Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Sumisho Air Lease (AL)

Former CEO John Plueger was paid $9,399,534 in fiscal year 2025, ↑ up 11.9% from fiscal year 2024, the 44th percentile of its disclosed peer group (SEC filing 0001193125-26-197721 ↗): 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.

$9,399,534 ↑
John Plueger total, FY2025
44th
CEO pay percentile vs peers
28:1
CEO-to-median pay ratio
61.49%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- John Plueger (Former Chief Executive Officer and President), FY2025 total compensation $9,399,534 (base salary $1,000,000) [exec_comp, SEC accession 0001193125-26-197721, filed 2026-04-30]

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AL's next annual pay disclosure, estimated April 30, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Plueger$1,000,000$0$5,313,829$0$2,820,000$0$265,705$9,399,534
Former Chief Executive Officer and President
Carol Forsyte868,3331,000,0001,108,21301,480,500052,9004,509,946
Former Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Grant Levy898,33801,062,78901,522,800063,3423,546,564
Former Executive Vice President
Gregory Willis860,00001,063,44001,463,580039,8483,426,868
Former Executive Vice President and Chief Financial Officer
Kishore Korde835,8330961,53101,421,280049,2403,267,885
Executive Vice President
Steven Udvar-Házy613,6360439,34101,017,9810513,8462,584,804
Former Executive Chairman

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
John Plueger$9,399,534$8,400,063$9,075,696↑ +999,471
Carol Forsyte4,509,9462,917,8972,990,466↑ +1,592,049
Grant Levy3,546,5642,956,9343,281,449↑ +589,630
Gregory Willis3,426,8682,774,2042,855,699↑ +652,664
Kishore Korde3,267,885———
Steven Udvar-Házy2,584,8048,290,0239,397,751↓ −5,705,219

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

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Companies that benchmark against AL
8 companies name AL as a compensation peer

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gregory WillisPSU9,947—$638,896
Gregory WillisPSU309—19,847
Steven Udvar-HázyRSU55,310—3,552,561
Grant LevyPSU11,793—757,464
John PluegerPSU56,050—3,600,067
Grant LevyPSU9,941—638,510
John PluegerPSU13,216—848,864
Steven Udvar-HázyRSU79,440—5,102,431
Kishore KordePSU8,985—577,107
John PluegerRSU26,438—1,698,113
Gregory WillisRSU1,749—112,338
Steven Udvar-HázyPSU85,882—5,516,201
Kishore KordePSU10,133—650,843
Carol ForsyteRSU1,761—113,109
Steven Udvar-HázyPSU34,864—2,239,315
John PluegerPSU14,365—922,664
Carol ForsytePSU311—19,976
Grant LevyPSU348—22,352
Steven Udvar-HázyRSU2,698—173,293
Grant LevyPSU11,210—720,018
Gregory WillisRSU4,037—259,297
Carol ForsytePSU24,952—1,602,667
Carol ForsyteRSU5,514—354,164
Kishore KordeRSU3,678—236,238
Grant LevyRSU1,970—126,533
Kishore KordeRSU1,765—113,366
Steven Udvar-HázyPSU71,150—4,569,965
John PluegerPSU49,703—3,192,452
Steven Udvar-HázyPSU36,713—2,358,076
Steven Udvar-HázyRSU7,300—468,879
Gregory WillisPSU24,102—1,548,071
Grant LevyPSU24,068—1,545,888
Kishore KordePSU21,958—1,410,362
John PluegerRSU19,249—1,236,363
Carol ForsytePSU11,689—750,784
Gregory WillisRSU5,291—339,841
Carol ForsytePSU12,226—785,276
Gregory WillisPSU11,809—758,492
Carol ForsyteRSU4,180—268,481
Gregory WillisPSU11,217—720,468
Kishore KordePSU10,758—690,986
Kishore KordePSU311—19,976
Carol ForsytePSU10,366—665,808
John PluegerRSU10,311—662,276
Steven Udvar-HázyRSU8,950—574,859
Grant LevyRSU5,288—339,648
Kishore KordeRSU4,779—306,955
Grant LevyRSU4,032—258,975
John PluegerPSU1,819—116,834
05

