Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-28

Tejon Ranch Co. (TRC)

CEO Matthew Walker was paid $2,355,829 in fiscal year 2025, the 56th percentile of its disclosed peer group (SEC filing 0001628280-26-023519 ↗): 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.

$2,355,829
Matthew Walker total, FY2025
56th
CEO pay percentile vs peers
24:1
CEO-to-median pay ratio
90.71%
Say-on-pay support, latest vote

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TRC's next annual pay disclosure, estimated April 3, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Matthew Walker$513,393$0$1,441,679$0$396,463$0$4,294$2,355,829
President and Chief Executive Officer
Gregory Bielli380,301300,0000000770,6121,450,913
Former President and Chief Executive Officer
Robert Velasquez313,30035,548211,7220136,364013,911710,845
Senior Vice President and Chief Financial Officer and Chief Accounting Officer
Hugh McMahon315,8000213,3690137,76630,16011,961709,056
Executive Vice President, Real Estate
Michael Houston308,3000208,3290134,35006,539657,518
Senior Vice President, General Counsel and Corporate Secretary
Brett Brown257,8050269,400000101,502628,707
Former Executive Vice President and Chief Financial Officer
Allen Lyda74,58500000255,528330,113
Former Executive Vice President and Chief Operating 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
Matthew Walker$2,355,829———
Gregory Bielli1,450,9135,414,5283,870,462↓ −3,963,615
Robert Velasquez710,845689,5971,084,352↑ +21,248
Hugh McMahon709,056762,0111,480,019↓ −52,955
Michael Houston657,518—841,964—
Brett Brown628,7071,012,3761,512,604↓ −383,669
Allen Lyda330,1131,809,1131,114,458↓ −1,479,000

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

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Data as of July 28, 2026 · Source: 0001628280-26-023519 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for TRC

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Companies that benchmark against TRC
4 companies name TRC as a compensation peer

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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
Brett BrownCFO$628,707
Gregory BielliCEO$1,450,913
Hugh McMahonEVP$709,056
Allen LydaCOO$330,113
Robert VelasquezCFO$710,845
Matthew WalkerCEO$2,355,829
Michael HoustonGeneral Counsel$657,518
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
Andrew DakosIndependent Director$71,591
Anthony L. LeggioIndependent Director$131,129
Daniel R. TischIndependent Director$124,055
Denise GammonIndependent Director$116,147
Eric H. SperonIndependent Director$116,147
Jeffrey J. McCallIndependent Director$116,123
Kenneth G. YeeIndependent Director$116,147
Michael WinerFormer director (through FY2025)$50,061
Norman J. MetcalfeIndependent Director$141,143
Steven A. BettsIndependent Director$139,061
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
Norman J. MetcalfeDirector2026-04-07A1,245$19$23,456CommonForm 4 ↗
Denise GammonDirector2026-04-07A9131917,201CommonForm 4 ↗
Steven A. BettsDirector2026-04-07A1,3121924,718CommonForm 4 ↗
Andrew DakosDirector2026-04-07A9131917,201Common, indirectForm 4 ↗
Daniel R. TischDirector2026-04-07A1,7761933,460CommonForm 4 ↗
Gregory S. BielliDirector2026-04-07A9131917,201CommonForm 4 ↗
Anthony L. LeggioDirector2026-04-07A1,1131920,969CommonForm 4 ↗
Kenneth G. YeeDirector2026-04-07A9131917,201CommonForm 4 ↗
Eric H. SperonDirector2026-04-07A1,5771929,711CommonForm 4 ↗
Jeffrey J. McCallDirector2026-04-07A1,5771929,711CommonForm 4 ↗
Steven A. BettsDirector2026-07-14A1,3201924,684CommonForm 4 ↗
Eric H. SperonDirector2026-07-14A1,5871929,677CommonForm 4 ↗
Anthony L. LeggioDirector2026-07-14A1,1191920,925CommonForm 4 ↗
Denise GammonDirector2026-07-14A9181917,167CommonForm 4 ↗
Jeffrey J. McCallDirector2026-07-14A1,5871929,677CommonForm 4 ↗
Norman J. MetcalfeDirector2026-07-14A1,2531923,431CommonForm 4 ↗
Daniel R. TischDirector2026-07-14A1,7871933,417CommonForm 4 ↗
Gregory S. BielliDirector2026-07-14A9181917,167CommonForm 4 ↗
Andrew DakosDirector2026-07-14A9181917,167Common, indirectForm 4 ↗
Kenneth G. YeeDirector2026-07-14A5651910,566CommonForm 4 ↗
Michael HoustonSr. VP & General Counsel2026-07-28D1,1191820,668CommonForm 4 ↗
Michael HoustonSr. VP & General Counsel2026-07-28A2,8081851,864CommonForm 4 ↗
Hugh McMahonExecutive VP- Real Estate2026-07-28A2,8761853,120CommonForm 4 ↗
Robert VelasquezSVP Finance/CAO2026-07-28D1,4581826,929CommonForm 4 ↗
Robert VelasquezSVP Finance/CAO2026-07-28A2,8541852,713CommonForm 4 ↗
Hugh McMahonExecutive VP- Real Estate2026-07-28D1,3851825,581CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Hugh McMahonPSU2025-03-06—4,327—12,981$71,266
Robert VelasquezPSU2025-03-06—4,294—8,58870,722
Matthew WalkerRSU2025-03-06——43,760—670,841
Hugh McMahonRSU2025-03-06——8,628—142,103
Matthew WalkerRSU2025-03-06——33,975—520,837
Robert VelasquezRSU2025-03-06——8,561—141,000
Matthew WalkerPSU2025-03-06—16,308—32,616250,002
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Hugh McMahon$142,103$71,266$033.4%
Robert Velasquez141,00070,722033.4%
Matthew Walker1,191,678250,002017.3%

