Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-01

VICI Properties Inc. (VICI)

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.

$14,007,585
Edward Pitoniak total, FY2025
44th
CEO pay percentile vs peers
30:1
CEO-to-median pay ratio
94.92%
Say-on-pay support, latest vote
Companies that benchmark against VICI
3 companies name VICI as a compensation peer

Each company listed discloses VICI 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 VICI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Edward Pitoniak$1,000,000$0$8,479,307$0$4,500,000$0$28,278$14,007,585
Chief Executive Officer
John Payne1,200,00002,494,56903,120,000018,7026,833,271
President and Chief Operating Officer
David Kieske650,00002,951,34101,885,000016,4225,502,763
Executive Vice President, Chief Financial Officer and Treasurer
Samantha Gallagher620,00002,306,37101,798,000015,5104,739,881
Executive Vice President, General Counsel and Secretary

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 FY20242025
Edward Pitoniak$14,007,585$12,800,745$11,277,678+1,206,840
John Payne6,833,2715,653,0265,418,102+1,180,245
David Kieske5,502,7634,653,2544,453,322+849,509
Samantha Gallagher4,739,8813,631,1493,466,410+1,108,732

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

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
Elizabeth I. HollandDirector2026-04-01A247$0$0CommonForm 4 ↗
Monica H. DouglasDirector2026-04-01A15100CommonForm 4 ↗
Craig MacnabDirector2026-04-01A41200CommonForm 4 ↗
James R. AbrahamsonDirector2026-04-01A91400CommonForm 4 ↗
Diana F. CantorDirector2026-04-01A48000CommonForm 4 ↗
Michael D. RumbolzDirector2026-04-01A32000CommonForm 4 ↗
James R. AbrahamsonDirector2026-04-28A7,54600CommonForm 4 ↗
Craig MacnabDirector2026-04-28A7,54600CommonForm 4 ↗
Elizabeth I. HollandDirector2026-04-28A7,54600CommonForm 4 ↗
Diana F. CantorDirector2026-04-28A7,54600CommonForm 4 ↗
Michael D. RumbolzDirector2026-04-28A7,54600CommonForm 4 ↗
Monica H. DouglasDirector2026-04-28A7,54600CommonForm 4 ↗
Edward Baltazar PitoniakDirector2026-06-01D20,00000CommonForm 4 ↗
James R. AbrahamsonDirector2026-07-01A93300CommonForm 4 ↗
Diana F. CantorDirector2026-07-01A49000CommonForm 4 ↗
Michael D. RumbolzDirector2026-07-01A32700CommonForm 4 ↗
Elizabeth I. HollandDirector2026-07-01A25200CommonForm 4 ↗
Monica H. DouglasDirector2026-07-01A15400CommonForm 4 ↗
Craig MacnabDirector2026-07-01A50000CommonForm 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
John PaynePSU2025-02-2022,72545,45090,900$1,582,569
John PayneRSU2025-02-2030,300912,000
Edward PitoniakRSU2025-02-20102,9933,100,000
Samantha GallagherRSU2025-02-2028,014843,200
Edward PitoniakPSU2025-02-2077,245154,489308,9785,379,307
Samantha GallagherPSU2025-02-2021,01142,02184,0421,463,171
David KieskePSU2025-02-2026,88653,772107,5441,872,341
David KieskeRSU2025-02-2035,8481,079,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Payne$912,000$1,582,569$063.4%
Edward Pitoniak3,100,0005,379,307063.4%
Samantha Gallagher843,2001,463,171063.4%
David Kieske1,079,0001,872,341063.4%

% 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
Samantha GallagherRSU5,691$160,031
David KieskePSU40,8651,149,124
Samantha GallagherRSU14,538408,809
John PayneRSU18,434518,364
David KieskeRSU35,8481,008,046
John PaynePSU34,540971,265
David KieskeRSU21,179595,553
Edward PitoniakRSU102,9932,896,163
Edward PitoniakPSU117,4073,301,485
Edward PitoniakRSU70,0311,969,272
Samantha GallagherRSU28,014787,754
Edward PitoniakRSU24,319683,850
John PayneRSU30,300852,036
Samantha GallagherPSU31,934897,984
David KieskeRSU8,269232,524
John PayneRSU7,471210,085
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is designed to attract and retain high-performing executives by motivating and rewarding our executives for achieving both short- and long-term performance goals that are aimed at growing stockholder value.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPay Governance LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-28867,442,31346,467,5902,042,25094.92%Passed
20252025-04-29900,381,99140,546,2121,118,24195.69%Passed
20242024-04-30882,136,36937,288,169668,86195.94%Passed
20232023-04-27836,901,84038,854,071553,88495.56%Passed
20222022-04-27638,026,41328,561,7072,306,15995.72%Passed
20202020-04-30410,533,92821,207,632101,32095.09%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
20262026-04-2894.92%a
20252025-04-2995.69%b
20242024-04-3095.94%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “We will include abstentions and "broker non-votes" in the calculation of the number of shares of common stock considered to be present at the meeting for purposes of determining the presence of a quorum at the meeting.”.