Incentive-plan design — the Compensation Discussion & Analysis

Pay for performance is an essential element of our compensation philosophy, designed to reward and retain a small team of high-caliber executives in a competitive market by tying compensation to the achievement of performance metrics based on the financial plan. The program emphasizes a substantial portion of variable, at-risk compensation to align executive interests with stockholder value creation and sustainable growth.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantExequity
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-0261,791,11138,701,23942,35561.49%Passed
20242024-05-0387,629,4165,923,84266,98093.67%Passed
20232023-05-0362,829,61731,059,27977,78066.92%Passed
20222022-05-0472,075,43818,891,4311,550,78479.23%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
20252025-05-0261.49%a
20242024-05-0393.67%b
20232023-05-0366.92%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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)28 : 1
CEO total compensation$9,399,534
Median employee compensation$341,434
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$130,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)20,000 / 10,000 / 10,000
Stock ownership guideline$5
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 Sumisho Air Lease 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 Sumisho Air Lease.

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
1Janus Henderson Group plc2025Ali Dibadj$725,000$27,665,115$0$0$35,038,727
2Franklin Resources, Inc.2025Jennifer Johnson750,0008,959,77106,925,00016,844,816
3Affiliated Managers Group, Inc.2025Jay Horgen750,0008,967,00006,525,00016,311,950
4Invesco Ltd.2025Andrew Schlossberg750,00010,084,90305,321,25016,299,849
5Kennedy-Wilson Holdings, Inc.2024William McMorrow1,500,0008,734,19603,735,00015,842,528
6Host Hotels & Resorts, Inc.2025James Risoleo1,100,0009,569,88003,697,10014,835,223
7W.P. Carey Inc.2025Jason Fox1,000,0007,986,68601,770,00010,786,686
8Healthpeak Properties, Inc.2025Scott Brinker825,0007,208,68801,986,15610,072,994
9Federal Realty Investment Trust2025Donald Wood1,000,0007,554,43401,350,0009,929,147
10Sumisho Air Lease2025John Plueger1,000,0005,313,82902,820,0009,399,534
11Herc Holdings Inc.2025Lawrence Silber1,056,5385,500,03701,484,0008,289,126
12GATX Corporation2025Robert Lyons991,6672,281,8302,302,1051,012,0938,178,380
13Federated Hermes, Inc.2025J. Christopher Donahue787,5002,528,25903,937,5007,982,105
14Digital Bridge Group, Inc.2025Marc Ganzi1,200,0002,864,222—2,403,3607,505,614
15Kilroy Realty Corporation2025Angela Aman820,0004,433,57701,801,8507,072,527
16H&E Equipment Services, Inc.2023Bradley W. Barber907,6923,599,9240—6,295,836
17Artisan Partners Asset Management, Inc.2025Jason Gottlieb300,0001,548,40003,570,0005,482,136

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
Sumisho Air Leasenot disclosedPRSU 50 · RSU 25not disclosedExequity
Affiliated Managers Group, Inc.134%PSU 75 · RSU 25NoSemler Brossy Consulting Group, LLC
Artisan Partners Asset Management, Inc.not disclosedRSU 100not disclosedMcLagan
Digital Bridge Group, Inc.166.9%Restricted Stock 50 · PSU 50Yes — Relative TSR ModifierPay Governance
Federal Realty Investment Trust120%not disclosedNoSemler Brossy Consulting Group
Federated Hermes, Inc.not disclosednot disclosednot disclosedMcLagan Partners, Inc.
Franklin Resources, Inc.1847%PSU 100YesSemler Brossy Consulting Group
GATX Corporationnot disclosednot disclosednot disclosedPay Governance LLC
H&E Equipment Services, Inc.not disclosednot disclosednot disclosednot disclosed
Healthpeak Properties, Inc.127%PSU 60 · RSU 40Yes — 3-Year Relative TSR PerformanceFerguson Partners Consulting
Herc Holdings Inc.100%PSU 60 · RSU 40NoFW Cook
Host Hotels & Resorts, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSRPay Governance
Invesco Ltd.129%not disclosedYes — Relative TSRJohnson Associates, Inc.
Janus Henderson Group plcnot disclosedPSU 60 · RSU 40NoMeridian Compensation Partners
Kennedy-Wilson Holdings, Inc.not disclosedPSU 66 · RSU 33Yes — Relative TSRFerguson Partners Consulting L.P.
Kilroy Realty Corporation125.6%PSU 75 · RSU 25Yes — TSR Percentile RankingKorn Ferry
W.P. Carey Inc.118.0%PSU 60 · RSU 40Yes — TSR relative to the constituents of the MSCI US REIT IndexFrederic W. Cook & Co., Inc.

