Fiscal year 2025 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.
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.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Christopher Clemente | $600,000 | $1,650,000 | $0 | $0 | $0 | $0 | $13,800 | $2,263,800 |
| Chairman & CEO | ||||||||
| Timothy Steffan | 400,000 | 90,000 | 1,644,339 | 0 | 0 | 0 | 13,800 | 2,148,139 |
| COO | ||||||||
| Christopher Guthrie | 400,000 | 90,000 | 751,000 | 0 | 0 | 0 | 13,800 | 1,254,800 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Christopher Clemente | $2,263,800 | $1,563,800 | $1,363,200 | +700,000 |
| Timothy Steffan | 2,148,139 | 1,035,887 | 970,117 | +1,112,252 |
| Christopher Guthrie | 1,254,800 | 909,611 | 842,305 | +345,189 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Timothy Steffan | Chief Operating Officer | 2026-05-21 | A | 20,000 | $3 | $66,000 | Common | Form 4 ↗ |
| Timothy Steffan | Chief Operating Officer | 2026-05-21 | D | 13,026 | 14 | 185,346 | Common, open-market sale | Form 4 ↗ |
| Timothy Steffan | Chief Operating Officer | 2026-05-21 | D | 20,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Thomas J. Holly | Director | 2026-06-17 | A | 766 | 0 | 0 | Common | Form 4 ↗ |
| David P. Paul | Director | 2026-06-17 | A | 783 | 0 | 0 | Common | Form 4 ↗ |
| Robert P. Demchak | Gen. Counsel & Corp Secretary | 2026-07-09 | A | 1,969 | 0 | 0 | Common | Form 4 ↗ |
| Robert P. Demchak | Gen. Counsel & Corp Secretary | 2026-07-09 | D | 794 | 16 | 12,482 | Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2026-07-09 | — | 1,969 | — | — | 1 insider, 1 accrual row | ||
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Timothy Steffan | Chief Operating Officer | 2026-05-21 | A | 20,000 | $3 | $66,000 | Common | Form 4 ↗ |
| Timothy Steffan | Chief Operating Officer | 2026-05-21 | D | 13,026 | 14 | 185,346 | Common, open-market sale | Form 4 ↗ |
| Timothy Steffan | Chief Operating Officer | 2026-05-21 | D | 20,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Thomas J. Holly | Director | 2026-06-17 | A | 766 | 0 | 0 | Common | Form 4 ↗ |
| David P. Paul | Director | 2026-06-17 | A | 783 | 0 | 0 | Common | Form 4 ↗ |
| Robert P. Demchak | Gen. Counsel & Corp Secretary | 2026-07-09 | A | 1,969 | 0 | 0 | Common | Form 4 ↗ |
| Robert P. Demchak | Gen. Counsel & Corp Secretary | 2026-07-09 | D | 794 | 16 | 12,482 | Common | Form 4 ↗ |
| Robert P. Demchak | Gen. Counsel & Corp Secretary | 2026-07-09 | D | 1,969 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Christopher Guthrie | PSU | 2025-01-15 | — | 5,689 | — | — | — |
| Christopher Guthrie | RSU | 2025-01-15 | — | — | 5,689 | — | 45,000 |
| Timothy Steffan | PSU | 2025-01-15 | — | 5,689 | — | — | — |
| Timothy Steffan | RSU | 2025-01-15 | — | — | 5,689 | — | 45,000 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Christopher Guthrie | $45,000 | $0 | $0 | 0.0% |
| Timothy Steffan | 45,000 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Christopher Guthrie | RSU | 8,926 | — | $103,720 |
| Christopher Guthrie | RSU | 5,590 | — | 64,956 |
| Timothy Steffan | RSU | 16,741 | — | 194,530 |
| Timothy Steffan | RSU | 5,689 | — | 66,106 |
| Timothy Steffan | RSU | 5,590 | — | 64,956 |
| Timothy Steffan | RSU | 1,254 | — | 14,571 |
| Timothy Steffan | RSU | 8,926 | — | 103,720 |
| Christopher Guthrie | RSU | 6,694 | — | 77,784 |
| Timothy Steffan | RSU | 6,694 | — | 77,784 |
| Christopher Guthrie | RSU | 5,689 | — | 66,106 |
| Christopher Guthrie | RSU | 2,794 | — | 32,466 |
| Timothy Steffan | RSU | 2,794 | — | 32,466 |
| Christopher Guthrie | RSU | 1,254 | — | 14,571 |
| Christopher Guthrie | RSU | 16,741 | — | 194,530 |
Our executive compensation program is comprised principally of salary and, from time to time, equity and cash bonus, designed to: 1) align the compensation of our executives with stockholder value and financial performance, 2) achieve a balanced package that attracts and retains highly qualified senior officers, and 3) appropriately reflect each such officer s individual performance and contributions.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-17 | 10,432,884 | 11,142 | 36,377 | 99.89% | Passed |
| 2025 | 2025-06-11 | 10,442,025 | 11,435 | 2,636 | 99.87% | Passed |
| 2024 | 2024-06-12 | 10,044,244 | 92,182 | 3,655 | 99.09% | Passed |
| 2023 | 2023-06-14 | 10,032,996 | 237,254 | 5,037 | 97.69% | Passed |
| 2022 | 2022-06-15 | 8,769,424 | 216,367 | 2,772 | 97.56% | Passed |
| 2021 | 2021-06-16 | 5,920,830 | 154,408 | 20,358 | 97.13% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-17 | 99.89%a |
| 2025 | 2025-06-11 | 99.87%b |
| 2024 | 2024-06-12 | 99.09%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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| James A. MacCutcheonIndependent · Audit Committee (Chair) · Compensation Committee | $98,000 | $0 | $0 | $0 | $0 | $98,000 |
| David M. GuernseyIndependent · Compensation Committee (Chair) | 88,000 | 0 | 0 | 0 | 0 | 88,000 |