c. Approved under the standard stated in the filing — “As a result, for purposes of the vote on this proposal, abstentions will not be counted as votes cast and will have no effect on the result of the vote, although they will be considered present for the purpose of determining the presence of a quorum.”.

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)30 : 1
CEO total compensation$14,007,585
Median employee compensation$468,119
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James R. AbrahamsonIndependent · Board Chair$191,826$291,826$0$0$0$483,652
Craig MacnabIndependent · Audit · Compensation (Chair)100,000245,0000023,340368,340
Diana F. CantorIndependent · Audit (Chair) · Nominating and Governance100,000251,682000351,682
Elizabeth I. HollandIndependent · Audit · Nominating and Governance (Chair)117,346226,019000343,365
Michael D. RumbolzIndependent · Audit · Compensation100,000231,949000331,949
Monica H. DouglasIndependent · Compensation · Nominating and Governance109,452214,178000323,630
Edward B. PitoniakEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)40,000 / 25,000 / 25,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$718,624
Equity awards (grant-date value)$1,460,654
All other compensation$23,340
Total cost of the board$2,202,618

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 VICI Properties Inc. 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 VICI Properties Inc..

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
1Welltower, Inc.2025Shankh Mitra$1,300,000$813,178,818$0$6,500,000$821,090,355
2Hilton Worldwide Holdings Inc.2025Christopher Nassetta1,300,00017,324,7225,774,9612,974,11127,674,400
3MGM Resorts International2025William Hornbuckle2,000,00010,052,75105,000,00025,329,156
4Equinix, Inc.2025Adaire Fox-Martin1,000,00021,416,9514322,654,885
5Digital Realty Trust, Inc.2025Andrew Power978,84614,174,68403,700,00021,071,498
6Caesars Entertainment, Inc.2025Thomas Reeg2,060,00011,991,46702,945,80017,199,029
7Realty Income Corporation2025Sumit Roy1,000,0009,149,49604,981,01216,251,931
8Wynn Resorts, Limited2025Craig Billings2,000,0009,624,11003,433,75015,090,901
9Extra Space Storage Inc.2025Joseph Margolis940,00011,138,71501,616,21314,186,887
10Gaming and Leisure Properties, Inc.2025Peter Carlino1,808,4688,600,90003,089,46614,054,918
11VICI Properties Inc.2025Edward Pitoniak1,000,0008,479,30704,500,00014,007,585
12Equity Residential2025Mark Parrell900,0008,023,6681,498,7412,317,61312,759,187
13Simon Property Group, Inc.2025David Simon1,250,0007,000,2610011,663,678
14SBA Communications Corp.2025Brendan Cavanagh955,0008,640,31301,733,08611,358,715
15W.P. Carey Inc.2025Jason Fox1,000,0007,986,68601,770,00010,786,686
16Healthpeak Properties, Inc.2025Scott Brinker825,0007,208,68801,986,15610,072,994
17Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777
18AvalonBay Communities, Inc.2025Benjamin Schall1,000,0006,319,735482,3651,815,5409,663,500
19Alexandria Real Estate Equities, Inc.2025Peter Moglia840,0006,106,50201,890,0008,844,053