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 Sumisho Air Lease in fiscal 2025?
As disclosed, John Plueger (Former Chief Executive Officer and President) was the highest-paid executive at Sumisho Air Lease in fiscal 2025, with total compensation of $9,399,534.
How does Sumisho Air Lease's chief executive pay compare to its disclosed peer group?
As disclosed, John Plueger's total compensation ranked at the 44th percentile of Sumisho Air Lease's disclosed peer group.
What is Sumisho Air Lease's CEO-to-median employee pay ratio?
As disclosed, Sumisho Air Lease's CEO-to-median employee pay ratio was 28:1.
How did shareholders vote on Sumisho Air Lease's executive compensation?
As disclosed, 61.49% of shareholders supported Sumisho Air Lease's executive compensation in the latest say-on-pay vote.

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, John PluegerDEF 14A2026-04-300001193125-26-197721Section “Executive Compensation”. As printed: 9,399,534. Filing ↗machine: r2 · c27 · span 292663–292672
2Section 01, Carol ForsyteDEF 14A2026-04-300001193125-26-197721Section “Executive Compensation”. As printed: 4,509,946. Filing ↗machine: r11 · c26 · span 311913–311922
3Section 01, Grant LevyDEF 14A2026-04-300001193125-26-197721Section “Executive Compensation”. As printed: 3,546,564. Filing ↗machine: r8 · c27 · span 305554–305563
4Section 01, Gregory WillisDEF 14A2026-04-300001193125-26-197721Section “Executive Compensation”. As printed: 3,426,868. Filing ↗machine: r14 · c27 · span 318159–318168
5Section 01, Kishore KordeDEF 14A2026-04-300001193125-26-197721Section “Executive Compensation”. As printed: 3,267,885. Filing ↗machine: r17 · c27 · span 324388–324397
6Section 01, Steven Udvar-HázyDEF 14A2026-04-300001193125-26-197721Section “Executive Compensation”. As printed: 2,584,804. Filing ↗machine: r5 · c27 · span 299115–299124
7Section 07, pay ratioDEF 14A2026-04-300001193125-26-197721Section “CEO Pay Ratio”. As printed: 28 : 1. Filing ↗
8Section 06, 2025 voteForm 8-K2025-05-080001628280-25-023741Item 5.07 · say-on-pay result. As reported: 61.49% (votes for as printed: 61,791,111). Filing ↗
9Section 06, 2024 voteForm 8-K2024-05-090001628280-24-022193Item 5.07 · say-on-pay result. As reported: 93.67% (votes for as printed: 87,629,416). Filing ↗
10Section 06, 2023 voteForm 8-K2023-05-050001628280-23-016130Item 5.07 · say-on-pay result. As reported: 66.92% (votes for as printed: 62,829,617). Filing ↗
11Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
12Janus Henderson Group plc, Section 10b CEO totalDEF 14A2026-04-170001308179-26-000293CEO total compensation as printed in Janus Henderson Group plc's own proxy. As printed: 35,038,727. Filing ↗machine: t342 · r1 · c14 · span 863375–863385
13Franklin Resources, Inc., Section 10b CEO totalDEF 14A2025-12-220001140361-25-046314CEO total compensation as printed in Franklin Resources, Inc.'s own proxy. As printed: 16,844,816. Filing ↗machine: r8 · c22 · span 1261002–1261012
14Affiliated Managers Group, Inc., Section 10b CEO totalDEF 14A2026-04-170001628280-26-025798CEO total compensation as printed in Affiliated Managers Group, Inc.'s own proxy. As printed: 16,311,950. Filing ↗machine: span 1521708–1521718
15Invesco Ltd., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140019CEO total compensation as printed in Invesco Ltd.'s own proxy. As printed: 16,299,849. Filing ↗machine: t223 · r2 · c27 · span 1030655–1030665
16Kennedy-Wilson Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-250000950170-25-058797CEO total compensation as printed in Kennedy-Wilson Holdings, Inc.'s own proxy. As printed: 15,842,528. Filing ↗machine: span 1349719–1349729
17Host Hotels & Resorts, Inc., Section 10b CEO totalDEF 14A2026-04-080001070750-26-000062CEO total compensation as printed in Host Hotels & Resorts, Inc.'s own proxy. As printed: 14,835,223. Filing ↗machine: r6 · c10 · span 2451418–2451428
18W.P. Carey Inc., Section 10b CEO totalDEF 14A2026-03-270001025378-26-000063CEO total compensation as printed in W.P. Carey Inc.'s own proxy. As printed: 10,786,686. Filing ↗machine: r4 · c21 · span 810394–810404
