Velarion · Company Intelligence
Compensation Brief
Fiscal year 2021 · Filings through 2026-04-24

Store Capital (STOR)

Fiscal year 2021 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.

$14,058,789
Christopher Volk total, FY2021
Former Chief Executive Officer and Executive Chairhighest-paid officer; CEO Mary Fedewa: $7,028,435
21st
CEO (Mary Fedewa) pay percentile vs peers
CEO-to-median pay ratio
69.93%
Say-on-pay support, latest vote
Companies that benchmark against STOR
No companies currently name STOR 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 2021

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Volk$648,333$0$6,456,207$0$0$0$6,954,249$14,058,789
Former Chief Executive Officer and Executive Chair
Mary Fedewa705,13904,535,09601,756,265031,9357,028,435
President and Chief Executive Officer
Catherine Long435,60602,421,0750733,174017,4503,607,305
Former Executive Vice President Chief Financial Officer and Treasurer
Sherry Rexroad104,167500,0001,814,073000177,0002,595,240
Executive Vice President Chief Financial Officer and Treasurer
Tyler Maertz357,8210744,6930444,603016,1011,563,218
Executive Vice President Acquisitions

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 officerFY2021 totalFY2020 totalFY2019 totalΔ FY20202021
Christopher Volk$14,058,789
Mary Fedewa7,028,435
Catherine Long3,607,305
Sherry Rexroad2,595,240
Tyler Maertz1,563,218

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 2021

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Tyler MaertzRSU29,308$1,008,195
Mary FedewaRSU70,8552,437,412
Sherry RexroadRSU15,347527,937
Christopher VolkPSU260,4318,958,826
Tyler MaertzPSU35,7201,228,768
Sherry RexroadPSU102,0563,510,726
Catherine LongPSU157,9165,432,310
Mary FedewaPSU320,06911,010,374
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe the most effective compensation program is one that promotes our ability to attract and retain highly qualified and motivated individuals who are aligned with the interests of our stockholders. Our Compensation Committee seeks to develop a well-balanced program that contains a competitive annual base salary but that is weighted towards variable at-risk pay elements through the use of short-term cash incentive and long-term equity-based compensation.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantKorn Ferry
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20212021-05-27153,687,31866,097,343446,69169.93%Passed
20202020-05-28192,732,70412,938,132225,39693.71%Passed
20192019-05-30182,020,1084,946,008262,97797.35%Passed
20182018-05-31159,750,4179,406,169764,64994.44%Passed
20172017-06-01152,454,6657,545,729754,26495.28%Passed
20162016-06-02122,762,0301,451,50533,63298.83%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
20212021-05-2769.93%a
20202020-05-2893.71%b
20192019-05-3097.35%c

a. Approved under the standard stated in the filing — “Broker non-votes or abstentions will have no effect on the results of this proposal.”.

b. Approved under the standard stated in the filing — “Broker non-votes or abstentions will have no effect on the results of this proposal.”.

c. Approved under the standard stated in the filing — “Broker non-votes or abstentions will not be counted as votes cast and will have no effect on the result of the vote on this 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.

09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$130,000
Per board meeting fee$0
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 12,500
Stock ownership guideline
10

Disclosed peer group — fiscal year 2021

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Store Capital names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Store Capital.