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
VICI Properties Inc.200%not disclosedYes — Relative TSRPay Governance LLC
Alexandria Real Estate Equities, Inc.not disclosedPSU 50 · RSU 50Yes — Absolute TSRFTI Consulting, Inc.
AvalonBay Communities, Inc.104.8%PSU 100NoFerguson Partners Consulting L.P.
Caesars Entertainment, Inc.71.5%RSU 50 · PSU 50Yes — relative total shareholder return (rTSR)Aon
Digital Realty Trust, Inc.378%PSU 60 · LTIP Units 40NoSemler Brossy
Equinix, Inc.99%PSU 67 · RSU 33Yes — rTSRCompensia
Equity Residential114.45%PSU 100Yes — Performance of Company relative to weighted average TSR of companies in the FTSE Nareit Equity Apartments IndexFerguson Partners Consulting
Extra Space Storage Inc.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Gaming and Leisure Properties, Inc.171%PSU 80 · RSU 20Yes — TSR measured against the US MSCI Index and triple-net REIT peersFPC
Healthpeak Properties, Inc.127%PSU 60 · RSU 40Yes — 3-Year Relative TSR PerformanceFerguson Partners Consulting
Hilton Worldwide Holdings Inc.114%PSU 50 · RSU 25 · Options 25NoExequity
MGM Resorts International100%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook
Public Storagenot disclosedRSU 60 · Options 40not disclosedFerguson Partners Consulting
Realty Income Corporation199%PSU 75 · RSU 25Yes — TSR ranking relative to MSCI US REIT IndexFPC
SBA Communications Corp.103.7%PSU 60 · RSU 40Yes — Relative TSRF.W. Cook & Co., Inc.
Simon Property Group, Inc.49.63%LTIP Units 75 · RSU 25Yes — TSR modifierSemler Brossy
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.
Welltower, Inc.200%not disclosedYes — TSR vs FTSE NAREIT Equity Health Care IndexFPC
Wynn Resorts, Limited256%PSU 55 · RSU 45NoRadford

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at VICI Properties Inc. in fiscal 2025?
As disclosed, the highest-paid executive at VICI Properties Inc. in fiscal 2025 was Edward Pitoniak, Chief Executive Officer, with total compensation of $14,007,585.
How does VICI Properties Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows that the CEO's pay falls at the 44th percentile of the disclosed peer group.
What is VICI Properties Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 30:1 as disclosed in the filing.
How did shareholders vote on VICI Properties Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 94.92% support in the latest vote.
How much does VICI Properties Inc. spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 as $2,202,618.

