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Companies Vivmark Residential

Vivmark Residential (VMRK): executive pay, fiscal 2025

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CEO total pay$12,759,187CEO Mark Parrell · source
Say-on-pay support89.81%Latest vote · source
CEO vs. named peers47th pct.Of 16 peer CEOs
CEO pay ratio120:1To the median employee · source

CEO pay, last three years

  • $11,361,059FY2023
  • $11,359,954FY2024
  • $12,759,187FY2025

CEO total pay was $12,759,187 in fiscal 2025, up from $11,359,954 in fiscal 2024.

FY2025: salary $900,000 · bonus $0 · stock awards $8,023,668 · option awards $1,498,741

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Vivmark Residential in fiscal 2025?
As disclosed, Mark Parrell (President & Chief Executive Officer) was the highest-paid executive at Vivmark Residential in fiscal 2025, with total compensation of $12,759,187.
How does Vivmark Residential's chief executive pay compare to its disclosed peer group?
As disclosed, Mark Parrell's total compensation ranked at the 47th percentile of Vivmark Residential's disclosed peer group.
What is Vivmark Residential's CEO-to-median employee pay ratio?
As disclosed, Vivmark Residential's CEO-to-median employee pay ratio was 120:1.
How did shareholders vote on Vivmark Residential's executive compensation?
As disclosed, 89.81% of shareholders supported Vivmark Residential's executive compensation in the latest say-on-pay vote.
How much does Vivmark Residential spend in total on board compensation for fiscal 2025?
As disclosed, Vivmark Residential reported total board compensation of $3,155,374 for fiscal 2025.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark Parrell$900,000$0$8,023,668$1,498,741$2,317,613$0$19,165$12,759,187
President & Chief Executive Officer
Michael Manelis675,00003,434,08601,165,084022,6565,296,826
Executive Vice President & Chief Operating Officer
Robert Garechana625,00002,640,380359,2991,102,219021,4864,748,384
Executive Vice President & Chief Investment Officer
Alexander Brackenridge625,00002,883,38701,149,094011,9474,669,428
Executive Vice President - Investments
Scott Fenster550,00001,542,2660759,462018,9352,870,663
Executive Vice President & General Counsel
Bret McLeod245,61601,249,9440825,48102,8222,323,863
Executive Vice President & Chief Financial Officer

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Mark Parrell$12,759,187$11,359,954$11,361,059↑ +1,399,233
Michael Manelis5,296,8264,792,7324,570,246↑ +504,094
Robert Garechana4,748,3844,194,2094,130,355↑ +554,175
Alexander Brackenridge4,669,4284,164,9914,057,618↑ +504,437
Scott Fenster2,870,6632,641,3322,601,332↑ +229,331
Bret McLeod2,323,86300↑ +2,323,863

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

The Company's 2025 Executive Compensation Program is based on a strong performance-oriented compensation philosophy to align executive and shareholder interests and is designed to attract, retain and motivate talented executives. Approximately 92% of the CEO's pay and an average of 84% of other NEO pay is tied solely to performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFerguson Partners Consulting
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark ParrellRSU2025-02-05——22,095—$1,498,704
Robert GarechanaRSU2025-02-05——15,891—1,077,887
Michael ManelisPSU2025-01-0111,06522,130—44,2601,687,470
Alexander BrackenridgeRSU2025-02-05——20,971—1,508,444
Scott FensterRSU2025-02-05——12,197—827,323
Mark ParrellOption2025-02-05——113,455—1,498,741
Scott FensterPSU2025-01-014,6889,376—18,752714,943
Bret McLeodRSU2025-08-07——19,564—1,249,944
Robert GarechanaPSU2025-01-0110,35920,718—41,4361,562,493
Mark ParrellPSU2025-01-0143,73387,466—174,9326,524,964
Alexander BrackenridgePSU2025-01-018,81617,632—35,2641,374,943
Robert GarechanaOption2025-02-05——27,199—359,299
Michael ManelisRSU2025-02-05——25,383—1,746,616

