Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-18

Vornado Realty Trust (VNO)

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.

$3,135,628
Steven Roth total, FY2025
8th
CEO pay percentile vs peers
37.1:1
CEO-to-median pay ratio
96.55%
Say-on-pay support, latest vote
Companies that benchmark against VNO
14 companies name VNO as a compensation peer

Each company listed discloses VNO 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 VNO 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
Steven Roth$1,000,000$0$0$0$1,760,067$0$375,561$3,135,628
Chairman and Chief Executive Officer
Glen Weiss1,000,0001,750,000000360,5963,110,596
Executive Vice President—Office Leasing, Co-Head of Real Estate
Michael Franco1,000,0001,753,35600048,6262,801,982
President and Chief Financial Officer
Barry Langer1,000,0001,750,00000025,8942,775,894
Executive Vice President—Development, Co-Head of Real Estate
Haim Chera1,000,0001,500,000000182,8842,682,884
Executive Vice President—Head of Retail Leasing

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
Steven Roth$3,135,628$2,856,837$26,843,514+278,791
Glen Weiss3,110,5962,848,94714,808,905+261,649
Michael Franco2,801,9822,548,18717,240,211+253,795
Barry Langer2,775,8942,525,51914,207,726+250,375
Haim Chera2,682,8842,999,2449,437,137−316,360

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
Haim CheraEVP - HEAD OF RETAIL2026-05-06D100,000Derivative, Class A CommonForm 4 ↗
Haim CheraEVP - HEAD OF RETAIL2026-05-06A100,00000CommonForm 4 ↗
Steven RothDirector2026-05-18D26,42800CommonForm 4 ↗
Russell B. Wight, JrDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Mandakini PuriDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
William W. Helman IVDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Daniel R. TischDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Michael D. FascitelliDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Beatrice Hamza BasseyDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Candace K. BeineckeDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Raymond J. McGuireDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
David M. MandelbaumDirector2026-05-21A7,168Derivative, Class A CommonForm 4 ↗
Russell B. Wight, JrDirector2026-06-08A1,0001817,690Common, indirectForm 4 ↗
Russell B. Wight, JrDirector2026-06-08A1,0001515,001Common, indirectForm 4 ↗
Russell B. Wight, JrDirector2026-06-08A1,0001717,437Common, indirectForm 4 ↗
Russell B. Wight, JrDirector2026-06-08A1,0001817,625Common, indirectForm 4 ↗
Michael D. FascitelliDirector2026-06-17D8,00037298,720Common, open-market saleForm 4 ↗
Michael D. FascitelliDirector2026-06-17D125,350374,584,050Common, open-market saleForm 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
Haim CheraPSU1,85461,701181,809$421,358
Barry LangerPSU4,630154,086457,4671,283,443
Steven RothPSU19,498648,8932,111,4165,785,595
Glen WeissPSU5,332177,4493,050,591527,854
Michael FrancoPSU5,782192,425568,9221,435,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Haim Chera$0$421,358$0100.0%
Barry Langer01,283,4430100.0%
Steven Roth05,785,5950100.0%
Glen Weiss0527,8540100.0%
Michael Franco01,435,0000100.0%

