Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-21

Comstock Holding Companies, Inc. (CHCI)

CEO Christopher Clemente was paid $2,263,800 in fiscal year 2025, ↑ up 44.8% from fiscal year 2024 (SEC filing 0001628280-26-029004 ↗): 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.

$2,263,800 ↑
Christopher Clemente total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.89%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Christopher Clemente (Chairman & CEO), FY2025 total compensation $2,263,800 (base salary $600,000) [exec_comp, SEC accession 0001628280-26-029004, filed 2026-04-30]

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CHCI'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
Christopher Clemente$600,000$1,650,000$0$0$0$0$13,800$2,263,800
Chairman & CEO
Timothy Steffan400,0001,644,33990,00000013,8002,148,139
COO
Christopher Guthrie400,000751,00090,00000013,8001,254,800
CFO & EVP

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
Christopher Clemente$2,263,800$1,563,800$1,363,200↑ +700,000
Timothy Steffan2,148,1391,035,887970,117↑ +1,112,252
Christopher Guthrie1,254,800909,611842,305↑ +345,189

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

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$2,263,800 Christopher Clemente total, FY2025

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Data as of September 21, 2026 · Source: 0001628280-26-029004 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against CHCI
2 companies name CHCI as a compensation peer

Each company listed discloses CHCI 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 CHCI 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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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.

ExecutiveRoleFY2025 total
Christopher ClementeCEO$2,263,800
Christopher GuthrieCFO$1,254,800
Timothy SteffanCOO$2,148,139
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
David M. GuernseyIndependent Director$88,000
David P. PaulIndependent Director$88,000
James A. MacCutcheonIndependent Director$98,000
Robert P. PincusIndependent Director$88,000
Thomas J. HollyIndependent Director$88,000
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
Timothy SteffanChief Operating Officer2026-05-21D20,000$0$0Derivative, Class A CommonForm 4 ↗
Timothy SteffanChief Operating Officer2026-05-21D13,02614185,346Common, open-market saleForm 4 ↗
Timothy SteffanChief Operating Officer2026-05-21A20,000366,000CommonForm 4 ↗
Thomas J. HollyDirector2026-06-17A76600CommonForm 4 ↗
David P. PaulDirector2026-06-17A78300CommonForm 4 ↗
Dividend-equivalent accruals2026-07-09—1,969——1 insider, 1 accrual row
Robert P. DemchakGen. Counsel & Corp Secretary2026-07-09D7941612,482CommonForm 4 ↗
Robert P. DemchakGen. Counsel & Corp Secretary2026-07-09A1,96900CommonForm 4 ↗
David Z. HirshDirector2026-08-18A6001911,196CommonForm 4 ↗
David P. PaulDirector2026-09-16A57000CommonForm 4 ↗
Thomas J. HollyDirector2026-09-16A55800CommonForm 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.

View all 11 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Timothy SteffanChief Operating Officer2026-05-21D20,000$0$0Derivative, Class A CommonForm 4 ↗
Timothy SteffanChief Operating Officer2026-05-21D13,02614185,346Common, open-market saleForm 4 ↗
Timothy SteffanChief Operating Officer2026-05-21A20,000366,000CommonForm 4 ↗
Thomas J. HollyDirector2026-06-17A76600CommonForm 4 ↗
David P. PaulDirector2026-06-17A78300CommonForm 4 ↗
Robert P. DemchakGen. Counsel & Corp Secretary2026-07-09D1,96900Derivative, Class A CommonForm 4 ↗
Robert P. DemchakGen. Counsel & Corp Secretary2026-07-09D7941612,482CommonForm 4 ↗
Robert P. DemchakGen. Counsel & Corp Secretary2026-07-09A1,96900CommonForm 4 ↗
David Z. HirshDirector2026-08-18A6001911,196CommonForm 4 ↗
David P. PaulDirector2026-09-16A57000CommonForm 4 ↗
Thomas J. HollyDirector2026-09-16A55800CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher GuthriePSU2025-01-15—5,689———
Christopher GuthrieRSU2025-01-15——5,689—45,000
Timothy SteffanPSU2025-01-15—5,689———
Timothy SteffanRSU2025-01-15——5,689—45,000
Timothy SteffanRSU2025-01-15——5,689——
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Guthrie$45,000$0$00.0%
Timothy Steffan45,000000.0%

% 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
Timothy SteffanRSU5,689—$66,106
Timothy SteffanRSU8,926—103,720
Christopher GuthrieRSU1,254—14,571
Timothy SteffanRSU16,741—194,530
Christopher GuthrieRSU16,741—194,530
Timothy SteffanRSU5,590—64,956
Christopher GuthrieRSU8,926—103,720
Christopher GuthrieRSU6,694—77,784
Timothy SteffanRSU6,694—77,784
Christopher GuthrieRSU5,689—66,106
Christopher GuthrieRSU5,590—64,956
Christopher GuthrieRSU2,794—32,466
Timothy SteffanRSU2,794—32,466
Timothy SteffanRSU1,254—14,571
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is comprised principally of salary and, from time to time, equity and cash bonus, designed to align the compensation of executives with stockholder value and financial performance, achieve a balanced package that attracts and retains highly qualified senior officers, and appropriately reflect each such officer's individual performance and contributions.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policy—
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1710,432,88411,14236,37799.89%Passed
20252025-06-1110,442,02511,4352,63699.87%Passed
20242024-06-1210,044,24492,1823,65599.09%Passed
20232023-06-1410,032,996237,2545,03797.69%Passed
20222022-06-158,769,424216,3672,77297.56%Passed
20212021-06-165,920,830154,40820,35897.13%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
20262026-06-1799.89%a
20252025-06-1199.87%b
20242024-06-1299.09%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes have no effect on the outcome of this proposal.”.

b. Approved under the standard stated in the filing — “An abstention will have the effect as a vote "against" this proposal.”.