% 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
Robert VelasquezRSU2,798—$4,294
Matthew WalkerRSU16,308—16,308
Hugh McMahonRSU4,240—4,327
Michael HoustonRSU2,712—4,225
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee sets compensation at levels it determines to be competitive and appropriate, using professional experience and judgment. Pay decisions are not driven by a particular target level or formulaic approach, but consider multiple factors including company performance, criticality to the business, and the need to attract and retain talent.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)—
Independent consultantSemler Brossy
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1320,112,8261,796,845261,90890.71%Passed
20252025-05-1312,372,3718,709,0161,728,80554.24%Passed
20242024-05-1413,135,0778,440,983111,12460.57%Passed
20232023-05-0917,865,3141,646,961115,10191.02%Passed
20222022-05-1016,979,1781,946,84158,50889.44%Passed
20212021-05-198,648,5609,428,7811,271,42044.7%Failed

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
20262026-05-1390.71%a
20252025-05-1354.24%b
20242024-05-1460.57%c

a. Approved under the standard stated in the filing — “Abstentions will be counted as present and entitled to vote and will thus have the effect of a vote against Proposal 4.”.

b. Approved under the standard stated in the filing — “Abstentions will be counted as present and entitled to vote and will thus have the effect of a vote against Proposal 2.”.

c. Approved under the standard stated in the filing — “Abstentions will be counted as present and will thus have the effect of a vote against Proposal 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)24 : 1
CEO total compensation$2,355,829
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Norman J. MetcalfeIndependent · Audit · Compensation · Nominating · Real Estate$50,000$91,143$0$0$0$141,143
Steven A. BettsIndependent · Nominating · Real Estate · Compensation50,00089,061000139,061
Anthony L. LeggioIndependent · Audit · Real Estate50,00081,129000131,129
Daniel R. TischIndependent · Executive · Compensation · Nominating (Chair) · Real Estate · Partial-year service0124,055000124,055
Eric H. SperonIndependent · Nominating · Real Estate (Chair) · Partial-year service50,00066,147000116,147
Kenneth G. YeeIndependent · Compensation · Not standing for re-election · Partial-year service50,00066,147000116,147
Denise GammonIndependent · Audit · Nominating · Real Estate · Partial-year service50,00066,147000116,147
Jeffrey J. McCallIndependent · Compensation · Audit · Partial-year service0116,123000116,123
Gregory S. BielliEmployee director · Nominating · Real Estate37,50049,6790—087,179
Andrew DakosIndependent · Audit · Compensation · Real Estate30,83340,75800071,591
Michael WinerIndependent · Departed during FY · Partial-year service19,16730,89400050,061
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$387,500
Equity awards (grant-date value)$821,283
All other compensation$0
Total cost of the board$1,208,783

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

10

Disclosed peer group — fiscal year 2025

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 Tejon Ranch Co. 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 Tejon Ranch Co..

