | — | 15,101 |
| Jeffrey Leer | RSU | 960 | — | 15,101 |
| Jennifer Clark | RSU | 1,000 | — | 10,310 |
| John Murray | RSU | 1,000 | — | 10,310 |
| Jeffrey Leer | RSU | 1,105 | — | 11,393 |
| Christopher Bilotto | RSU | 1,200 | — | 396 |
| Jennifer Clark | RSU | 1,200 | — | 18,876 |
| Matthew Jordan | RSU | 1,200 | — | 18,876 |
| John Murray | RSU | 1,200 | — | 18,876 |
| Christopher Bilotto | RSU | 1,400 | — | 8,162 |
| Jeffrey Leer | RSU | 1,400 | — | 8,162 |
| Jeffrey Leer | RSU | 1,600 | — | 528 |
| Christopher Bilotto | RSU | 1,600 | — | 4,336 |
| Jeffrey Leer | RSU | 1,859 | — | 10,838 |
| Jeffrey Leer | RSU | 1,959 | — | 30,815 |
| Jennifer Clark | RSU | 2,000 | — | 20,620 |
| Matthew Jordan | RSU | 2,000 | — | 20,620 |
| John Murray | RSU | 2,000 | — | 20,620 |
| John Murray | RSU | 2,212 | — | 22,806 |
| Christopher Bilotto | RSU | 2,212 | — | 22,806 |
| Adam Portnoy | RSU | 2,400 | — | 37,752 |
| Jennifer Clark | RSU | 2,400 | — | 37,752 |
| Matthew Jordan | RSU | 2,400 | — | 37,752 |
| John Murray | RSU | 2,400 | — | 37,752 |
| Christopher Bilotto | RSU | 3,000 | — | 13,230 |
| Jennifer Clark | RSU | 3,000 | — | 17,490 |
| John Murray | RSU | 3,000 | — | 17,490 |
| Jennifer Clark | RSU | 3,600 | — | 1,188 |
| John Murray | RSU | 3,632 | — | 37,446 |
| Christopher Bilotto | RSU | 3,632 | — | 37,446 |
| Jeffrey Leer | RSU | 3,632 | — | 37,446 |
| John Murray | RSU | 3,674 | — | 57,792 |
| Christopher Bilotto | RSU | 3,674 | — | 57,792 |
| Jennifer Clark | RSU | 3,982 | — | 41,054 |
| Jennifer Clark | RSU | 4,000 | — | 10,840 |
| Matthew Jordan | RSU | 4,000 | — | 23,320 |
| Christopher Bilotto | RSU | 4,000 | — | 23,320 |
| Jeffrey Leer | RSU | 4,740 | — | 12,845 |
| Adam Portnoy | RSU | 4,800 | — | 75,504 |
| Adam Portnoy | RSU | 5,088 | — | 52,457 |
| Matthew Jordan | RSU | 5,088 | — | 52,457 |
| Jeffrey Leer | RSU | 5,633 | — | 1,859 |
| Christopher Bilotto | RSU | 6,000 | — | 26,460 |
| Jeffrey Leer | RSU | 6,000 | — | 26,460 |
| Jennifer Clark | RSU | 6,000 | — | 34,980 |
| John Murray | RSU | 6,000 | — | 34,980 |
| John Murray | RSU | 6,198 | — | 36,134 |
| Christopher Bilotto | RSU | 6,198 | — | 36,134 |
| John Murray | RSU | 7,116 | — | 111,935 |
| Christopher Bilotto | RSU | 7,116 | — | 111,935 |
| Jeffrey Leer | RSU | 7,116 | — | 111,935 |
| Adam Portnoy | RSU | 7,349 | — | 115,600 |
| Jennifer Clark | RSU | 7,349 | — | 115,600 |
| Matthew Jordan | RSU | 7,349 | — | 115,600 |
| Jennifer Clark | RSU | 8,000 | — | 35,280 |
| Matthew Jordan | RSU | 8,000 | — | 35,280 |
| John Murray | RSU | 8,000 | — | 35,280 |
| John Murray | RSU | 9,756 | — | 56,877 |
| Christopher Bilotto | RSU | 9,756 | — | 56,877 |
| Jeffrey Leer | RSU | 9,756 | — | 56,877 |
| Jennifer Clark | RSU | 10,000 | — | 3,300 |
| Jennifer Clark | RSU | 10,898 | — | 112,358 |
| Jennifer Clark | RSU | 11,157 | — | 65,045 |
| John Murray | RSU | 12,000 | — | 32,520 |
| Adam Portnoy | RSU | 12,715 | — | 131,092 |
| Matthew Jordan | RSU | 12,715 | — | 131,092 |
| Jennifer Clark | RSU | 13,658 | — | 79,626 |
| John Murray | RSU | 14,084 | — | 4,648 |
| Christopher Bilotto | RSU | 14,084 | — | 4,648 |
