Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-14

SITE Centers Corp. (SITC)

CEO David Lukes was paid $0 in fiscal year 2025 (SEC filing 0001193125-26-134508 ↗): 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.

$1,160,250
Aaron Kitlowski total, FY2025
Executive Vice President, General Counsel and Secretary — highest-paid officer; CEO David Lukes: $0
—
CEO (David Lukes) pay percentile vs peers
—
CEO-to-median pay ratio
99.49%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- David Lukes (Chief Executive Officer and President), FY2025 total compensation $0 (base salary $0) [exec_comp, SEC accession 0001193125-26-134508, filed 2026-03-31]

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SITC's next annual pay disclosure, estimated March 29, 2027.est. Filing ↗

Page 2 of 35 of the SITE Centers Corp. Executive Compensation Report, as it is delivered: Executive Summary.

That is page 2 of 35 of the full Executive Compensation Report, shown as it is delivered. The rest:

  1. Summary Compensation Table
  2. Equity transactions since the proxy statement
  3. Grants of plan-based awards
  4. Outstanding equity awards at fiscal year-end
  5. Incentive-plan design (CD&A)
  6. Say-on-pay
  7. CEO pay ratio
  8. Director compensation
  9. Board fee structure and ownership guideline
  10. Disclosed peer group
  11. Source register

Every figure above cites the filing it came from (accession 0001193125-26-134508, filed 2026-05-14) — see the source register, §11.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Aaron Kitlowski$450,000$675,000$0$0$0$0$35,250$1,160,250
Executive Vice President, General Counsel and Secretary
Gerald Morgan500,000300,000000012,000812,000
Executive Vice President, Chief Financial Officer and Treasurer
David Lukes00000000
Chief Executive Officer and President
John Cattonar00000000
Executive Vice President and Chief Investment Officer

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
Aaron Kitlowski$1,160,250$2,815,017—↓ −1,654,767
Gerald Morgan812,000212,500—↑ +599,500
David Lukes07,934,3016,740,650↓ −7,934,301
John Cattonar02,182,3072,696,067↓ −2,182,307

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

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$1,160,250 Aaron Kitlowski total, FY2025

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Data as of May 14, 2026 · Source: 0001193125-26-134508 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for SITC

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Companies that benchmark against SITC
6 companies name SITC as a compensation peer

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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
Cynthia Foster CurryIndependent Director$109,000
Dawn M. SweeneyChair of the Board$166,000
Gary N. BostonIndependent Director$114,000
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
Aaron KitlowskiRSU96,246—$617,899
05

Incentive-plan design — the Compensation Discussion & Analysis

Our primary compensation objectives with respect to executives employed by the Company are to: retain and motivate executives who are capable of advancing our strategy and maximizing returns to our shareholders; reward executives on an annual basis in a manner aligned with our performance and organizational objectives; and help ensure that the cost of the compensation program is reasonable to shareholders.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMercer (US) LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1342,228,847188,05830,43199.49%Passed
20252025-05-1436,138,83311,065,90319,09176.56%Passed
20242024-05-08183,157,9928,889,890100,76695.32%Passed
20232023-05-10180,490,53712,445,046249,28293.55%Passed
20222022-05-11190,261,7765,091,085112,58497.39%Passed
20212021-05-11178,103,11510,016,401240,80894.68%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
20262026-05-1399.49%a
20252025-05-1476.56%b
20242024-05-0895.32%c

a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have the same effect as votes cast against the proposal.”.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “BOARD RECOMMENDATION: "FOR" THE APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS We believe that you should vote "FOR" the approval, on a non-binding, advisory basis, of our named executive officer compensation, which, as described more fully under the section captioned "Compensation Discussion and Analysis," we have designed to have s Abstentions and broker non-votes will have the same effect as votes cast against the proposal.”.