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
1Agree Realty Corporation2025Joel Agree$921,808$6,923,608$0$3,053,253$10,957,876
2Five Point Holdings2025Daniel Hedigan650,0004,736,51102,850,0008,247,397
3Kite Realty Trust2025John Kite1,000,0003,931,06102,912,5007,882,883
4Retail Opportunity Investment Corp.2023Stuart Tanz900,0004,096,63801,575,0006,626,718
5Seritage Growth Properties2025Andrea Olshan327,1150006,386,016
6American Assets Trust2025Adam Wyll750,0002,228,9160952,5004,806,038
7Alexander & Baldwin, Inc.2024Lance Parker701,2472,282,653—1,109,3274,336,581
8Forestar Group, Inc.2025Anthony Oxley500,0002,247,64001,315,6774,188,576
9CTO Realty Growth Inc.2025John Albright870,0001,778,42101,239,7503,905,735
10Whitestone REIT2024David Holeman493,2701,100,0000400,0002,400,145
11Tejon Ranch Co.2025Matthew Walker513,3931,441,6790396,4632,355,829
12Comstock Holding Companies, Inc.2025Christopher Clemente600,0000002,263,800
13One Liberty Properties, Inc.2025Patrick Callan1,061,330776,200002,009,253
14BRT Apartments Corp.2025Jeffrey Gould1,023,798497,555001,912,560
15The St. Joe Company2025Jorge Gonzalez611,673308,143001,857,798
16Stratus Properties2024William Armstrong750,000587,9230344,5051,751,376
17Alico, Inc.2025John Kiernan544,529468,1800238,8561,385,168
18Maui Land and Pineapple Company, Inc.2025Race Randle551,250826,8760—1,378,306
19Limoneira Company2025Harold Edwards719,250499,997001,277,951
20Saul Centers, Inc.2025B. Francis Saul125,0001,010,2250—1,262,364
21FRP Holdings, Inc.2025John Baker III411,00031,500350,000378,1201,181,300

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
Tejon Ranch Co.62%not disclosedNoSemler Brossy
Agree Realty Corporation329%PSU 70 · RSU 30NoMeridian Compensation Partners, LLC
Alexander & Baldwin, Inc.152%PSU 50 · RSU 50Yes — TSR in Relation to Selected Peer GroupWTW
Alico, Inc.not disclosednot disclosedNoSemler Brossy Consulting Group, LLC
American Assets Trust191%PSU 100Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Indexnot disclosed
BRT Apartments Corp.not disclosedPSU 100Yes — total stockholder return (TSR)not disclosed
Comstock Holding Companies, Inc.not disclosednot disclosedNonot disclosed
CTO Realty Growth Inc.150%PSU 61 · RSU 39Yes — Relative TSRFerguson Partners Consulting
Five Point Holdings143%PSU 70 · RSU 30NoFerguson Partners Consulting
Forestar Group, Inc.not disclosednot disclosedNoLockton Companies
FRP Holdings, Inc.not disclosednot disclosedNonot disclosed
Kite Realty Trustnot disclosedPSU 60 · RSU 40Yes — relative TSR performance versus shopping center REITsFerguson Partners Consulting
Limoneira Companynot disclosedPSU 50 · RSU 50NoPearl Meyer
Maui Land and Pineapple Company, Inc.not disclosedRSU 100not disclosedFerguson Partners Consulting
One Liberty Properties, Inc.not disclosedRSU 100Yes — Total Stockholder Return (TSR)Ferguson Partners Consulting L.P.
Retail Opportunity Investment Corp.not disclosedRestricted Shares 50 · LTIP Units 50not disclosedFTI Consulting Inc.
Saul Centers, Inc.20%RSU 50 · PRSU 50Nonot disclosed
Seritage Growth Propertiesnot disclosedCash LTI 100not disclosednot disclosed
Stratus Propertiesnot disclosednot disclosedNoFTI Consulting, Inc.
The St. Joe Company150%RSU 100not disclosednot disclosed
Whitestone REIT100%not disclosedNoZayla Partners

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.