| Jennifer Clark | RSU | 14,234 | — | 223,901 |
| Matthew Jordan | RSU | 14,234 | — | 223,901 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Ann LoganIndependent · Audit (Chair) · Compensation · Nominating/Governance | $117,500 | $100,000 | — | — | $0 | $217,500 |
| Rosen PlevnelievIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance · Lead Independent Director | 115,000 | 100,000 | — | — | 0 | 215,000 |
| Walter C. Watkins JrIndependent · Audit · Compensation · Nominating/Governance | 112,500 | 100,000 | — | — | 0 | 212,500 |
| Jonathan VeitchIndependent · Audit · Compensation · Nominating/Governance (Chair) | 112,500 | 100,000 | — | — | 0 | 212,500 |
| Jennifer B. ClarkEmployee director | 0 | 100,000 | — | — | 0 | 100,000 |
| Adam D. PortnoyEmployee director | 0 | 100,000 | — | — | 0 | 100,000 |
| Matthew P. JordanEmployee director · Newly elected | 0 | 0 | — | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $97,500 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 15,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $457,500 |
| Equity awards (grant-date value) | $600,000 |
| All other compensation | $0 |
| Total cost of the board | $1,057,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names RMR as a peer
Companies that benchmark against RMR
No companies currently name RMR as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Rithm Capital Corp. | 2025 | Michael Nierenberg | $1,000,000 | $12,000,007 | $0 | $7,440,000 | $20,450,903 |
| 2 | Kennedy-Wilson Holdings Inc. | 2024 | William McMorrow | 1,500,000 | 8,734,196 | 0 | 3,735,000 | 15,842,528 |
| 3 | Cohen & Steers Inc. | 2025 | Joseph Harvey | 600,000 | 4,719,995 | 0 | 0 | 6,991,951 |
| 4 | RMR Group | 2025 | Adam Portnoy | 375,000 | 2,079,973 | 0 | 0 | 4,817,047 |
| 5 | Bridge Investment Group Holdings Inc. | 2023 | Jonathan Slager | 500,000 | 2,651,000 | 0 | 550,005 | 4,448,449 |
| — | Brookfield Corporation | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| RMR Group | not disclosed | not disclosed | not disclosed | not disclosed |
| Bridge Investment Group Holdings Inc. | 55% | not disclosed | not disclosed | not disclosed |
| Brookfield Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Cohen & Steers Inc. | not disclosed | RSU 100 | not disclosed | McLagan |
| Kennedy-Wilson Holdings Inc. | not disclosed | PSU 66 · RSU 33 | Yes — Relative TSR | Ferguson Partners Consulting L.P. |
| Rithm Capital Corp. | 186% | not disclosed | No | FW Cook |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-03-26 | 170,462,536 | 432,282 | 89,841 | 99.75% | Passed |
| 2025 | 2025-03-27 | 170,701,806 | 1,430,170 | 70,987 | 99.17% | Passed |
| 2024 | 2024-03-27 | 171,571,365 | 1,671,662 | 55,172 | 99.04% | Passed |
| 2023 | 2023-03-29 | 169,656,519 | 1,794,006 | 149,518 | 98.95% | Passed |
| 2022 | 2022-03-10 | 170,508,041 | 2,087,325 | 281,030 | 98.79% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-03-26 | 99.75%a |
| 2025 | 2025-03-27 | 99.17%b |
| 2024 | 2024-03-27 | 99.04%c |
a. Approved under the standard stated in the filing — “Advisory vote to approve executive compensation -- Majority of all votes cast*”.