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
1Gaming and Leisure Properties, Inc.2025Peter Carlino$1,808,468$8,600,900$0$3,089,466$14,054,918
2Omega Healthcare Investors, Inc.2025C. Taylor Pickett967,00011,248,49801,297,59314,020,475
3Spirit Realty Capital2022Jackson Hsieh901,2508,972,07802,793,87512,721,068
4Agree Realty Corporation2025Joel Agree921,8086,923,60803,053,25310,957,876
5EPR Properties2025Gregory Silvers933,4007,266,1550010,901,683
6W.P. Carey Inc.2025Jason Fox1,000,0007,986,68601,770,00010,786,686
7Physicians Realty Trust2025Scott Brinker825,0007,208,68801,986,15610,072,994
8National Retail Properties, Inc.2025Stephen Horn975,0006,664,54402,069,4379,730,926
9Douglas Emmett, Inc.2025Jordan Kaplan800,0008,170,000009,012,069
10American Homes 4 Rent2025Bryan Smith850,0005,114,70001,556,3717,535,178
11Store Capital2021Mary Fedewa705,1394,535,09601,756,2657,028,435
12Lexington Realty Trust2025T. Wilson Eglin840,0004,044,98201,442,4386,645,384
13Broadstone Net Lease, Inc.2025John Moragne600,0003,918,50601,187,7706,065,001
14STAG Industrial, Inc.2025William Crooker800,0003,599,97001,427,9155,881,152
CyrusOne, Inc.not in coverage universe
Medical Properties Trust, Inc.not in coverage universe
QTS Realty Trust, Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Store Capital84.7%PSU 75 · RSU 25Yes — Relative Compounded Annual TSRKorn Ferry
Agree Realty Corporation329%PSU 70 · RSU 30NoMeridian
American Homes 4 Rent104.6%PSU 60 · RSU 40Yes — Relative TSRSemler Brossy
Broadstone Net Lease, Inc.198%PSU 60 · RSU 40Yes — Relative Total Shareholder Return vs rTSR Peer GroupFerguson Partners Consulting, L.P.
CyrusOne, Inc.not disclosednot disclosednot disclosednot disclosed
Douglas Emmett, Inc.not disclosedLTIP Units 100not disclosedFTI Consulting, Inc.
EPR Properties276.2%PSU 70 · RSU 30Yes — TSR vs. TSR of Triple-Net Peer GroupFerguson Partners Consulting L.P.
Gaming and Leisure Properties, Inc.171%PSU 80 · RSU 20Yes — TSR measured against the US MSCI Index and triple-net REIT peersFPC
Lexington Realty Trustnot disclosedPSU 60 · RSU 40Yes — Relative TSR compared to MSCI US REIT IndexFerguson Partners Consulting, L.P.
Medical Properties Trust, Inc.not disclosednot disclosednot disclosednot disclosed
National Retail Properties, Inc.212.25%PSU 70 · RSU 30Yes — Three-year relative TSR compared to FTSE Nareit All Equity REITs IndexPearl Meyer
Omega Healthcare Investors, Inc.149.0%PSU 60 · RSU 40Yes — Relative TSR vs. FTSE Nareit Equity Health Care IndexFerguson Partners Consulting L.P.
Physicians Realty Trust127%PSU 60 · RSU 40Yes — 3-Year Relative TSR PerformanceFerguson Partners Consulting
QTS Realty Trust, Inc.not disclosednot disclosednot disclosednot disclosed
Spirit Realty Capital310%PSU 100Yes — Relative TSRFerguson Partners Consulting (FPC)
STAG Industrial, Inc.178%PSU 65 · LTIP Units 35Yes — Relative TSR vs Industry Peer GroupFerguson Partners Consulting
W.P. Carey Inc.118.0%PSU 60 · RSU 40Yes — TSR relative to the constituents of the MSCI US REIT IndexFrederic W. Cook & Co., Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