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, Edward PitoniakDEF 14A2026-03-160001104659-26-028592Section “2025 SUMMARY COMPENSATION TABLE” · page 59. As printed: 14,007,585. Filing ↗machine: r1 · c42 · span 1794196–1794206
2Section 01, John PayneDEF 14A2026-03-160001104659-26-028592Section “2025 SUMMARY COMPENSATION TABLE” · page 59. As printed: 6,833,271. Filing ↗machine: r4 · c42 · span 1808887–1808896
3Section 01, David KieskeDEF 14A2026-03-160001104659-26-028592Section “2025 SUMMARY COMPENSATION TABLE” · page 59. As printed: 5,502,763. Filing ↗machine: r7 · c42 · span 1823610–1823619
4Section 01, Samantha GallagherDEF 14A2026-03-160001104659-26-028592Section “2025 SUMMARY COMPENSATION TABLE” · page 59. As printed: 4,739,881. Filing ↗machine: r10 · c42 · span 1838448–1838457
5Section 03, John Payne PSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r9 · c33 · span 1930783–1930789
6Section 03, John Payne RSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r8 · c45 · span 1926218–1926224
7Section 03, Edward Pitoniak RSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r4 · c45 · span 1901479–1901486
8Section 03, Samantha Gallagher RSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r16 · c45 · span 1975791–1975797
9Section 03, Edward Pitoniak PSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r5 · c33 · span 1906047–1906054
10Section 03, Samantha Gallagher PSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r17 · c33 · span 1981488–1981494
11Section 03, David Kieske PSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r13 · c33 · span 1955517–1955523
12Section 03, David Kieske RSUDEF 14A2026-03-160001104659-26-028592Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t229 · r12 · c45 · span 1950950–1950956
13Section 07, pay ratioDEF 14A2026-03-160001104659-26-028592Section “CEO Pay Ratio”. As printed: 30 : 1. Filing ↗machine: span 2247534–2247541
14Section 08, James R. AbrahamsonDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 483,652. Filing ↗machine: t83 · r1 · c24 · span 896390–896397
15Section 08, Craig MacnabDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 368,340. Filing ↗machine: t83 · r5 · c24 · span 909038–909045
16Section 08, Diana F. CantorDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 351,682. Filing ↗machine: t83 · r2 · c24 · span 899492–899499
17Section 08, Elizabeth I. HollandDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 343,365. Filing ↗machine: t83 · r4 · c24 · span 905703–905710
18Section 08, Michael D. RumbolzDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 331,949. Filing ↗machine: t83 · r6 · c24 · span 912975–912982
19Section 08, Monica H. DouglasDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 323,630. Filing ↗machine: t83 · r3 · c24 · span 902596–902603
20Section 08, Edward B. PitoniakDEF 14A2026-03-160001104659-26-028592Section “Director Compensation”. As printed: 0. Filing ↗
21Section 02, Elizabeth I. Holland 2026-04-01Form 42026-04-020001705696-26-000047Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Monica H. Douglas 2026-04-01Form 42026-04-020001705696-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Craig Macnab 2026-04-01Form 42026-04-020001705696-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, James R. Abrahamson 2026-04-01Form 42026-04-020001705696-26-000044Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Diana F. Cantor 2026-04-01Form 42026-04-020001705696-26-000045Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Michael D. Rumbolz 2026-04-01Form 42026-04-020001705696-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, James R. Abrahamson 2026-04-28Form 42026-04-280001705696-26-000060Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Craig Macnab 2026-04-28Form 42026-04-280001705696-26-000064Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Elizabeth I. Holland 2026-04-28Form 42026-04-280001705696-26-000063Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Diana F. Cantor 2026-04-28Form 42026-04-280001705696-26-000061Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Michael D. Rumbolz 2026-04-28Form 42026-04-280001705696-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Monica H. Douglas 2026-04-28Form 42026-04-280001705696-26-000062Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Edward Baltazar Pitoniak 2026-06-01Form 42026-06-020001661712-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, James R. Abrahamson 2026-07-01Form 42026-07-010001705696-26-000077Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Diana F. Cantor 2026-07-01Form 42026-07-010001705696-26-000078Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Michael D. Rumbolz 2026-07-01Form 42026-07-010001705696-26-000082Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Elizabeth I. Holland 2026-07-01Form 42026-07-010001705696-26-000080Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Monica H. Douglas 2026-07-01Form 42026-07-010001705696-26-000079Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Craig Macnab 2026-07-01Form 42026-07-010001705696-26-000081Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-04-280001705696-26-000053Item 5.07 · say-on-pay result. As reported: 94.92% (votes for as printed: 867,442,313). Filing ↗
41Section 06, 2025 voteForm 8-K2025-04-290001705696-25-000069Item 5.07 · say-on-pay result. As reported: 95.69% (votes for as printed: 900,381,991). Filing ↗
42Section 06, 2024 voteForm 8-K2024-04-300001705696-24-000061Item 5.07 · say-on-pay result. As reported: 95.94% (votes for as printed: 882,136,369). Filing ↗
43Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
45Section 09b board cost (computed)ComputedcomputedCash 718,624 + equity 1,460,654 + all other 23,340 = 2,202,618, summed across the director compensation table rows.machine: formula: Σ = 2,202,618
46Welltower, Inc., Section 10b CEO totalDEF 14A2026-04-100000766704-26-000014CEO total compensation as printed in Welltower, Inc.'s own proxy. As printed: 821,090,355. Filing ↗machine: t141 · r3 · c12 · span 1124520–1124531