% 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
Barry LangerOption1,517,29516.68
Barry LangerPSU38,5651,283,443
Glen WeissPSU38,5651,283,443
Haim CheraRSU166,6675,546,678
Glen WeissRSU26,220872,602
Glen WeissPSU15,861527,854
Haim CheraPSU12,661421,358
Michael FrancoRSU5,782192,425
Haim CheraPSU5,463181,809
Michael FrancoPSU43,1191,435,000
Michael FrancoRSU28,293941,591
Haim CheraPSU31,5721,050,704
Barry LangerRSU4,630154,086
Haim CheraRSU1,85461,701
Barry LangerPSU79,5062,645,961
Barry LangerRSU250,0008,320,000
Michael FrancoPSU17,095568,922
Barry LangerRSU22,741756,820
Barry LangerPSU13,746457,467
Glen WeissOption1,517,29516.68
Steven RothRSU437,50014,560,000
Glen WeissRSU5,332177,449
Steven RothRSU19,498648,893
Michael FrancoOption1,972,48316.68
Haim CheraOption1,011,53016.68
Michael FrancoRSU325,00010,816,000
Glen WeissRSU250,0008,320,000
Steven RothPSU326,40310,862,693
Steven RothPSU173,8465,785,595
Glen WeissPSU91,6643,050,591
Steven RothRSU90,6973,018,396
Michael FrancoPSU98,9123,291,775
Steven RothPSU63,4442,111,416
Haim CheraRSU9,030300,518
Steven RothOption2,655,26516.68
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is based on a pay-for-performance philosophy and is designed to incentivize executives to achieve financial and strategic goals that are aligned with the Company's long-term business strategy and the creation of sustained, long-term value for our shareholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFTI Consulting, Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-21162,217,5035,799,2401,505,43596.55%Passed
20252025-05-22155,678,95014,576,5361,137,39491.44%Passed
20242024-05-2391,749,88469,500,035464,91556.9%Passed
20232023-05-18118,710,05534,997,233164,15077.23%Passed
20222022-05-19107,647,12044,867,092607,47270.58%Passed
20212021-05-20121,892,95336,651,928726,99076.88%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
20262026-05-2196.55%a
20252025-05-2291.44%b
20242024-05-2356.9%c

a. Approved under the standard stated in the filing — “A "withhold" vote or an abstention, as applicable, and broker non-votes will count for the purposes of determining a quorum but will not be counted as votes cast and will have no effect on the result of this vote.”.

b. Approved under the standard stated in the filing — “A "withhold" vote or an abstention, as applicable, and broker non-votes will count for the purposes of determining a quorum but will not be counted as votes cast and will have no effect on the result of this vote.”.

c. Approved under the standard stated in the filing — “A "withhold" vote or an abstention, as applicable, and broker non-votes will count for the purposes of determining a quorum but will not be counted as votes cast and will have no effect on the result of this vote.”.

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)37.1 : 1
CEO total compensation$3,135,628
Median employee compensation$84,442
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael D. FascitelliIndependent$75,000$171,466$0$0$217,034$463,500
Candace K. BeineckeIndependent · Lead Independent Director · Corporate Governance and Nominating (Chair) · Executive180,000171,466000351,466
Daniel R. TischIndependent · Audit · Compensation (Chair)130,000171,466000301,466
Mandakini PuriIndependent · Audit (Chair) · Corporate Governance and Nominating130,000171,466000301,466
Beatrice Hamza BasseyIndependent · Audit · Compensation105,000171,466000276,466
William W. Helman IVIndependent · Corporate Governance and Nominating · Compensation85,000171,466000256,466
Raymond J. McGuireIndependent · Compensation80,000171,466000251,466
Russell B. Wight, JrIndependent · Executive75,000171,466000246,466
David M. MandelbaumIndependent75,000171,466000246,466
Steven RothEmployee director · Board Chair · Executive (Chair)00000
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$175,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 45,000 / 15,000
Stock ownership guideline$375,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$935,000
Equity awards (grant-date value)$1,543,194
All other compensation$217,034
Total cost of the board$2,695,228

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 Vornado Realty Trust 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 Vornado Realty Trust.

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
1BXP, Inc.2025Owen Thomas$950,000$19,317,943$0$2,758,900$23,047,305
2SL Green Realty Corp.2025Marc Holliday1,400,00014,271,65601,639,39017,356,826
3Kennedy-Wilson Holdings, Inc.2024William McMorrow1,500,0008,734,19603,735,00015,842,528
4Host Hotels & Resorts, Inc.2025James Risoleo1,100,0009,569,88003,697,10014,835,223
5Omega Healthcare Investors, Inc.2025C. Taylor Pickett967,00011,248,49801,297,59314,020,475
6Kimco Realty Corporation2025Conor Flynn1,000,0007,080,40103,398,40011,581,750
7W.P. Carey Inc.2025Jason Fox1,000,0007,986,68601,770,00010,786,686
8Healthpeak Properties, Inc.2025Scott Brinker825,0007,208,68801,986,15610,072,994
9Douglas Emmett, Inc.2025Jordan Kaplan800,0008,170,000009,012,069
10Kilroy Realty Corporation2025Angela Aman820,0004,433,57701,801,8507,072,527
11JBG SMITH Properties2025W. Matthew Kelly750,0003,499,99401,260,0005,521,861
12Brixmor Property Group Inc.2025Brian T. Finnegan650,0001,777,1340830,9443,735,474
13Vornado Realty Trust2025Steven Roth1,000,000001,760,0673,135,628
14Hudson Pacific Properties, Inc.2025Victor Coleman1,000,000356,326002,766,883

