Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-30

Apartment Investment & Management Co. (AIV)

CEO Wes Powell was paid $10,762,352 in fiscal year 2025, ↑ up 173.9% from fiscal year 2024, the 99th percentile of its disclosed peer group (SEC filing 0001193125-26-177149 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$10,762,352 ↑
Wes Powell total, FY2025
99th
CEO pay percentile vs peers
50:1
CEO-to-median pay ratio
99.01%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Wes Powell (President and Chief Executive Officer), FY2025 total compensation $10,762,352 (base salary $700,000) [exec_comp, SEC accession 0001193125-26-177149, filed 2026-04-24]

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AIV's next annual pay disclosure, estimated April 23, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Wes Powell$700,000$5,250,000$2,956,757$0$1,841,595$0$14,000$10,762,352
President and Chief Executive Officer
Hunter Stanfield494,00001,328,8960927,213014,0002,764,109
Executive Vice President and Chief Financial Officer
Jennifer Johnson470,0000710,9530861,067014,0002,056,020
Executive Vice President, Chief Administrative Officer and General Counsel

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
Wes Powell$10,762,352$3,929,548$4,073,841↑ +6,832,804
Hunter Stanfield2,764,1091,987,3582,095,813↑ +776,751
Jennifer Johnson2,056,0201,617,1581,751,810↑ +438,862

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$10,762,352 Wes Powell total, FY2025

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Data as of September 30, 2026 · Source: 0001193125-26-177149 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for AIV

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Companies that benchmark against AIV
5 companies name AIV as a compensation peer

Each company listed discloses AIV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AIV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Deborah SmithIndependent Director$220,981
James Patrick SullivanIndependent Director$220,981
Jay Paul LeuppIndependent Director$245,981
Kirk A. SykesIndependent Director$220,657
Patricia L. GibsonIndependent Director$240,981
Quincy AllenIndependent Director$234,693
R. Dary StoneChair of the Board$285,981
Sherry L. RexroadIndependent Director$235,981
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Kellie DreyerSenior Vice President and CAO2026-08-01D4,953$3$13,324CommonForm 4 ↗
Hunter StanfieldEVP and CFO2026-09-29A74,240——CommonForm 4 ↗
Hunter StanfieldEVP and CFO2026-09-29A47,861——CommonForm 4 ↗
Kellie DreyerSenior Vice President and CAO2026-09-29A7,016——CommonForm 4 ↗
Kellie DreyerSenior Vice President and CAO2026-09-29A7,454——CommonForm 4 ↗
Jennifer JohnsonEVP, CAO, and General Counsel2026-09-29A39,718——CommonForm 4 ↗
Jennifer JohnsonEVP, CAO, and General Counsel2026-09-29A35,192——CommonForm 4 ↗
Wes PowellDirector2026-09-29A165,182——CommonForm 4 ↗
Wes PowellDirector2026-09-29A211,149——CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
H. LynnRSU2025-01-28——37,120—$336,307
Hunter StanfieldRSU2025-01-28——37,120—336,307
Wes PowellPSU2025-01-2882,591165,182—330,3642,208,483
H. LynnPSU2025-01-2837,12074,240—148,480992,589
Wes PowellRSU2025-01-28——82,591—748,274
Jennifer JohnsonRSU2025-01-28——19,859—179,923
Jennifer JohnsonPSU2025-01-2819,85939,718—79,436531,030
Hunter StanfieldPSU2025-01-2837,12074,240—148,480992,589
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
H. Lynn$336,307$992,589$074.7%
Hunter Stanfield336,307992,589074.7%
Wes Powell748,2742,208,483074.7%
Jennifer Johnson179,923531,030074.7%