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

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—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James A. MacCutcheonIndependent · Audit Committee (Chair) · Compensation Committee$98,000$0——$0$98,000
David M. GuernseyIndependent · Compensation Committee (Chair)88,0000——088,000
Thomas J. HollyIndependent · Audit Committee · Nominating Corporate Governance Committee88,0000——088,000
David P. PaulIndependent · Compensation Committee · Nominating Corporate Governance Committee (Chair)88,0000——088,000
Robert P. PincusIndependent · Audit Committee · Nominating Corporate Governance Committee88,0000——088,000
Christopher ClementeEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)4,000 / 4,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$450,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$450,000

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

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
1Comstock Holding Companies, Inc.2025Christopher Clemente$600,000$0$0$0$2,263,800

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 Comstock Holding Companies, Inc. in fiscal 2025?
As disclosed, Christopher Clemente (Chairman & CEO) was the highest-paid executive at Comstock Holding Companies, Inc. in fiscal 2025, with total compensation of $2,263,800.
How did shareholders vote on Comstock Holding Companies, Inc.'s executive compensation?
As disclosed, 99.89% of shareholders supported Comstock Holding Companies, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Comstock Holding Companies, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Comstock Holding Companies, Inc. reported total board compensation of $450,000 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, Christopher ClementeDEF 14A2026-04-300001628280-26-029004Section “Executive Compensation”. As printed: 2,263,800. Filing ↗machine: span 215809–215818
2Section 01, Timothy SteffanDEF 14A2026-04-300001628280-26-029004Section “Executive Compensation”. As printed: 2,148,139. Filing ↗machine: r6 · c39 · span 228338–228347
3Section 01, Christopher GuthrieDEF 14A2026-04-300001628280-26-029004Section “Executive Compensation”. As printed: 1,254,800. Filing ↗machine: r4 · c39 · span 222119–222128
4Section 03, Christopher Guthrie PSUDEF 14A2026-04-300001628280-26-029004Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r9 · c23 · span 284295–284300
5Section 03, Christopher Guthrie RSUDEF 14A2026-04-300001628280-26-029004Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r9 · c23 · span 284295–284300
6Section 03, Timothy Steffan PSUDEF 14A2026-04-300001628280-26-029004Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r18 · c23 · span 321524–321529
7Section 03, Timothy Steffan RSUDEF 14A2026-04-300001628280-26-029004Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r18 · c23 · span 321524–321529
8Section 03, Timothy Steffan RSUDEF 14A2026-04-300001628280-26-029004Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 240758–240763
9Section 07, pay ratio10-K2026-03-170001628280-26-018409Section “CEO Pay Ratio”. As printed: —. Filing ↗
10Section 08, James A. MacCutcheonDEF 14A2026-04-300001628280-26-029004Section “Director Compensation”. As printed: 98,000. Filing ↗machine: span 136498–136796
11Section 08, David M. GuernseyDEF 14A2026-04-300001628280-26-029004Section “Director Compensation”. As printed: 88,000. Filing ↗machine: span 130686–130874
12Section 08, Thomas J. HollyDEF 14A2026-04-300001628280-26-029004Section “Director Compensation”. As printed: 88,000. Filing ↗machine: span 134053–134351
13Section 08, David P. PaulDEF 14A2026-04-300001628280-26-029004Section “Director Compensation”. As printed: 88,000. Filing ↗machine: span 138936–139234
14Section 08, Robert P. PincusDEF 14A2026-04-300001628280-26-029004Section “Director Compensation”. As printed: 88,000. Filing ↗machine: span 141377–141675
15Section 08, Christopher ClementeDEF 14A2026-04-300001628280-26-029004Section “Director Compensation”. As printed: 0. Filing ↗
16Section 02, Timothy Steffan 2026-05-21Form 42026-05-210001778330-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Timothy Steffan 2026-05-21Form 42026-05-210001778330-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Timothy Steffan 2026-05-21Form 42026-05-210001778330-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Thomas J. Holly 2026-06-17Form 42026-06-180001964540-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, David P. Paul 2026-06-17Form 42026-06-180001708643-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Robert P. Demchak 2026-07-09Form 42026-07-100001606891-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Robert P. Demchak 2026-07-09Form 42026-07-100001606891-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Robert P. Demchak 2026-07-09Form 42026-07-100001606891-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, David Z. Hirsh 2026-08-18Form 42026-08-270001848554-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, David P. Paul 2026-09-16Form 42026-09-210001708643-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Thomas J. Holly 2026-09-16Form 42026-09-210001964540-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
27Section 06, 2026 voteForm 8-K2026-06-180001628280-26-044418Item 5.07 · say-on-pay result. As reported: 99.89% (votes for as printed: 10,432,884). Filing ↗
28Section 06, 2025 voteForm 8-K2025-06-170001299969-25-000035Item 5.07 · say-on-pay result. As reported: 99.87% (votes for as printed: 10,442,025). Filing ↗
29Section 06, 2024 voteForm 8-K2024-06-140001299969-24-000020Item 5.07 · say-on-pay result. As reported: 99.09% (votes for as printed: 10,044,244). Filing ↗
30Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 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
32Section 09b board cost (computed)Computed——Cash 450,000 + equity 0 + all other 0 = 450,000, summed across the director compensation table rows.machine: formula: Σ = 450,000
33Comstock Holding Companies, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-300001628280-26-029004CEO total compensation as printed in Comstock Holding Companies, Inc.'s own proxy. As printed: 2,263,800. Filing ↗machine: span 215809–215818

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CHCI Peer Teardown Report