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Parrell$1,498,704$6,524,964$1,498,74168.5%
Robert Garechana1,077,8871,562,493359,29952.1%
Michael Manelis1,746,6161,687,470049.1%
Alexander Brackenridge1,508,4441,374,943047.7%
Scott Fenster827,323714,943046.4%
Bret McLeod1,249,944000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Scott FensterOption5,18166.59—
Robert GarechanaOption8,88066.59—
Scott FensterOption11,40260.96—
Michael ManelisOption19,23966.59—
Mark ParrellRSU19,564—1,233,315
Robert GarechanaOption20,23660.96—
Michael ManelisOption22,43260.96—
Robert GarechanaOption27,19971.93—
Scott FensterPSU28,827—1,817,254
Scott FensterRSU30,816—1,942,641
Mark ParrellOption38,89060.96—
Mark ParrellOption38,91966.59—
Robert GarechanaRSU49,348—3,110,898
Alexander BrackenridgePSU55,182—3,478,673
Michael ManelisRSU55,614—3,505,907
Robert GarechanaPSU59,233—3,734,048
Alexander BrackenridgeRSU61,768—3,893,855
Michael ManelisPSU67,700—4,267,808
Mark ParrellRSU79,006—4,980,538
Mark ParrellOption113,45571.93—
Mark ParrellPSU270,159—17,030,823
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David J. NeithercutNot independent · Board Chair · Executive (Chair)$94,000—$459,994——$553,994
Stephen E. SterrettIndependent · Executive · Audit · Compensation176,500209,986———386,486
Mary Kay HabenIndependent · Governance · Compensation (Chair)147,500209,986———357,486
Linda Walker BynoeGovernance · Audit · Not standing for re-election145,000209,986———354,986
Angela M. AmanIndependent · Executive · Audit (Chair)144,500209,959———354,459
Nina P. JonesIndependent · Governance (Chair) · Audit120,000209,986———329,986
Mark S. ShapiroIndependent · Governance · Compensation117,500209,959———327,459
Tahsinul Zia HuqueIndependent · Governance · Compensation117,500209,959———327,459
Ann C. HoffIndependent · Audit · Compensation115,000209,986———324,986
Chris CarrIndependent · Governance · Audit52,500189,817———242,317
John E. NealAudit · Executive · Departed during FY55,750000055,750
Mark ParrellEmployee director · Executive000—00

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$210,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 30,000 / 25,000
Stock ownership guidelineMeaningful Share Ownership Guidelines for Trustees and Executives

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,285,750
Equity awards (grant-date value)$1,869,624
All other compensation$0
Total cost of the board$3,155,374

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Vivmark Residential as a peer

Companies that benchmark against VMRK

24 companies name VMRK as a compensation peer

The list of companies that name VMRK as a peer is temporarily unavailable — recheck shortly.

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Welltower Inc.2025Shankh Mitra$1,300,000$813,178,818$0$6,500,000$821,090,355
2BXP, Inc.2025Owen Thomas950,00019,317,94302,758,90023,047,305
3Equinix, Inc.2025Adaire Fox-Martin1,000,00021,416,95104322,654,885
4Digital Realty Trust, Inc.2025Andrew Power978,84614,174,68403,700,00021,071,498
5Ventas, Inc.2025Debra Cafaro1,162,72012,015,05104,087,30317,501,073
6Prologis, Inc.2025Daniel Letter795,38512,500,9900—15,190,625
7Extra Space Storage Inc.2025Joseph Margolis940,00011,138,71501,616,21314,186,887
8Invitation Homes Inc.2025Dallas Tanner1,000,00010,965,04602,108,00014,096,335
9Vivmark Residential2025Mark Parrell900,0008,023,6681,498,7412,317,61312,759,187
10Simon Property Group, Inc.2025David Simon1,250,0007,000,2610011,663,678
11Essex Property Trust, Inc.2025Angela Kleiman944,5204,733,25404,362,21010,096,804
12UDR, Inc.2025Thomas Toomey900,0009,010,120009,933,438
13Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777
14Sun Communities, Inc.2025Charles Young218,7257,921,66101,725,0009,865,401
15AvalonBay Communities, Inc.2025Benjamin Schall1,000,0006,319,735482,3651,815,5409,663,500
16Mid-America Apartment Communities, Inc.2025A. Bradley Hill712,0193,412,40901,183,9005,453,480
17Camden Property Trust2025Alexander Jessett646,5963,010,54801,491,0315,151,175