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

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jennifer JohnsonPSU79,436—$471,850
Wes PowellRSU82,591—490,591
Hunter StanfieldRSU48,829—290,044
Jennifer JohnsonRSU35,904—213,270
Wes PowellPSU211,149—1,254,225
Wes PowellOption949,4224.46—
Hunter StanfieldRSU123,967—736,364
Wes PowellPSU330,364—1,962,362
Wes PowellRSU215,420—1,279,595
Wes PowellRSU185,951—1,104,549
Hunter StanfieldRSU18,592—110,436
Hunter StanfieldPSU148,480—881,971
Hunter StanfieldRSU12,559—74,600
Jennifer JohnsonRSU87,992—522,672
Hunter StanfieldPSU47,861—284,294
Hunter StanfieldRSU37,120—220,493
Jennifer JohnsonPSU35,192—209,040
Jennifer JohnsonRSU19,859—117,962
Jennifer JohnsonRSU13,670—81,200
Jennifer JohnsonRSU9,234—54,850
Wes PowellOption468,2414.66—
Jennifer JohnsonOption42,5684.66—
05

Incentive-plan design — the Compensation Discussion & Analysis

Aimco is a pay-for-performance organization that sets target total compensation near the median of target total compensation for Aimco's peers to provide an economic incentive to remain with Aimco. Actual compensation varies from target compensation based on Aimco's results.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFerguson Partners Consulting L.P.
Clawback policytrue
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-10105,737,9101,060,791388,59599.01%Passed
20252025-06-1099,538,6692,282,604154,87097.76%Passed
20242024-06-28102,071,6633,050,28834,54197.1%Passed
20232023-09-29109,564,72711,174,79224,56190.74%Passed
20222022-12-16116,539,68017,892,544412,77586.69%Passed
20212021-12-09118,838,4021,710,75958,56898.58%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
20262026-06-1099.01%a
20252025-06-1097.76%b
20242024-06-2897.1%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast and will have no effect on the outcome of the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast and will have no effect on the outcome of the vote.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)50 : 1
CEO total compensation$10,762,352
Median employee compensation$215,991
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
R. Dary StoneIndependent · Board Chair$65,000$220,981$0$0$0$285,981
Jay Paul LeuppIndependent · Audit · Investment25,000220,981000245,981
Patricia L. GibsonIndependent · Compensation and Human Resources · Investment20,000220,981000240,981
Sherry L. RexroadIndependent · Audit · Compensation15,000220,981000235,981
Quincy AllenIndependent · Compensation and Human Resources · Nominating, Environmental, Social, and Governance80,000154,693000234,693
James Patrick SullivanIndependent · Audit · Investment0220,981000220,981
Deborah SmithIndependent · Nominating, Environmental, Social, and Governance · Investment0220,981000220,981
Kirk A. SykesIndependent · Compensation and Human Resources · Nominating, Environmental, Social, and Governance73,333147,324000220,657
Wes PowellEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$115,000
Annual equity retainer$115,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 14,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$278,333
Equity awards (grant-date value)$1,627,903
All other compensation$0
Total cost of the board$1,906,236

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

10

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.

10a

Peer reciprocity

Of the companies Apartment Investment & Management Co. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Apartment Investment & Management Co..

10b

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
1Apartment Investment & Management Co.2025Wes Powell$700,000$2,956,757$0$1,841,595$10,762,352
2Easterly Government Properties, Inc.2025Darrell Crate825,0008,508,5190930,00010,277,519
3Veris Residential, Inc.2024Mahbod Nia800,0004,400,00002,169,7507,393,104
4Armada Hoffler Properties, Inc.2025Shawn Tibbetts672,3854,411,4280953,2506,091,906
5Brandywine Realty Trust2025Gerard Sweeney800,0003,472,94001,520,0005,812,631
6JBG SMITH Properties2025W. Matthew Kelly750,0003,499,994——5,521,861
7Independence Realty Trust, Inc.2025Scott Schaeffer800,0002,825,67501,127,2625,266,937
8Sunstone Hotel Investors, Inc.2025Bryan Giglia700,0002,755,9930948,2814,516,098
9LTC Properties, Inc.2025Pamela Shelley-Kessler650,0002,250,00001,117,1884,027,538
10Elme Communities2024Paul McDermott750,0002,081,6710990,0003,980,371
11CTO Realty Growth, Inc.2025John Albright870,0001,778,42101,239,7503,905,735
12Centerspace2025Anne Olson600,0001,391,37801,096,3193,105,197
13UMH Properties, Inc.2025Samuel Landy842,6001,599,9980315,7502,909,784