47Hilton Worldwide Holdings Inc., Section 10b CEO totalDEF 14A2026-04-020001585689-26-000023CEO total compensation as printed in Hilton Worldwide Holdings Inc.'s own proxy. As printed: 27,674,400. Filing ↗machine: r2 · c27 · span 712793–712804
48MGM Resorts International, Section 10b CEO totalDEF 14A2026-03-270001193125-26-129074CEO total compensation as printed in MGM Resorts International's own proxy. As printed: 25,329,156. Filing ↗machine: span 1064000–1064010
49Equinix, Inc., Section 10b CEO totalDEF 14A2026-04-020001101239-26-000073CEO total compensation as printed in Equinix, Inc.'s own proxy. As printed: 22,654,885. Filing ↗machine: span 1101160–1101170
50Digital Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001308179-26-000296CEO total compensation as printed in Digital Realty Trust, Inc.'s own proxy. As printed: 21,071,498. Filing ↗machine: r2 · c14 · span 644147–644157
51Caesars Entertainment, Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-174058CEO total compensation as printed in Caesars Entertainment, Inc.'s own proxy. As printed: 17,199,029. Filing ↗machine: r3 · c23 · span 649787–649797
52Realty Income Corporation, Section 10b CEO totalDEF 14A2026-03-250000726728-26-000021CEO total compensation as printed in Realty Income Corporation's own proxy. As printed: 16,251,931. Filing ↗machine: r3 · c18 · span 1118130–1118140
53Wynn Resorts, Limited, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124077CEO total compensation as printed in Wynn Resorts, Limited's own proxy. As printed: 15,090,901. Filing ↗machine: r4 · c29 · span 740637–740647
54Extra Space Storage Inc., Section 10b CEO totalDEF 14A2026-04-010001289490-26-000027CEO total compensation as printed in Extra Space Storage Inc.'s own proxy. As printed: 14,186,887. Filing ↗machine: r2 · c21 · span 521873–521883
55Gaming 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 ↗
56VICI Properties Inc. (subject), Section 10b CEO totalDEF 14A2026-03-160001104659-26-028592CEO total compensation as printed in VICI Properties Inc.'s own proxy. As printed: 14,007,585. Filing ↗machine: r1 · c42 · span 1794196–1794206
57Equity Residential, Section 10b CEO totalDEF 14A2026-04-140001193125-26-155007CEO total compensation as printed in Equity Residential's own proxy. As printed: 12,759,187. Filing ↗machine: t125 · r5 · c25 · span 1751090–1751100
58Simon Property Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038320CEO total compensation as printed in Simon Property Group, Inc.'s own proxy. As printed: 11,663,678. Filing ↗machine: t240 · r4 · c17 · span 1804893–1804903
59SBA Communications Corp., Section 10b CEO totalDEF 14A2026-04-090001193125-26-149656CEO total compensation as printed in SBA Communications Corp.'s own proxy. As printed: 11,358,715. Filing ↗machine: r3 · c23 · span 1023490–1023500
60W.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
61Healthpeak Properties, Inc., Section 10b CEO totalDEF 14A2026-03-120001104659-26-027086CEO total compensation as printed in Healthpeak Properties, Inc.'s own proxy. As printed: 10,072,994. Filing ↗machine: t197 · r7 · c18 · span 1414974–1414984
62Public Storage, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128991CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. Filing ↗machine: t75 · r4 · c29 · span 2764941–2764950
63AvalonBay Communities, Inc., Section 10b CEO totalDEF 14A2026-04-060001104659-26-039943CEO total compensation as printed in AvalonBay Communities, Inc.'s own proxy. As printed: 9,663,500. Filing ↗machine: t263 · r9 · c18 · span 1661086–1661095
64Alexandria Real Estate Equities, Inc., Section 10b CEO totalDEF 14A2026-04-010001035443-26-000031CEO total compensation as printed in Alexandria Real Estate Equities, Inc.'s own proxy. As printed: 8,844,053. Filing ↗machine: r6 · c19 · span 3171042–3171051
65Section 10a, Digital Realty Trust, Inc. reciprocityDEF 14A0001308179-26-000296Digital Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
66Section 10a, Wynn Resorts, Limited reciprocityDEF 14A0001193125-26-124077Wynn Resorts, Limited's most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
67Section 10a, W.P. Carey Inc. reciprocityDEF 14A0001025378-26-000063W.P. Carey Inc. names VICI Properties Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Gaming and Leisure Properties, Inc. reciprocityDEF 14A0001193125-26-177324Gaming and Leisure Properties, Inc. names VICI Properties Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Caesars Entertainment, Inc. reciprocityDEF 14A0001193125-26-174058Caesars Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
70Section 10a, SBA Communications Corp. reciprocityDEF 14A0001193125-26-149656SBA Communications Corp.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
71Section 10a, Healthpeak Properties, Inc. reciprocityDEF 14A0001104659-26-027086Healthpeak Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
72Section 10a, Welltower, Inc. reciprocityDEF 14A0000766704-26-000014Welltower, Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
73Section 10a, Extra Space Storage Inc. reciprocityDEF 14A0001289490-26-000027Extra Space Storage Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
74Section 10a, Public Storage reciprocityDEF 14A0001193125-26-128991Public Storage's most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
75Section 10a, Alexandria Real Estate Equities, Inc. reciprocityDEF 14A0001035443-26-000031Alexandria Real Estate Equities, Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
76Section 10a, Equity Residential reciprocityDEF 14A0001193125-26-155007Equity Residential's most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
77Section 10a, MGM Resorts International reciprocityDEF 14A0001193125-26-129074MGM Resorts International's most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
78Section 10a, Realty Income Corporation reciprocityDEF 14A0000726728-26-000021Realty Income Corporation's most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗
79Section 10a, Equinix, Inc. reciprocityDEF 14A0001101239-26-000073Equinix, Inc.'s most recent proxy was read; its disclosed peer group does not include VICI Properties Inc.. Filing ↗