19Healthpeak Properties, Inc., Section 10b CEO totalDEF 14A2026-03-120001104659-26-027086CEO total compensation as printed in Healthpeak Properties, Inc.'s own proxy. As printed: 10,072,994. Filing ↗machine: t197 · r7 · c18 · span 1414974–1414984
20Federal Realty Investment Trust, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127642CEO total compensation as printed in Federal Realty Investment Trust's own proxy. As printed: 9,929,147. Filing ↗machine: t136 · r3 · c27 · span 657645–657654
21Sumisho Air Lease (subject), Section 10b CEO totalDEF 14A2026-04-300001193125-26-197721CEO total compensation as printed in Sumisho Air Lease's own proxy. As printed: 9,399,534. Filing ↗machine: r2 · c27 · span 292663–292672
22Herc Holdings Inc., Section 10b CEO totalDEF 14A2026-03-270001364479-26-000076CEO total compensation as printed in Herc Holdings Inc.'s own proxy. As printed: 8,289,126. Filing ↗machine: r3 · c42 · span 424311–424320
23GATX Corporation, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027377CEO total compensation as printed in GATX Corporation's own proxy. As printed: 8,178,380. Filing ↗
24Federated Hermes, Inc., Section 10b CEO totalDEF 14A2026-03-170001056288-26-000009CEO total compensation as printed in Federated Hermes, Inc.'s own proxy. As printed: 7,982,105. Filing ↗machine: r2 · c27 · span 201784–201793
25Digital Bridge Group, Inc., Section 10b CEO totalDEF 14A2026-04-270001104659-26-049502CEO total compensation as printed in Digital Bridge Group, Inc.'s own proxy. As printed: 7,505,614. Filing ↗
26Kilroy Realty Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149727CEO total compensation as printed in Kilroy Realty Corporation's own proxy. As printed: 7,072,527. Filing ↗machine: r4 · c27 · span 996331–996340
27H&E Equipment Services, Inc., Section 10b CEO totalDEF 14A2024-04-020000950170-24-039778CEO total compensation as printed in H&E Equipment Services, Inc.'s own proxy. As printed: 6,295,836. Filing ↗machine: r5 · c25 · span 671019–671028
28Artisan Partners Asset Management, Inc., Section 10b CEO totalDEF 14A2026-04-170001517302-26-000079CEO total compensation as printed in Artisan Partners Asset Management, Inc.'s own proxy. As printed: 5,482,136. Filing ↗machine: r2 · c18 · span 617510–617519
29Section 10a, Kilroy Realty Corporation reciprocityDEF 14A—0001193125-26-149727Kilroy Realty Corporation's most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
30Section 10a, Federal Realty Investment Trust reciprocityDEF 14A—0001193125-25-066328Federal Realty Investment Trust's most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
31Section 10a, Invesco Ltd. reciprocityDEF 14A—0001193125-26-140019Invesco Ltd.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
32Section 10a, Franklin Resources, Inc. reciprocityDEF 14A—0001140361-25-046314Franklin Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
33Section 10a, Digital Bridge Group, Inc. reciprocityDEF 14A—0001104659-26-049502Digital Bridge Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
34Section 10a, Artisan Partners Asset Management, Inc. reciprocityDEF 14A—0001517302-26-000079Artisan Partners Asset Management, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
35Section 10a, W.P. Carey Inc. reciprocityDEF 14A—0001025378-26-000063W.P. Carey Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
36Section 10a, Herc Holdings Inc. reciprocityDEF 14A—0001364479-26-000076Herc Holdings Inc. names Sumisho Air Lease in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Janus Henderson Group plc reciprocityDEF 14A—0001308179-26-000293Janus Henderson Group plc's most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
38Section 10a, Kennedy-Wilson Holdings, Inc. reciprocityDEF 14A—0000950170-25-058797Kennedy-Wilson Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
39Section 10a, Federated Hermes, Inc. reciprocityDEF 14A—0001056288-26-000009Federated Hermes, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
40Section 10a, Healthpeak Properties, Inc. reciprocityDEF 14A—0001104659-26-027086Healthpeak Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗
41Section 10a, Affiliated Managers Group, Inc. reciprocityDEF 14A—0001628280-26-025798Affiliated Managers Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Sumisho Air Lease. Filing ↗

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