10d

Frequently asked questions

Who was the highest-paid executive at Tejon Ranch Co. in fiscal 2025?
As disclosed, Matthew Walker (President and Chief Executive Officer) was the highest-paid executive at Tejon Ranch Co. in fiscal 2025, with total compensation of $2,355,829.
How does Tejon Ranch Co.'s chief executive pay compare to its disclosed peer group?
As disclosed, Matthew Walker's total compensation ranked at the 56th percentile of Tejon Ranch Co.'s disclosed peer group.
What is Tejon Ranch Co.'s CEO-to-median employee pay ratio?
As disclosed, Tejon Ranch Co.'s CEO-to-median employee pay ratio was 24:1.
How did shareholders vote on Tejon Ranch Co.'s executive compensation?
As disclosed, 90.71% of shareholders supported Tejon Ranch Co.'s executive compensation in the latest say-on-pay vote.
How much does Tejon Ranch Co. spend in total on board compensation for fiscal 2025?
As disclosed, Tejon Ranch Co. reported total board compensation of $1,208,783 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, Matthew WalkerDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 2,355,829. Filing ↗machine: t40 · r3 · c14 · span 701495–701504
2Section 01, Gregory BielliDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 1,450,913. Filing ↗machine: t40 · r13 · c14 · span 726246–726255
3Section 01, Robert VelasquezDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 710,845. Filing ↗machine: r5 · c24 · span 704892–704899
4Section 01, Hugh McMahonDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 709,056. Filing ↗machine: r8 · c24 · span 712386–712393
5Section 01, Michael HoustonDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 657,518. Filing ↗machine: r11 · c24 · span 720818–720825
6Section 01, Brett BrownDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 628,707. Filing ↗machine: r19 · c24 · span 742410–742417
7Section 01, Allen LydaDEF 14A2026-04-030001628280-26-023519Section “Fiscal Year 2025 Summary Compensation Table”. As printed: 330,113. Filing ↗machine: r16 · c24 · span 734507–734514
8Section 03, Hugh McMahon PSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t41 · r6 · c6 · span 762769–762775
9Section 03, Robert Velasquez PSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t41 · r4 · c6 · span 757968–757974
10Section 03, Matthew Walker RSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t43 · r12 · c1 · span 831552–831558
11Section 03, Hugh McMahon RSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t41 · r6 · c3 · span 762296–762303
12Section 03, Matthew Walker RSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Robert Velasquez RSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t41 · r4 · c3 · span 757495–757502
14Section 03, Matthew Walker PSUDEF 14A2026-04-030001628280-26-023519Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r2 · c2 · span 618297–618303
15Section 07, pay ratioDEF 14A2026-04-030001628280-26-023519Section “CEO Pay Ratio”. As printed: 24 : 1. Filing ↗machine: span 955779–955786
16Section 08, Norman J. MetcalfeDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 141,143. Filing ↗machine: span 945542–945784
17Section 08, Steven A. BettsDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 139,061. Filing ↗machine: span 937703–937974
18Section 08, Anthony L. LeggioDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 131,129. Filing ↗machine: span 942846–943088
19Section 08, Daniel R. TischDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 124,055. Filing ↗
20Section 08, Eric H. SperonDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 116,147. Filing ↗machine: t49 · r9 · c4 · span 946933–947065
21Section 08, Kenneth G. YeeDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 116,147. Filing ↗machine: t49 · r12 · c5 · span 950957–951199
22Section 08, Denise GammonDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 116,147. Filing ↗machine: t49 · r5 · c5 · span 941549–941766
23Section 08, Jeffrey J. McCallDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 116,123. Filing ↗
24Section 08, Gregory S. BielliDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 87,179. Filing ↗machine: span 938925–939141
25Section 08, Andrew DakosDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 71,591. Filing ↗machine: span 940158–940399
26Section 08, Michael WinerDEF 14A2026-04-030001628280-26-023519Section “Director Compensation”. As printed: 50,061. Filing ↗machine: t49 · r11 · c5 · span 949490–949706