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Apartment Investment & Management Co.not disclosedPSU 67 · RSU 33NoFerguson Partners Consulting L.P.
Armada Hoffler Properties, Inc.not disclosedLTIP Units 100Yes — Relative TSR Performance v. Custom Peer GroupFerguson Partners
Brandywine Realty Trust95%RSU 50 · PSU 50NoPay Governance LLC
Centerspace182.7%RSU 50 · PSU 50Yes — TSR relative to FTSE Nareit Equity IndexFerguson Partners Consulting L.P.
CTO Realty Growth, Inc.150%PSU 61 · RSU 39Yes — Relative TSRFerguson Partners Consulting
Easterly Government Properties, Inc.78%LTIP Units 100Yes — Absolute TSRFTI Consulting
Elme Communitiesnot disclosedPSU 60 · RSU 40NoFerguson Partners Consulting L.P.
Independence Realty Trust, Inc.203.4%PSU 75 · RSU 25Yes — Relative 3-year TSRnot disclosed
JBG SMITH Properties168%LTIP Units 10Yes — Relative TSRFerguson Partners Consulting
LTC Properties, Inc.137.5%RSU 50 · PSU 50Yes — Absolute TSRFrederic W. Cook & Co., Inc.
Sunstone Hotel Investors, Inc.not disclosedPSU 75 · RSU 25Yes — Relative Total Stockholder Return (RTSR) vs FTSE Nareit Lodging/Resorts Index (over $500 Million Market Cap)Ferguson Partners Consulting (FPC)
UMH Properties, Inc.not disclosedMSU 34 · RSU 33 · PSU 33Yes — Relative TSR vs MSCI US REIT IndexKorn Ferry
Veris Residential, Inc.271.2%RSU 50 · PSU 50Yes — Absolute TSRFW 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.