| Thomas J. HollyIndependent · Audit Committee · Nominating & Corporate Governance Committee | 88,000 | 0 | 0 | 0 | 0 | 88,000 |
| Robert P. PincusIndependent · Audit Committee · Nominating & Corporate Governance Committee · Not standing for re-election | 88,000 | 0 | 0 | 0 | 0 | 88,000 |
| David P. PaulIndependent · Compensation Committee · Nominating & Corporate Governance Committee (Chair) | 88,000 | 0 | 0 | 0 | 0 | 88,000 |
| Christopher ClementeEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| 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 | — |
| Component | FY2025 |
|---|---|
| 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.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Comstock Holding Companies, Inc. | 2025 | Christopher 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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Christopher Clemente | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Summary Compensation Table”. As printed: 2,263,800. Filing ↗machine: span 215809–215818 |
| 2 | Section 01, Timothy Steffan | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Summary Compensation Table”. As printed: 2,148,139. Filing ↗machine: r6 · c39 · span 228338–228347 |
| 3 | Section 01, Christopher Guthrie | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Summary Compensation Table”. As printed: 1,254,800. Filing ↗machine: r4 · c39 · span 222119–222128 |
| 4 | Section 03, Christopher Guthrie PSU | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r9 · c23 · span 284295–284300 |
| 5 | Section 03, Christopher Guthrie RSU | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r9 · c23 · span 284295–284300 |
| 6 | Section 03, Timothy Steffan PSU | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r18 · c23 · span 321524–321529 |
| 7 | Section 03, Timothy Steffan RSU | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t18 · r18 · c23 · span 321524–321529 |
| 8 | Section 07, pay ratio | 10-K | 2026-03-17 | 0001628280-26-018409 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 9 | Section 08, James A. MacCutcheon | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Director Compensation”. As printed: 98,000. Filing ↗machine: t13 · r4 · c3 · span 136771–136777 |
| 10 | Section 08, David M. Guernsey | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Director Compensation”. As printed: 88,000. Filing ↗machine: t13 · r2 · c4 · span 130849–130855 |
| 11 | Section 08, Thomas J. Holly | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Director Compensation”. As printed: 88,000. Filing ↗ |
| 12 | Section 08, Robert P. Pincus | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Director Compensation”. As printed: 88,000. Filing ↗ |
| 13 | Section 08, David P. Paul | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Director Compensation”. As printed: 88,000. Filing ↗ |
| 14 | Section 08, Christopher Clemente | DEF 14A | 2026-04-30 | 0001628280-26-029004 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 02, Timothy Steffan 2026-05-21 | Form 4 | 2026-05-21 | 0001778330-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, Timothy Steffan 2026-05-21 | Form 4 | 2026-05-21 | 0001778330-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Timothy Steffan 2026-05-21 | Form 4 | 2026-05-21 | 0001778330-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Thomas J. Holly 2026-06-17 | Form 4 | 2026-06-18 | 0001964540-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, David P. Paul 2026-06-17 | Form 4 | 2026-06-18 | 0001708643-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Robert P. Demchak 2026-07-09 | Form 4 | 2026-07-10 | 0001606891-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Robert P. Demchak 2026-07-09 | Form 4 | 2026-07-10 | 0001606891-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Robert P. Demchak 2026-07-09 | Form 4 | 2026-07-10 | 0001606891-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 06, 2026 vote | Form 8-K | 2026-06-18 | 0001628280-26-044418 | Item 5.07 · say-on-pay result. As reported: 99.89% (votes for as printed: 10,432,884). Filing ↗ |
| 24 | Section 06, 2025 vote | Form 8-K | 2025-06-17 | 0001299969-25-000035 | Item 5.07 · say-on-pay result. As reported: 99.87% (votes for as printed: 10,442,025). Filing ↗ |
| 25 | Section 06, 2024 vote | Form 8-K | 2024-06-14 | 0001299969-24-000020 | Item 5.07 · say-on-pay result. As reported: 99.09% (votes for as printed: 10,044,244). Filing ↗ |
| 26 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 27 | Section 03b vehicle mix (computed) | 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 |
| 28 | Section 09b board cost (computed) | Computed | — | computed | Cash 450,000 + equity 0 + all other 0 = 450,000, summed across the director compensation table rows.machine: formula: Σ = 450,000 |
| 29 | Comstock Holding Companies, Inc. (subject), Section 10b CEO total | DEF 14A | 2026-04-30 | 0001628280-26-029004 | CEO total compensation as printed in Comstock Holding Companies, Inc.'s own proxy. As printed: 2,263,800. Filing ↗machine: span 215809–215818 |