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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Vivmark Residentialnot disclosedLTI Awards 100not disclosedFerguson Partners Consulting
AvalonBay Communities, Inc.104.8%PSU 100NoFerguson Partners Consulting L.P.
BXP, Inc.117.4%PSU 55 · RSU 45Yes — Relative TSR with aTSR ModifierFW Cook
Camden Property Trustnot disclosedPSU 100Yes — Total Shareholder Return (TSR)CBIZ Talent and Compensation Solutions
Digital Realty Trust, Inc.378%PSU 60 · LTIP Units 40NoSemler Brossy
Equinix, Inc.99%PSU 59 · RSU 29Yes — rTSRCompensia
Essex Property Trust, Inc.153%PRSU 85 · RSU 15Yes — Relative TSR to Nareit Apartment IndexMercer LLC
Extra Space Storage Inc.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Invitation Homes Inc.105.4%PSU 75 · RSU 25Yes — TSR Relative to RMS Index CAGRFerguson Partners Consulting
Mid-America Apartment Communities, Inc.not disclosedPSU 80 · RSU 20Yes — Compounded Annualized Three-Year Relative Total Shareholder Return (TSR)Pearl Meyer
Prologis, Inc.137.5%PSU 100NoPay Governance
Public Storagenot disclosedPSU 80 · Options 20NoFerguson Partners Consulting
Simon Property Group, Inc.49.63%LTIP Units 75 · RSU 25Yes — TSR modifierSemler Brossy
Sun Communities, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSR vs. MSCI US REIT IndexFerguson Partners Consulting, LP
UDR, Inc.not disclosedPSU 100Yes — Relative cumulative TSR versus apartment peersFPL Associates
Ventas, Inc.not disclosedPSU 70 · RSU 30Yes — TSR Relative to the Nareit Health Care IndexSemler Brossy
Welltower Inc.200%not disclosedYes — TSR vs FTSE NAREIT Equity Health Care IndexFerguson Partners Consulting

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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-18303,275,38234,423,665706,82689.81%Passed
20252025-06-26299,183,08936,545,526337,41689.11%Passed
20242024-06-20300,231,81632,636,015695,18890.2%Passed
20232023-06-15301,189,27126,201,478552,87492%Passed
20222022-06-16300,413,82726,652,225572,51591.85%Passed
20212021-06-17302,155,46111,452,75314,293,47596.35%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 yearMeeting dateApproval — company’s computation
20262026-06-1889.81%a
20252025-06-2689.11%b
20242024-06-2090.2%c

a. Approved under the standard stated in the filing — “Vote Required The affirmative vote of holders of a majority of the votes cast in person or by proxy at the meeting at which a quorum is present is required for the approval of this advisory resolution.”.

b. Approved under the standard stated in the filing — “Vote Required The affirmative vote of holders of a majority of the votes cast in person or by proxy at the meeting at which a quorum is present is required for the approval of this advisory resolution.”.

c. Approved under the standard stated in the filing — “Vote Required The affirmative vote of holders of a majority of the votes cast in person or by proxy at the meeting at which a quorum is present is required for the approval of this advisory resolution.”.