10d

Frequently asked questions

Who was the highest-paid executive at Apartment Investment & Management Co. in fiscal 2025?
As disclosed, Wes Powell (President and Chief Executive Officer) was the highest-paid executive at Apartment Investment & Management Co. in fiscal 2025, with total compensation of $10,762,352.
How does Apartment Investment & Management Co.'s chief executive pay compare to its disclosed peer group?
As disclosed, Wes Powell's total compensation ranked at the 99th percentile of Apartment Investment & Management Co.'s disclosed peer group.
What is Apartment Investment & Management Co.'s CEO-to-median employee pay ratio?
As disclosed, Apartment Investment & Management Co.'s CEO-to-median employee pay ratio was 50:1.
How did shareholders vote on Apartment Investment & Management Co.'s executive compensation?
As disclosed, 99.01% of shareholders supported Apartment Investment & Management Co.'s executive compensation in the latest say-on-pay vote.
How much does Apartment Investment & Management Co. spend in total on board compensation for fiscal 2025?
As disclosed, Apartment Investment & Management Co. reported total board compensation of $1,906,236 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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Wes PowellDEF 14A2026-04-240001193125-26-177149Section “Summary Compensation Table”. As printed: 10,762,352. Filing ↗machine: r4 · c38 · span 1693533–1693543
2Section 01, Hunter StanfieldDEF 14A2026-04-240001193125-26-177149Section “Summary Compensation Table”. As printed: 2,764,109. Filing ↗machine: r8 · c39 · span 1753959–1753968
3Section 01, Jennifer JohnsonDEF 14A2026-04-240001193125-26-177149Section “Summary Compensation Table”. As printed: 2,056,020. Filing ↗machine: r12 · c39 · span 1814801–1814810
4Section 03, H. Lynn RSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t49 · r28 · c14 · span 2243802–2243808
5Section 03, Hunter Stanfield RSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 1963834–1963841
6Section 03, Wes Powell PSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t48 · r6 · c34 · span 1937112–1937121
7Section 03, H. Lynn PSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
8Section 03, Wes Powell RSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t49 · r13 · c14 · span 2123388–2123394
9Section 03, Jennifer Johnson RSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
10Section 03, Jennifer Johnson PSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗
11Section 03, Hunter Stanfield PSUDEF 14A2026-04-240001193125-26-177149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 1977670–1977677
12Section 07, pay ratioDEF 14A2026-04-240001193125-26-177149Section “CEO Pay Ratio”. As printed: 50 : 1. Filing ↗
13Section 08, R. Dary StoneDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 285,981. Filing ↗machine: span 1022613–1022839
14Section 08, Jay Paul LeuppDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 245,981. Filing ↗machine: span 958192–958418
15Section 08, Patricia L. GibsonDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 240,981. Filing ↗machine: span 942178–942404
16Section 08, Sherry L. RexroadDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 235,981. Filing ↗machine: span 990403–990629
17Section 08, Quincy AllenDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 234,693. Filing ↗machine: span 926160–926386
18Section 08, James Patrick SullivanDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 220,981. Filing ↗machine: span 1027586–1027812
19Section 08, Deborah SmithDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 220,981. Filing ↗machine: span 995550–995776
20Section 08, Kirk A. SykesDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 220,657. Filing ↗machine: span 1054649–1054875
21Section 08, Wes PowellDEF 14A2026-04-240001193125-26-177149Section “Director Compensation”. As printed: 0. Filing ↗
22Section 02, Kellie Dreyer 2026-08-01Form 42026-08-030000922864-26-000030Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Hunter Stanfield 2026-09-29Form 42026-09-300000922864-26-000037Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Hunter Stanfield 2026-09-29Form 42026-09-300000922864-26-000037Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Kellie Dreyer 2026-09-29Form 42026-09-300000922864-26-000039Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Kellie Dreyer 2026-09-29Form 42026-09-300000922864-26-000039Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Jennifer Johnson 2026-09-29Form 42026-09-300000922864-26-000038Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Jennifer Johnson 2026-09-29Form 42026-09-300000922864-26-000038Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Wes Powell 2026-09-29Form 42026-09-300000922864-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Wes Powell 2026-09-29Form 42026-09-300000922864-26-000036Insider equity transaction reported since the proxy statement. Filing ↗
31Section 06, 2026 voteForm 8-K2026-06-100001193125-26-265856Item 5.07 · say-on-pay result. As reported: 99.01% (votes for as printed: 105,737,910). Filing ↗
32Section 06, 2025 voteForm 8-K2025-06-100000950170-25-084376Item 5.07 · say-on-pay result. As reported: 97.76% (votes for as printed: 99,538,669). Filing ↗
