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Apollo Commercial Real Estate Finance Executive Compensation (FY25)

ARI · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Stuart Rothstein
Latest say-on-pay support
=
July 9, 2026
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Data as of October 22, 2026Latest filing (8-K): July 13, 2026
16 filings cited on this page
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Apollo Commercial Real Estate Finance brief$1,500Get the executive brief
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113 figures on this page: 102 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Stuart Rothstein: $743,724 → $1,085,764 (46.0% higher)
Say-on-pay support: 94.8% → 96.8% (2.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Apollo Commercial Real Estate Finance's chief executive and what were they paid?
Total compensation for Stuart Rothstein, President and Chief Executive Officer, came to $1,085,764 in fiscal 2025. Compared with the $743,724 reported for fiscal 2024, Rothstein's total was 46.0% higher.
What was Apollo Commercial Real Estate Finance's say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.8% of votes cast for or against in favor at the meeting held July 9, 2026 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stuart Rothstein
President and Chief Executive Officer
——◇————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stuart Rothstein
President and Chief Executive Officer
——◇————◇
Anastasia Mironova
Chief Financial Officer, Treasurer and Secretary
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stuart Rothstein
President and Chief Executive Officer
——◇————◇
Anastasia Mironova
Chief Financial Officer, Treasurer and Secretary
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stuart Rothstein
President and Chief Executive Officer
——◇————◇
Anastasia Mironova
Chief Financial Officer, Treasurer and Secretary
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anastasia MironovaRSU◇——◇——◇
Stuart A. RothsteinRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Stuart RothsteinRSU◇◇——
Anastasia MironovaRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Anastasia Mironova
Chief Financial Officer, Treasurer and Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Stuart Rothstein
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael E. Salvati
◇◇————◇
Mark C. Biderman
◇◇————◇
Scott S. Prince
◇◇————◇
Brenna Haysom
◇◇————◇
Pamela G. Carlton
◇◇————◇
Robert A. Kasdin
◇◇————◇
Carmencita N.M. Whonder
◇◇————◇
Stuart A. Rothstein and Katherine G. Newman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Common Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025July 9, 2026=◇◇◇
2024June 10, 2025=◇◇◇
2023June 7, 2024=◇◇◇
2022June 6, 2023=◇◇◇
2021June 7, 2022=◇◇◇
2020June 8, 2021=◇◇◇
2019June 2, 2020=◇◇◇
2018June 12, 2019=◇◇◇
2017June 7, 2018=◇◇◇
2016May 11, 2017=◇◇◇
2015May 12, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Stuart Rothstein (President and Chief Executive Officer), FY2025 total compensation $1,085,764 (base salary $0) [exec_comp, SEC accession 0001193125-26-248362, filed 2026-05-29]

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What this page does not include

Everything above is a fact Apollo Commercial Real Estate Finance disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
113 figures on this page: 102 cited to the filing that reported them, 11 calculated from figures it prints.
102 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-301072
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-248362
    COMPENSATION OF DIRECTORS · Grants of Plan Based Awards for 2025 · Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table for 2025
  3. 0000950170-25-084923
  4. 0001193125-25-104054
    Compensation Discussion and Analysis · Summary Compensation Table for 2024
  5. 0001193125-24-159956
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-118094
    Summary Compensation Table
  7. 0001193125-23-163532
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-118665
    Summary Compensation Table
  9. 0001193125-22-172925
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-190058
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-20-162224
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-174709
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-19-125478
  14. 0001193125-18-191652
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-17-170749
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001193125-16-593303
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Apollo Commercial Real Estate Finance executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ARI (accessed 2026).
Short form: data: Velarion

The Apollo Commercial Real Estate Finance brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
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16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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