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)120 : 1
CEO total compensation$7,600,658
Median employee compensation$63,212
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (55 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, Mark Parrell. DEF 14A, filed 2026-04-14. Section “Summary Compensation Table”. As printed: 12,759,187. View filing ↗
  • Section 01, Michael Manelis. DEF 14A, filed 2026-04-14. Section “Summary Compensation Table”. As printed: 5,296,826. View filing ↗
  • Section 01, Robert Garechana. DEF 14A, filed 2026-04-14. Section “Summary Compensation Table”. As printed: 4,748,384. View filing ↗
  • Section 01, Alexander Brackenridge. DEF 14A, filed 2026-04-14. Section “Summary Compensation Table”. As printed: 4,669,428. View filing ↗
  • Section 01, Scott Fenster. DEF 14A, filed 2026-04-14. Section “Summary Compensation Table”. As printed: 2,870,663. View filing ↗
  • Section 01, Bret McLeod. DEF 14A, filed 2026-04-14. Section “Summary Compensation Table”. As printed: 2,323,863. View filing ↗
  • Section 03, Mark Parrell RSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Garechana RSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Manelis PSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Alexander Brackenridge RSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Scott Fenster RSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Parrell Option. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Scott Fenster PSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Bret McLeod RSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Garechana PSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Parrell PSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Alexander Brackenridge PSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Garechana Option. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Manelis RSU. DEF 14A, filed 2026-04-14. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2021-04-20. Section “CEO Pay Ratio”. As printed: 120 : 1. View filing ↗
  • Section 08, David J. Neithercut. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 553,994. View filing ↗
  • Section 08, Stephen E. Sterrett. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 386,486. View filing ↗
  • Section 08, Mary Kay Haben. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 357,486. View filing ↗
  • Section 08, Linda Walker Bynoe. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 354,986. View filing ↗
  • Section 08, Angela M. Aman. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 354,459. View filing ↗
  • Section 08, Nina P. Jones. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 329,986. View filing ↗
  • Section 08, Mark S. Shapiro. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 327,459. View filing ↗
  • Section 08, Tahsinul Zia Huque. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 327,459. View filing ↗
  • Section 08, Ann C. Hoff. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 324,986. View filing ↗
  • Section 08, Chris Carr. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 242,317. View filing ↗
  • Section 08, John E. Neal. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 55,750. View filing ↗
  • Section 08, Mark Parrell. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-22. Item 5.07 · say-on-pay result. As reported: 89.81% (votes for as printed: 303,275,382). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-07-01. Item 5.07 · say-on-pay result. As reported: 89.11% (votes for as printed: 299,183,089). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-25. Item 5.07 · say-on-pay result. As reported: 90.2% (votes for as printed: 300,231,816). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,285,750 + equity 1,869,624 + all other 0 = 3,155,374, summed across the director compensation table rows.
  • Welltower Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Welltower Inc.'s own proxy. As printed: 821,090,355. View filing ↗
  • BXP, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in BXP, Inc.'s own proxy. As printed: 23,047,305. View filing ↗
  • Equinix, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Equinix, Inc.'s own proxy. As printed: 22,654,885. View filing ↗
  • Digital Realty Trust, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Digital Realty Trust, Inc.'s own proxy. As printed: 21,071,498. View filing ↗
  • Ventas, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Ventas, Inc.'s own proxy. As printed: 17,501,073. View filing ↗
  • Prologis, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Prologis, Inc.'s own proxy. As printed: 15,190,625. View filing ↗
  • Extra Space Storage Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Extra Space Storage Inc.'s own proxy. As printed: 14,186,887. View filing ↗
  • Invitation Homes Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Invitation Homes Inc.'s own proxy. As printed: 14,096,335. View filing ↗
  • Vivmark Residential (subject), Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Vivmark Residential's own proxy. As printed: 12,759,187. View filing ↗
  • Simon Property Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Simon Property Group, Inc.'s own proxy. As printed: 11,663,678. View filing ↗
  • Essex Property Trust, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Essex Property Trust, Inc.'s own proxy. As printed: 10,096,804. View filing ↗
  • UDR, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in UDR, Inc.'s own proxy. As printed: 9,933,438. View filing ↗
  • Public Storage, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. View filing ↗
  • Sun Communities, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Sun Communities, Inc.'s own proxy. As printed: 9,865,401. View filing ↗
  • AvalonBay Communities, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in AvalonBay Communities, Inc.'s own proxy. As printed: 9,663,500. View filing ↗
  • Mid-America Apartment Communities, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Mid-America Apartment Communities, Inc.'s own proxy. As printed: 5,453,480. View filing ↗
  • Camden Property Trust, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Camden Property Trust's own proxy. As printed: 5,151,175. View filing ↗
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