27Section 02, Norman J. Metcalfe 2026-04-07Form 42026-04-070001193125-26-145926Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Denise Gammon 2026-04-07Form 42026-04-070001193125-26-145931Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Steven A. Betts 2026-04-07Form 42026-04-070001193125-26-145933Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Andrew Dakos 2026-04-07Form 42026-04-070001193125-26-145935Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Daniel R. Tisch 2026-04-07Form 42026-04-070001111794-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Gregory S. Bielli 2026-04-07Form 42026-04-070001193125-26-145929Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Anthony L. Leggio 2026-04-07Form 42026-04-070001193125-26-145932Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kenneth G. Yee 2026-04-07Form 42026-04-070001193125-26-145921Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Eric H. Speron 2026-04-07Form 42026-04-070001193125-26-145924Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jeffrey J. McCall 2026-04-07Form 42026-04-070001193125-26-145927Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Steven A. Betts 2026-07-14Form 42026-07-150000096869-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Eric H. Speron 2026-07-14Form 42026-07-150001193125-26-304539Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Anthony L. Leggio 2026-07-14Form 42026-07-150000096869-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Denise Gammon 2026-07-14Form 42026-07-150000096869-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Jeffrey J. McCall 2026-07-14Form 42026-07-150000096869-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Norman J. Metcalfe 2026-07-14Form 42026-07-150001193125-26-304530Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Daniel R. Tisch 2026-07-14Form 42026-07-140001111794-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Gregory S. Bielli 2026-07-14Form 42026-07-150000096869-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Andrew Dakos 2026-07-14Form 42026-07-150001193125-26-304554Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Kenneth G. Yee 2026-07-14Form 42026-07-150001193125-26-304563Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Michael Houston 2026-07-28Form 42026-07-280001193125-26-321646Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Michael Houston 2026-07-28Form 42026-07-280001193125-26-321646Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Hugh McMahon 2026-07-28Form 42026-07-280001193125-26-321652Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Robert Velasquez 2026-07-28Form 42026-07-280001193125-26-321653Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Robert Velasquez 2026-07-28Form 42026-07-280001193125-26-321653Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Hugh McMahon 2026-07-28Form 42026-07-280001193125-26-321652Insider equity transaction reported since the proxy statement. Filing ↗
53Section 06, 2026 voteForm 8-K2026-05-150001193125-26-224752Item 5.07 · say-on-pay result. As reported: 90.71% (votes for as printed: 20,112,826). Filing ↗
54Section 06, 2025 voteForm 8-K2025-05-190001193125-25-122159Item 5.07 · say-on-pay result. As reported: 54.24% (votes for as printed: 12,372,371). Filing ↗
55Section 06, 2024 voteForm 8-K2024-05-160001193125-24-140298Item 5.07 · say-on-pay result. As reported: 60.57% (votes for as printed: 13,135,077). Filing ↗
56Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
57Section 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
58Section 09b board cost (computed)Computed——Cash 387,500 + equity 821,283 + all other 0 = 1,208,783, summed across the director compensation table rows.machine: formula: Σ = 1,208,783
59Agree 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
60Five Point Holdings, Section 10b CEO totalDEF 14A2026-04-240001574197-26-000016CEO total compensation as printed in Five Point Holdings's own proxy. As printed: 8,247,397. Filing ↗machine: t25 · r2 · c25 · span 505848–505857
61Kite Realty Trust, Section 10b CEO totalDEF 14A2026-04-010001286043-26-000024CEO total compensation as printed in Kite Realty Trust's own proxy. As printed: 7,882,883. Filing ↗machine: r2 · c6 · span 1509426–1509435
62Retail Opportunity Investment Corp., Section 10b CEO totalDEF 14A2024-03-220001407623-24-000062CEO total compensation as printed in Retail Opportunity Investment Corp.'s own proxy. As printed: 6,626,718. Filing ↗machine: r2 · c42 · span 607173–607182
63Seritage Growth Properties, Section 10b CEO totalDEF 14A2026-04-270001174947-26-000519CEO total compensation as printed in Seritage Growth Properties's own proxy. As printed: 6,386,016. Filing ↗machine: t85 · r5 · c5 · span 266478–266487
64American Assets Trust, Section 10b CEO totalDEF 14A2026-04-100001500217-26-000023CEO total compensation as printed in American Assets Trust's own proxy. As printed: 4,806,038. Filing ↗machine: r5 · c54 · span 545070–545079
65Alexander & Baldwin, Inc., Section 10b CEO totalDEF 14A2025-03-110001545654-25-000011CEO total compensation as printed in Alexander & Baldwin, Inc.'s own proxy. As printed: 4,336,581. Filing ↗machine: r2 · c30 · span 672575–672584
66Forestar Group, Inc., Section 10b CEO totalDEF 14A2025-12-160001628280-25-057287CEO total compensation as printed in Forestar Group, Inc.'s own proxy. As printed: 4,188,576. Filing ↗machine: r6 · c48 · span 544185–544194
67CTO Realty Growth Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050405CEO total compensation as printed in CTO Realty Growth Inc.'s own proxy. As printed: 3,905,735. Filing ↗machine: t23 · r1 · c35 · span 620653–620662
