Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-04

Amrep Corp. (AXR)

Fiscal year 2026 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
95.25%
Say-on-pay support, latest vote
Companies that benchmark against AXR
No companies currently name AXR as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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 FY20252026
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.

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 VitalePSU15,467426,116
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
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
20192019-09-123,947,4112,257,0321,93863.6%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
20252025-09-1195.25%a
20242024-09-1295.98%b
20222022-09-0895.19%c

a. 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;”.

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.

FAQ

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 does Amrep Corp.'s chief executive pay compare to its disclosed peer group?
The filing shows that the CEO pay percentile of disclosed peers was not disclosed.
What is Amrep Corp.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Amrep Corp.'s executive compensation?
Shareholders voted 95.25% in support of Amrep Corp.'s executive compensation.
How much does Amrep Corp. spend in total on board compensation for fiscal 2026?
The company reported $0 in total board compensation for fiscal 2026.

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, 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 ↗
5Section 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 ↗
6Section 06, 2022 voteForm 8-K2022-09-080001104659-22-098553Item 5.07 · say-on-pay result. As reported: 95.19% (votes for as printed: 3,131,898). Filing ↗
7Section 01 trend, Δ column (computed)ComputedcomputedΔ = 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