b. Approved under the standard stated in the filing — “Advisory vote to approve executive compensation -- Majority of all votes cast*”.
c. Approved under the standard stated in the filing — “Advisory vote to approve executive compensation -- Majority of all votes cast*”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 49.67 : 1 |
|---|---|
| CEO total compensation | $4,817,047 |
| Median employee compensation | $96,984 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (24 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Adam Portnoy. DEF 14A, filed 2026-01-15. Section “Summary Compensation Table” · page 37. As printed: 4,817,047. View filing ↗
- Section 01, Jennifer Clark. DEF 14A, filed 2026-01-15. Section “Summary Compensation Table”. As printed: 4,521,598. View filing ↗
- Section 01, Matthew Jordan. DEF 14A, filed 2026-01-15. Section “Summary Compensation Table”. As printed: 4,313,194. View filing ↗
- Section 01, Christopher Bilotto. DEF 14A, filed 2026-01-15. Section “Summary Compensation Table”. As printed: 2,515,153. View filing ↗
- Section 01, John Murray. DEF 14A, filed 2026-01-15. Section “Summary Compensation Table”. As printed: 975,323. View filing ↗
- Section 01, Jeffrey Leer. DEF 14A, filed 2026-01-15. Section “Summary Compensation Table”. As printed: 929,350. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-01-15. Section “CEO Pay Ratio”. As printed: 49.67 : 1. View filing ↗
- Section 08, Ann Logan. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 217,500. View filing ↗
- Section 08, Rosen Plevneliev. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 215,000. View filing ↗
- Section 08, Walter C. Watkins Jr. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 212,500. View filing ↗
- Section 08, Jonathan Veitch. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 212,500. View filing ↗
- Section 08, Jennifer B. Clark. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 100,000. View filing ↗
- Section 08, Adam D. Portnoy. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 100,000. View filing ↗
- Section 08, Matthew P. Jordan. DEF 14A, filed 2026-01-15. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-03-26. Item 5.07 · say-on-pay result. As reported: 99.75% (votes for as printed: 170,462,536). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-03-27. Item 5.07 · say-on-pay result. As reported: 99.17% (votes for as printed: 170,701,806). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-03-27. Item 5.07 · say-on-pay result. As reported: 99.04% (votes for as printed: 171,571,365). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 457,500 + equity 600,000 + all other 0 = 1,057,500, summed across the director compensation table rows.
- Rithm Capital Corp., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Rithm Capital Corp.'s own proxy. As printed: 20,450,903. View filing ↗
- Kennedy-Wilson Holdings Inc., Section 10b CEO total. DEF 14A, filed 2025-04-25. CEO total compensation as printed in Kennedy-Wilson Holdings Inc.'s own proxy. As printed: 15,842,528. View filing ↗
- Cohen & Steers Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Cohen & Steers Inc.'s own proxy. As printed: 6,991,951. View filing ↗
- RMR Group (subject), Section 10b CEO total. DEF 14A, filed 2026-01-15. CEO total compensation as printed in RMR Group's own proxy. As printed: 4,817,047. View filing ↗
- Bridge Investment Group Holdings Inc., Section 10b CEO total. DEF 14A, filed 2024-03-21. CEO total compensation as printed in Bridge Investment Group Holdings Inc.'s own proxy. As printed: 4,448,449. View filing ↗