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
Vornado Realty Trust168%PSU 100Yes — Relative TSR vs LTPP Peer GroupFTI Consulting, Inc.
Brixmor Property Group Inc.111%PSU 60 · RSU 40YesPay Governance
BXP, Inc.117.4%PSU 55 · RSU 45Yes — Relative TSR with aTSR ModifierFW Cook
Douglas Emmett, Inc.not disclosedLTIP Units 100not disclosedFTI Consulting, Inc.
Healthpeak Properties, Inc.127%PSU 60 · RSU 40Yes — 3-Year Relative TSR PerformanceFerguson Partners Consulting
Host Hotels & Resorts, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSRPay Governance
Hudson Pacific Properties, Inc.140%LTIP Units 50 · PSU 50Yes — Relative TSR vs. Nareit Office IndexFerguson Partners Consulting
JBG SMITH Properties168%not disclosedNoFerguson Partners Consulting
Kennedy-Wilson Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Kilroy Realty Corporation125.6%PSU 75 · RSU 25Yes — TSR Percentile RankingKorn Ferry
Kimco Realty Corporation189%PSU 67 · RSU 33Yes — Total Stockholder Return (TSR)Pay Governance LLC
Omega Healthcare Investors, Inc.149.0%PSU 60 · RSU 40Yes — Relative TSR vs. FTSE Nareit Equity Health Care IndexFerguson Partners Consulting L.P.
SL Green Realty Corp.not disclosedPSU 67 · RSU 33Yes — Office REIT Peers TSRFerguson Partners
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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Vornado Realty Trust in fiscal 2025?
Steven Roth was the highest-paid executive at Vornado Realty Trust in fiscal 2025, with total compensation of $3,135,628.
How does Vornado Realty Trust's chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay percentile among disclosed peers was 8th.
What is Vornado Realty Trust's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 37.1:1.
How did shareholders vote on Vornado Realty Trust's executive compensation?
Shareholders approved the executive compensation plan with 96.55% support in the latest vote.
How much does Vornado Realty Trust spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $2,695,228.