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
Dawn M. SweeneyIndependent · Board Chair · AUDIT · COMPENSATION (Chair) · NOMINATING AND CORPORAT E GOVERNAN CE$166,000$0$0$0$0$166,000
Gary N. BostonIndependent · AUDIT (Chair) · COMPENSATION · NOMINATING AND CORPORAT E GOVERNAN CE114,0000000114,000
Cynthia Foster CurryIndependent · AUDIT · COMPENSATION · NOMINATING AND CORPORAT E GOVERNAN CE (Chair)109,0000000109,000
John M. CattonarEmployee director · Partial-year service000—00
David R. LukesEmployee director · Partial-year service000—00
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$300,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 15,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$389,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$389,000

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
1SITE Centers Corp.2025David Lukes$0$0$0$0$0

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 SITE Centers Corp. in fiscal 2025?
As disclosed, Aaron Kitlowski (Executive Vice President, General Counsel and Secretary) was the highest-paid executive at SITE Centers Corp. in fiscal 2025, with total compensation of $1,160,250.
How did shareholders vote on SITE Centers Corp.'s executive compensation?
As disclosed, 99.49% of shareholders supported SITE Centers Corp.'s executive compensation in the latest say-on-pay vote.
How much does SITE Centers Corp. spend in total on board compensation for fiscal 2025?
As disclosed, SITE Centers Corp. reported total board compensation of $389,000 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, Aaron KitlowskiDEF 14A2026-03-310001193125-26-134508Section “2025 Summary Compensation Table”. As printed: 1,160,250. Filing ↗machine: r12 · c34 · span 514851–514860
2Section 01, Gerald MorganDEF 14A2026-03-310001193125-26-134508Section “2025 Summary Compensation Table”. As printed: 812,000. Filing ↗machine: r6 · c34 · span 491393–491400
3Section 01, David LukesDEF 14A2026-03-310001193125-26-134508Section “2025 Summary Compensation Table”. As printed: 0. Filing ↗
4Section 01, John CattonarDEF 14A2026-03-310001193125-26-134508Section “2025 Summary Compensation Table”. As printed: 0. Filing ↗
5Section 07, pay ratioDEF 14A2026-03-310001193125-26-134508Section “CEO Pay Ratio”. As printed: —. Filing ↗
6Section 08, Dawn M. SweeneyDEF 14A2026-03-310001193125-26-134508Section “Director Compensation”. As printed: 166,000. Filing ↗machine: span 338349–338482
7Section 08, Gary N. BostonDEF 14A2026-03-310001193125-26-134508Section “Director Compensation”. As printed: 114,000. Filing ↗machine: span 332578–332711
8Section 08, Cynthia Foster CurryDEF 14A2026-03-310001193125-26-134508Section “Director Compensation”. As printed: 109,000. Filing ↗machine: span 335227–335360
9Section 08, John M. CattonarDEF 14A2026-03-310001193125-26-134508Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, David R. LukesDEF 14A2026-03-310001193125-26-134508Section “Director Compensation”. As printed: 0. Filing ↗
11Section 06, 2026 voteForm 8-K2026-05-140001193125-26-223975Item 5.07 · say-on-pay result. As reported: 99.49% (votes for as printed: 42,228,847). Filing ↗
12Section 06, 2025 voteForm 8-K2025-05-150000950170-25-072566Item 5.07 · say-on-pay result. As reported: 76.56% (votes for as printed: 36,138,833). Filing ↗
13Section 06, 2024 voteForm 8-K2024-05-090000950170-24-056884Item 5.07 · say-on-pay result. As reported: 95.32% (votes for as printed: 183,157,992). Filing ↗
14Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
15Section 09b board cost (computed)Computed——Cash 389,000 + equity 0 + all other 0 = 389,000, summed across the director compensation table rows.machine: formula: Σ = 389,000
16SITE Centers Corp. (subject), Section 10b CEO totalDEF 14A2026-03-310001193125-26-134508CEO total compensation as printed in SITE Centers Corp.'s own proxy. As printed: 0. Filing ↗

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SITC Peer Teardown Report