Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-09-11

AMREP CORP. (AXR)

CEO Christopher Vitale was paid $734,100 in fiscal year 2026, ↑ up 6.6% from fiscal year 2025 (SEC filing 0001104659-26-090418 ↗): 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.

$734,100 ↑
Christopher Vitale total, FY2026
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
96.9%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Christopher Vitale (Chief Executive Officer and President of the Company), FY2026 total compensation $734,100 (base salary $379,000) [exec_comp, SEC accession 0001104659-26-090418, filed 2026-08-04]

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AXR's next annual pay disclosure, estimated August 4, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Vitale$379,000$168,000$176,000$0$0$0$11,100$734,100
Chief Executive Officer and President of the Company
Adrienne Uleau195,00061,00046,00000011,100313,100
Chief Financial Officer and Vice President of the Company

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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Christopher Vitale$734,100$688,800$692,700↑ +45,300
Adrienne Uleau313,100281,600283,300↑ +31,500

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

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$734,100 Christopher Vitale total, FY2026

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Data as of September 11, 2026 · Source: 0001104659-26-090418 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against AXR
No companies currently name AXR as a compensation peer in their most recent disclosure.

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2026 total
Adrienne UleauCFO$313,100
Christopher VitaleCEO$734,100
01c

Board of directors

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

DirectorRoleFY2026 total
Albert V. RussoIndependent Director—
Edward B. Cloues, IIChair of the Board—
Robert E. RobottiIndependent Director—
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 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Adrienne UleauPSU4,060—$111,853
Christopher VitalePSU15,467—426,116
Christopher VitaleOption50,00014.24—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation and Human Resources Committee determines executive compensation on a subjective basis, considering the executive's performance, changes in functional responsibility, and its best judgment of compensation applicable to executives holding comparable positions both within the Company and at other companies. No formal criteria list or compensation consultants are used.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policyfalse
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-09-103,180,665101,7182,52796.9%Passed
20252025-09-113,118,485153,6881,66995.25%Passed
20242024-09-123,297,122134,1413,77695.98%Passed
20222022-09-083,131,898154,2804,04695.19%Passed
20212021-09-094,190,820374,140582,91681.41%Passed
20202020-09-102,548,5033,339,5613,22643.26%Failed

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
20262026-09-1096.9%a
20252025-09-1195.25%b
20242024-09-1295.98%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions are treated as shares present and entitled to vote on Proposal Number 2 and, therefore, will have the same effect as a vote "Against" Proposal Number 2;”.

c. Approved under the standard stated in the filing — “Abstentions are treated as shares present and entitled to vote on Proposal Number 2 and, therefore, will have the same effect as a vote "Against" Proposal Number 2.”.

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)—
CEO total compensation—
Median employee compensation—
09

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$30,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
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
1AMREP CORP.2026Christopher Vitale$379,000$176,000$0$0$734,100

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.

10d

Frequently asked questions

Who was the highest-paid executive at AMREP CORP. in fiscal 2026?
As disclosed, Christopher Vitale (Chief Executive Officer and President of the Company) was the highest-paid executive at AMREP CORP. in fiscal 2026, with total compensation of $734,100.
How did shareholders vote on AMREP CORP.'s executive compensation?
As disclosed, 96.9% of shareholders supported AMREP CORP.'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, Christopher VitaleDEF 14A2026-08-040001104659-26-090418Section “COMPENSATION OF EXECUTIVE OFFICERS”. As printed: 734,100. Filing ↗machine: t44 · r3 · c21 · span 216040–216047
2Section 01, Adrienne UleauDEF 14A2026-08-040001104659-26-090418Section “COMPENSATION OF EXECUTIVE OFFICERS”. As printed: 313,100. Filing ↗machine: t44 · r4 · c21 · span 218193–218200
3Section 07, pay ratio10-K2026-07-240001104659-26-086659Section “CEO Pay Ratio”. As printed: —. Filing ↗
4Section 06, 2026 voteForm 8-K2026-09-110001104659-26-107091Item 5.07 · say-on-pay result. As reported: 96.9% (votes for as printed: 3,180,665). Filing ↗
5Section 06, 2025 voteForm 8-K2025-09-120001104659-25-089563Item 5.07 · say-on-pay result. As reported: 95.25% (votes for as printed: 3,118,485). Filing ↗
6Section 06, 2024 voteForm 8-K2024-09-130001104659-24-099835Item 5.07 · say-on-pay result. As reported: 95.98% (votes for as printed: 3,297,122). Filing ↗
7Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
8AMREP CORP. (subject), Section 10b CEO totalDEF 14A2026-08-040001104659-26-090418CEO total compensation as printed in AMREP CORP.'s own proxy. As printed: 734,100. Filing ↗machine: t44 · r3 · c21 · span 216040–216047

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