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 VolkDEF 14A2022-04-140001193125-22-105761Section “Summary Compensation Table”. As printed: 14,058,789. Filing ↗
2Section 01, Mary FedewaDEF 14A2022-04-140001193125-22-105761Section “Summary Compensation Table”. As printed: 7,028,435. Filing ↗
3Section 01, Catherine LongDEF 14A2022-04-140001193125-22-105761Section “Summary Compensation Table”. As printed: 3,607,305. Filing ↗
4Section 01, Sherry RexroadDEF 14A2022-04-140001193125-22-105761Section “Summary Compensation Table”. As printed: 2,595,240. Filing ↗
5Section 01, Tyler MaertzDEF 14A2022-04-140001193125-22-105761Section “Summary Compensation Table”. As printed: 1,563,218. Filing ↗machine: t288 · span 733592–733601
6Section 06, 2021 voteForm 8-K2021-06-010001558370-21-007901Item 5.07 · say-on-pay result. As reported: 69.93% (votes for as printed: 153,687,318). Filing ↗machine: span 67139–73025
7Section 06, 2020 voteForm 8-K2020-06-010001558370-20-007150Item 5.07 · say-on-pay result. As reported: 93.71% (votes for as printed: 192,732,704). Filing ↗machine: span 61358–69218
8Section 06, 2019 voteForm 8-K2019-05-310001140361-19-010191Item 5.07 · say-on-pay result. As reported: 97.35%. Filing ↗
9Gaming and Leisure Properties, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177324CEO total compensation as printed in Gaming and Leisure Properties, Inc.'s own proxy. As printed: 14,054,918. Filing ↗
10Omega Healthcare Investors, Inc., Section 10b CEO totalDEF 14A2026-04-210001104659-26-045753CEO total compensation as printed in Omega Healthcare Investors, Inc.'s own proxy. As printed: 14,020,475. Filing ↗machine: t146 · r7 · c16 · span 1713701–1713711
11Spirit Realty Capital, Section 10b CEO totalDEF 14A2023-03-230001193125-23-077255CEO total compensation as printed in Spirit Realty Capital's own proxy. As printed: 12,721,068. Filing ↗machine: r4 · c22 · span 697594–697604
12Agree Realty Corporation, Section 10b CEO totalDEF 14A2026-04-020000917251-26-000031CEO total compensation as printed in Agree Realty Corporation's own proxy. As printed: 10,957,876. Filing ↗machine: t90 · r2 · c21 · span 720296–720306
13EPR Properties, Section 10b CEO totalDEF 14A2026-03-260001045450-26-000016CEO total compensation as printed in EPR Properties's own proxy. As printed: 10,901,683. Filing ↗machine: r3 · c45 · span 794198–794208
14W.P. Carey Inc., Section 10b CEO totalDEF 14A2026-03-270001025378-26-000063CEO total compensation as printed in W.P. Carey Inc.'s own proxy. As printed: 10,786,686. Filing ↗machine: r4 · c21 · span 810394–810404
15Physicians Realty Trust, Section 10b CEO totalDEF 14A2026-03-120001104659-26-027086CEO total compensation as printed in Physicians Realty Trust's own proxy. As printed: 10,072,994. Filing ↗machine: t197 · r7 · c18 · span 1414974–1414984
16National Retail Properties, Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-118585CEO total compensation as printed in National Retail Properties, Inc.'s own proxy. As printed: 9,730,926. Filing ↗machine: t26 · r3 · c14 · span 998777–998786
17Douglas Emmett, Inc., Section 10b CEO totalDEF 14A2026-04-170001364250-26-000020CEO total compensation as printed in Douglas Emmett, Inc.'s own proxy. As printed: 9,012,069. Filing ↗machine: span 506518–506527
18American Homes 4 Rent, Section 10b CEO totalDEF 14A2026-03-270001562401-26-000018CEO total compensation as printed in American Homes 4 Rent's own proxy. As printed: 7,535,178. Filing ↗machine: r2 · c8 · span 1506459–1506468
19Store Capital (subject), Section 10b CEO totalDEF 14A2022-04-140001193125-22-105761CEO total compensation as printed in Store Capital's own proxy. As printed: 7,028,435. Filing ↗
20Lexington Realty Trust, Section 10b CEO totalDEF 14A2026-04-030000910108-26-000015CEO total compensation as printed in Lexington Realty Trust's own proxy. As printed: 6,645,384. Filing ↗machine: t65 · r2 · c15 · span 653567–653576
21Broadstone Net Lease, Inc., Section 10b CEO totalDEF 14A2026-03-200001424182-26-000025CEO total compensation as printed in Broadstone Net Lease, Inc.'s own proxy. As printed: 6,065,001. Filing ↗machine: span 1494368–1494377
22STAG Industrial, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-031046CEO total compensation as printed in STAG Industrial, Inc.'s own proxy. As printed: 5,881,152. Filing ↗machine: span 1074440–1074449
23Section 10a, Agree Realty Corporation reciprocityDEF 14A0000917251-26-000031Agree Realty Corporation's most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
24Section 10a, American Homes 4 Rent reciprocityDEF 14A0001562401-26-000018American Homes 4 Rent's most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
25Section 10a, Broadstone Net Lease, Inc. reciprocityDEF 14A0001424182-26-000025Broadstone Net Lease, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
26Section 10a, Douglas Emmett, Inc. reciprocityDEF 14A0001364250-26-000020Douglas Emmett, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
27Section 10a, EPR Properties reciprocityDEF 14A0001045450-26-000016EPR Properties's most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
28Section 10a, Gaming and Leisure Properties, Inc. reciprocityDEF 14A0001193125-26-177324Gaming and Leisure Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
29Section 10a, Lexington Realty Trust reciprocityDEF 14A0000910108-26-000015Lexington Realty Trust's most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
30Section 10a, Medical Properties Trust, Inc. reciprocityDEF 14A0000950170-25-055431Medical Properties Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
31Section 10a, National Retail Properties, Inc. reciprocityDEF 14A0001193125-26-118585National Retail Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
32Section 10a, Omega Healthcare Investors, Inc. reciprocityDEF 14A0001104659-26-045753Omega Healthcare Investors, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
33Section 10a, Physicians Realty Trust reciprocityDEF 14A0001104659-26-027086Physicians Realty Trust's most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
34Section 10a, Spirit Realty Capital reciprocityDEF 14A0001193125-23-077255Spirit Realty Capital names Store Capital in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, STAG Industrial, Inc. reciprocityDEF 14A0001104659-26-031046STAG Industrial, Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗
36Section 10a, W.P. Carey Inc. reciprocityDEF 14A0001025378-26-000063W.P. Carey Inc.'s most recent proxy was read; its disclosed peer group does not include Store Capital. Filing ↗