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, Steven RothDEF 14A2026-04-070001104659-26-040386Section “2025 Summary Compensation Table” · page 47. As printed: 3,135,628. Filing ↗machine: t140 · r1 · c54 · span 1243172–1243181
2Section 01, Glen WeissDEF 14A2026-04-070001104659-26-040386Section “2025 Summary Compensation Table” · page 47. As printed: 3,110,596. Filing ↗machine: r13 · c54 · span 1315886–1315895
3Section 01, Michael FrancoDEF 14A2026-04-070001104659-26-040386Section “2025 Summary Compensation Table” · page 47. As printed: 2,801,982. Filing ↗machine: r4 · c54 · span 1261399–1261408
4Section 01, Barry LangerDEF 14A2026-04-070001104659-26-040386Section “2025 Summary Compensation Table” · page 47. As printed: 2,775,894. Filing ↗machine: r10 · c54 · span 1297688–1297697
5Section 01, Haim CheraDEF 14A2026-04-070001104659-26-040386Section “2025 Summary Compensation Table” · page 47. As printed: 2,682,884. Filing ↗machine: r7 · c54 · span 1279522–1279531
6Section 03, Haim Chera PSUDEF 14A2026-04-070001104659-26-040386Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r15 · c44 · span 1538695–1538702
7Section 03, Barry Langer PSUDEF 14A2026-04-070001104659-26-040386Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r20 · c44 · span 1562107–1562116
8Section 03, Steven Roth PSUDEF 14A2026-04-070001104659-26-040386Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r5 · c44 · span 1491776–1491785
9Section 03, Glen Weiss PSUDEF 14A2026-04-070001104659-26-040386Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r24 · c44 · span 1579657–1579664
10Section 03, Michael Franco PSUDEF 14A2026-04-070001104659-26-040386Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t148 · r10 · c44 · span 1515264–1515273
11Section 07, pay ratioDEF 14A2026-04-070001104659-26-040386Section “CEO Pay Ratio”. As printed: 37.1 : 1. Filing ↗machine: t188 · r0 · c6 · span 2073330–2073336
12Section 08, Michael D. FascitelliDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 463,500. Filing ↗machine: t191 · r2 · c23 · span 2092430–2092437
13Section 08, Candace K. BeineckeDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 351,466. Filing ↗machine: t191 · r1 · c23 · span 2089761–2089768
14Section 08, Daniel R. TischDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 301,466. Filing ↗machine: t191 · r7 · c23 · span 2105207–2105214
15Section 08, Mandakini PuriDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 301,466. Filing ↗machine: t191 · r6 · c23 · span 2102644–2102651
16Section 08, Beatrice Hamza BasseyDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 276,466. Filing ↗machine: t191 · r3 · c23 · span 2094999–2095006
17Section 08, William W. Helman IVDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 256,466. Filing ↗machine: t191 · r4 · c23 · span 2097541–2097548
18Section 08, Raymond J. McGuireDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 251,466. Filing ↗machine: t191 · r8 · c23 · span 2107747–2107754
19Section 08, Russell B. Wight, JrDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 246,466. Filing ↗machine: t191 · r9 · c23 · span 2111092–2111099
20Section 08, David M. MandelbaumDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 246,466. Filing ↗machine: t191 · r5 · c23 · span 2100107–2100114
21Section 08, Steven RothDEF 14A2026-04-070001104659-26-040386Section “Director Compensation”. As printed: 0. Filing ↗
22Section 02, Haim Chera 2026-05-06Form 42026-05-080001774826-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Haim Chera 2026-05-06Form 42026-05-080001774826-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Steven Roth 2026-05-18Form 42026-05-200000904503-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Russell B. Wight, Jr 2026-05-21Form 42026-05-220001246492-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Mandakini Puri 2026-05-21Form 42026-05-220001407197-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, William W. Helman IV 2026-05-21Form 42026-05-220001339232-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Daniel R. Tisch 2026-05-21Form 42026-05-220001111794-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Michael D. Fascitelli 2026-05-21Form 42026-05-220001203691-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Beatrice Hamza Bassey 2026-05-21Form 42026-05-220001809005-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Candace K. Beinecke 2026-05-21Form 42026-05-220001413999-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Raymond J. McGuire 2026-05-21Form 42026-05-220001377736-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, David M. Mandelbaum 2026-05-21Form 42026-05-220001246483-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Russell B. Wight, Jr 2026-06-08Form 42026-06-100001246492-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Russell B. Wight, Jr 2026-06-08Form 42026-06-100001246492-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Russell B. Wight, Jr 2026-06-08Form 42026-06-100001246492-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Russell B. Wight, Jr 2026-06-08Form 42026-06-100001246492-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Michael D. Fascitelli 2026-06-17Form 42026-06-180001203691-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Michael D. Fascitelli 2026-06-17Form 42026-06-180001203691-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-05-220000899689-26-000039Item 5.07 · say-on-pay result. As reported: 96.55% (votes for as printed: 162,217,503). Filing ↗