33Section 06, 2024 voteForm 8-K2024-07-010000950170-24-079621Item 5.07 · say-on-pay result. As reported: 97.1% (votes for as printed: 102,071,663). Filing ↗
34Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 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).machine: formula: sums + PSU ratio
36Section 09b board cost (computed)Computed——Cash 278,333 + equity 1,627,903 + all other 0 = 1,906,236, summed across the director compensation table rows.machine: formula: Σ = 1,906,236
37Apartment Investment & Management Co. (subject), Section 10b CEO totalDEF 14A2026-04-240001193125-26-177149CEO total compensation as printed in Apartment Investment & Management Co.'s own proxy. As printed: 10,762,352. Filing ↗machine: r4 · c38 · span 1693533–1693543
38Easterly Government Properties, Inc., Section 10b CEO totalDEF 14A2026-03-230001622194-26-000008CEO total compensation as printed in Easterly Government Properties, Inc.'s own proxy. As printed: 10,277,519. Filing ↗machine: t32 · r4 · c14 · span 1314670–1314680
39Veris Residential, Inc., Section 10b CEO totalDEF 14A2025-04-290000924901-25-000035CEO total compensation as printed in Veris Residential, Inc.'s own proxy. As printed: 7,393,104. Filing ↗
40Armada Hoffler Properties, Inc., Section 10b CEO totalDEF 14A2026-04-300001569187-26-000061CEO total compensation as printed in Armada Hoffler Properties, Inc.'s own proxy. As printed: 6,091,906. Filing ↗machine: span 682444–682453
41Brandywine Realty Trust, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145566CEO total compensation as printed in Brandywine Realty Trust's own proxy. As printed: 5,812,631. Filing ↗machine: t214 · r4 · c24 · span 3086750–3086759
42JBG SMITH Properties, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030932CEO total compensation as printed in JBG SMITH Properties's own proxy. As printed: 5,521,861. Filing ↗
43Independence Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-190001437749-26-009071CEO total compensation as printed in Independence Realty Trust, Inc.'s own proxy. As printed: 5,266,937. Filing ↗machine: t171 · r1 · c25 · span 836781–836790
44Sunstone Hotel Investors, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-031060CEO total compensation as printed in Sunstone Hotel Investors, Inc.'s own proxy. As printed: 4,516,098. Filing ↗machine: t176 · r5 · c12 · span 1215367–1215376
45LTC Properties, Inc., Section 10b CEO totalDEF 14A2026-04-080001104659-26-040921CEO total compensation as printed in LTC Properties, Inc.'s own proxy. As printed: 4,027,538. Filing ↗machine: r7 · c20 · span 1255138–1255147
46Elme Communities, Section 10b CEO totalDEF 14A2025-04-170000104894-25-000041CEO total compensation as printed in Elme Communities's own proxy. As printed: 3,980,371. Filing ↗machine: r3 · c27 · span 631991–632000
47CTO Realty Growth, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050405CEO total compensation as printed in CTO Realty Growth, Inc.'s own proxy. As printed: 3,905,735. Filing ↗machine: t23 · r1 · c35 · span 620653–620662
48Centerspace, Section 10b CEO totalDEF 14A2026-04-030000798359-26-000029CEO total compensation as printed in Centerspace's own proxy. As printed: 3,105,197. Filing ↗machine: t47 · r7 · c7 · span 589259–589268
49UMH Properties, Inc., Section 10b CEO totalDEF 14A2026-04-170001493152-26-017167CEO total compensation as printed in UMH Properties, Inc.'s own proxy. As printed: 2,909,784. Filing ↗machine: r6 · c31 · span 608102–608111
50Section 10a, Armada Hoffler Properties, Inc. reciprocityDEF 14A—0001569187-26-000061Armada Hoffler Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
51Section 10a, Veris Residential, Inc. reciprocityDEF 14A—0000924901-25-000035Veris Residential, Inc. names Apartment Investment & Management Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, Elme Communities reciprocityDEF 14A—0000104894-25-000041Elme Communities names Apartment Investment & Management Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, JBG SMITH Properties reciprocityDEF 14A—0001104659-26-030932JBG SMITH Properties's most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
54Section 10a, Sunstone Hotel Investors, Inc. reciprocityDEF 14A—0001104659-26-031060Sunstone Hotel Investors, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
55Section 10a, UMH Properties, Inc. reciprocityDEF 14A—0001493152-26-017167UMH Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
56Section 10a, LTC Properties, Inc. reciprocityDEF 14A—0001104659-26-040921LTC Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
57Section 10a, Easterly Government Properties, Inc. reciprocityDEF 14A—0001622194-26-000008Easterly Government Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
58Section 10a, Brandywine Realty Trust reciprocityDEF 14A—0001193125-26-145566Brandywine Realty Trust's most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
59Section 10a, Independence Realty Trust, Inc. reciprocityDEF 14A—0001466085-25-000037Independence Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗
60Section 10a, CTO Realty Growth, Inc. reciprocityDEF 14A—0001104659-26-050405CTO Realty Growth, Inc.'s most recent proxy was read; its disclosed peer group does not include Apartment Investment & Management Co.. Filing ↗

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