68Whitestone REIT, Section 10b CEO totalDEF 14A2025-04-040001437749-25-011049CEO total compensation as printed in Whitestone REIT's own proxy. As printed: 2,400,145. Filing ↗machine: span 932008–932017
69Tejon Ranch Co. (subject), Section 10b CEO totalDEF 14A2026-04-030001628280-26-023519CEO total compensation as printed in Tejon Ranch Co.'s own proxy. As printed: 2,355,829. Filing ↗machine: t40 · r3 · c14 · span 701495–701504
70Comstock Holding Companies, Inc., 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
71One Liberty Properties, Inc., Section 10b CEO totalDEF 14A2026-04-200001140361-26-015499CEO total compensation as printed in One Liberty Properties, Inc.'s own proxy. As printed: 2,009,253. Filing ↗machine: r2 · c18 · span 461230–461239
72BRT Apartments Corp., Section 10b CEO totalDEF 14A2026-04-200001140361-26-015498CEO total compensation as printed in BRT Apartments Corp.'s own proxy. As printed: 1,912,560. Filing ↗machine: r2 · c18 · span 468941–468950
73The St. Joe Company, Section 10b CEO totalDEF 14A2026-03-310001140361-26-012328CEO total compensation as printed in The St. Joe Company's own proxy. As printed: 1,857,798. Filing ↗machine: r2 · c18 · span 439625–439634
74Stratus Properties, Section 10b CEO totalDEF 14A2025-04-080001193125-25-075061CEO total compensation as printed in Stratus Properties's own proxy. As printed: 1,751,376. Filing ↗machine: r2 · c29 · span 574394–574404
75Alico, Inc., Section 10b CEO totalDEF 14A2026-01-140000003545-26-000004CEO total compensation as printed in Alico, Inc.'s own proxy. As printed: 1,385,168. Filing ↗machine: r2 · c43 · span 363656–363665
76Maui Land and Pineapple Company, Inc., Section 10b CEO totalDEF 14A2026-04-090001437749-26-011910CEO total compensation as printed in Maui Land and Pineapple Company, Inc.'s own proxy. As printed: 1,378,306. Filing ↗machine: t67 · r1 · c29 · span 307864–307873
77Limoneira Company, Section 10b CEO totalDEF 14A2026-02-180001174947-26-000188CEO total compensation as printed in Limoneira Company's own proxy. As printed: 1,277,951. Filing ↗machine: r1 · c6 · span 771090–771099
78Saul Centers, Inc., Section 10b CEO totalDEF 14A2026-03-230000907254-26-000025CEO total compensation as printed in Saul Centers, Inc.'s own proxy. As printed: 1,262,364. Filing ↗machine: span 314877–314886
79FRP Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-160000844059-26-000041CEO total compensation as printed in FRP Holdings, Inc.'s own proxy. As printed: 1,181,300. Filing ↗
80Section 10a, Alexander & Baldwin, Inc. reciprocityDEF 14A—0001545654-25-000011Alexander & Baldwin, Inc.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
81Section 10a, Kite Realty Trust reciprocityDEF 14A—0001286043-26-000024Kite Realty Trust's most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
82Section 10a, Agree Realty Corporation reciprocityDEF 14A—0000917251-26-000031Agree Realty Corporation's most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
83Section 10a, Alico, Inc. reciprocityDEF 14A—0000003545-24-000019Alico, Inc. names Tejon Ranch Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, BRT Apartments Corp. reciprocityDEF 14A—0001140361-24-020910BRT Apartments Corp.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
85Section 10a, CTO Realty Growth Inc. reciprocityDEF 14A—0001104659-26-050405CTO Realty Growth Inc.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
86Section 10a, Five Point Holdings reciprocityDEF 14A—0001574197-26-000016Five Point Holdings names Tejon Ranch Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Forestar Group, Inc. reciprocityDEF 14A—0001628280-25-057287Forestar Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
88Section 10a, Limoneira Company reciprocityDEF 14A—0001174947-26-000188Limoneira Company names Tejon Ranch Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, One Liberty Properties, Inc. reciprocityDEF 14A—0001140361-26-015499One Liberty Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
90Section 10a, Seritage Growth Properties reciprocityDEF 14A—0001174947-21-000392Seritage Growth Properties's most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
91Section 10a, Comstock Holding Companies, Inc. reciprocityDEF 14A—0001564590-19-000824Comstock Holding Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
92Section 10a, American Assets Trust reciprocityDEF 14A—0001500217-26-000023American Assets Trust's most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
93Section 10a, Whitestone REIT reciprocityDEF 14A—0001437749-25-011049Whitestone REIT's most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
94Section 10a, Retail Opportunity Investment Corp. reciprocityDEF 14A—0001407623-24-000062Retail Opportunity Investment Corp.'s most recent proxy was read; its disclosed peer group does not include Tejon Ranch Co.. Filing ↗
95Section 10a, Stratus Properties reciprocityDEF 14A—0001193125-25-075061Stratus Properties names Tejon Ranch Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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