41Section 06, 2025 voteForm 8-K2025-05-220000899689-25-000024Item 5.07 · say-on-pay result. As reported: 91.44% (votes for as printed: 155,678,950). Filing ↗
42Section 06, 2024 voteForm 8-K2024-05-230000899689-24-000028Item 5.07 · say-on-pay result. As reported: 56.9% (votes for as printed: 91,749,884). 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 935,000 + equity 1,543,194 + all other 217,034 = 2,695,228, summed across the director compensation table rows.machine: formula: Σ = 2,695,228
46BXP, Inc., Section 10b CEO totalDEF 14A2026-04-100001037540-26-000010CEO total compensation as printed in BXP, Inc.'s own proxy. As printed: 23,047,305. Filing ↗machine: span 1785714–1785724
47SL Green Realty Corp., Section 10b CEO totalDEF 14A2026-04-220001104659-26-046866CEO total compensation as printed in SL Green Realty Corp.'s own proxy. As printed: 17,356,826. Filing ↗machine: span 1592570–1592580
48Kennedy-Wilson Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-250000950170-25-058797CEO total compensation as printed in Kennedy-Wilson Holdings, Inc.'s own proxy. As printed: 15,842,528. Filing ↗machine: span 1349719–1349729
49Host Hotels & Resorts, Inc., Section 10b CEO totalDEF 14A2026-04-080001070750-26-000062CEO total compensation as printed in Host Hotels & Resorts, Inc.'s own proxy. As printed: 14,835,223. Filing ↗machine: r6 · c10 · span 2451418–2451428
50Omega 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
51Kimco Realty Corporation, Section 10b CEO totalDEF 14A2026-04-080001206774-26-000197CEO total compensation as printed in Kimco Realty Corporation's own proxy. As printed: 11,581,750. Filing ↗machine: t133 · r4 · c7 · span 542175–542185
52W.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
53Healthpeak 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
54Douglas 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
55Kilroy Realty Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149727CEO total compensation as printed in Kilroy Realty Corporation's own proxy. As printed: 7,072,527. Filing ↗machine: r4 · c27 · span 996331–996340
56JBG SMITH Properties, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030932CEO total compensation as printed in JBG SMITH Properties's own proxy. As printed: 5,521,861. Filing ↗machine: t286 · r3 · c17 · span 1302909–1302918
57Brixmor Property Group Inc., Section 10b CEO totalDEF 14A2026-03-110001104659-26-026381CEO total compensation as printed in Brixmor Property Group Inc.'s own proxy. As printed: 3,735,474. Filing ↗machine: r4 · c27 · span 957466–957475
58Vornado Realty Trust (subject), Section 10b CEO totalDEF 14A2026-04-070001104659-26-040386CEO total compensation as printed in Vornado Realty Trust's own proxy. As printed: 3,135,628. Filing ↗machine: t140 · r1 · c54 · span 1243172–1243181
59Hudson Pacific Properties, Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047885CEO total compensation as printed in Hudson Pacific Properties, Inc.'s own proxy. As printed: 2,766,883. Filing ↗machine: t204 · r7 · c14 · span 1248681–1248690
60Section 10a, Healthpeak Properties, Inc. reciprocityDEF 14A0001104659-26-027086Healthpeak Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Vornado Realty Trust. Filing ↗
61Section 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 Vornado Realty Trust. Filing ↗
62Section 10a, JBG SMITH Properties reciprocityDEF 14A0001104659-26-030932JBG SMITH Properties's most recent proxy was read; its disclosed peer group does not include Vornado Realty Trust. Filing ↗
63Section 10a, SL Green Realty Corp. reciprocityDEF 14A0001104659-26-046866SL Green Realty Corp. names Vornado Realty Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Brixmor Property Group Inc. reciprocityDEF 14A0001104659-26-026381Brixmor Property Group Inc.'s most recent proxy was read; its disclosed peer group does not include Vornado Realty Trust. Filing ↗
65Section 10a, Douglas Emmett, Inc. reciprocityDEF 14A0001364250-26-000020Douglas Emmett, Inc. names Vornado Realty Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, Hudson Pacific Properties, Inc. reciprocityDEF 14A0001104659-26-047885Hudson Pacific Properties, Inc. names Vornado Realty Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 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 Vornado Realty Trust. Filing ↗
68Section 10a, Kilroy Realty Corporation reciprocityDEF 14A0001193125-26-149727Kilroy Realty Corporation names Vornado Realty Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Kennedy-Wilson Holdings, Inc. reciprocityDEF 14A0000950170-25-058797Kennedy-Wilson Holdings, Inc. names Vornado Realty Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, BXP, Inc. reciprocityDEF 14A0001037540-26-000010BXP, Inc. names Vornado Realty Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