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Equity Residential Executive Compensation (FY25)

EQR · Executive and director compensation, fiscal 2023 to 2025
Chief executive, fiscal 2025
◇
Mark Parrell
Median of the other named officers
$4,669,428
5 officers, excluding the chief executive
Chief executive pay ratio
◇
To the median employee
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Data as of October 9, 2026Latest filing (DEF 14A): April 14, 2026
2 filings cited on this page
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160 figures on this page, cited to the filing that reported them. See the citations
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 — Mark Parrell: $11,359,954 → $12,759,187 (12.3% higher)
CEO pay ratio: 159:1 → 165:1 (3.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Equity Residential's chief executive and what were they paid?
Total compensation for Mark Parrell, President & Chief Executive Officer, came to $12,759,187 in fiscal 2025. Parrell's total moved 12.3% higher from the $11,359,954 reported for fiscal 2024.
Which companies are in Equity Residential's peer group?
Companies named in the disclosed peer group include AvalonBay Communities, Inc., BXP, Inc., Camden Property Trust, Digital Realty Trust, Inc. and Equinix, Inc., among others.
What is Equity Residential's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 165:1, against median employee compensation of $77,311.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Parrell
President & Chief Executive Officer
◇—◇◇◇—◇◇
Michael Manelis
Executive Vice President & Chief Operating Officer
◇—◇◇◇—◇◇
Robert Garechana
Executive Vice President & Chief Investment Officer
◇—◇◇◇—◇◇
Alexander Brackenridge
Executive Vice President - Investments
◇—◇—◇—◇◇
Scott Fenster
Executive Vice President & General Counsel
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Parrell
President & Chief Executive Officer
◇—◇◇◇—◇◇
Michael Manelis
Executive Vice President & Chief Operating Officer
◇—◇◇◇—◇◇
Robert Garechana
Executive Vice President & Chief Investment Officer
◇—◇◇◇—◇◇
Alexander Brackenridge
Executive Vice President - Investments
◇—◇—◇—◇◇
Scott Fenster
Executive Vice President & General Counsel
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Parrell
President & Chief Executive Officer
◇—◇◇◇—◇◇
Michael Manelis
Executive Vice President & Chief Operating Officer
◇—◇—◇—◇◇
Robert Garechana
Executive Vice President & Chief Investment Officer
◇—◇◇◇—◇◇
Alexander Brackenridge
Executive Vice President - Investments
◇—◇—◇—◇◇
Scott Fenster
Executive Vice President & General Counsel
◇—◇—◇—◇◇
Bret McLeod
Executive Vice President & Chief Financial Officer
◇—◇—◇—◇◇
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.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
R. GarechanaOption◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
RSU◇◇——
S. FensterOption◇—◇—
RSU◇◇——
Option◇—◇—
PSU◇◇——
M. ParrellOption◇—◇—
RSU◇◇——
Option◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
M. ManelisRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
A. BrackenridgeRSU◇◇——
PSU◇◇——
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.
Mark Parrell
President & Chief Executive Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Michael Manelis
Executive Vice President & Chief Operating Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Robert Garechana
Executive Vice President & Chief Investment Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Scott Fenster
Executive Vice President & General Counsel · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Equity is delivered as Share Awards and Option Awards.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AvalonBay Communities, Inc. AVB
  • BXP, Inc. BXP
  • Camden Property Trust CPT
  • Digital Realty Trust, Inc. DLR
  • Equinix, Inc. EQIX
  • Essex Property Trust, Inc. ESS
  • Extra Space Storage Inc. EXR
  • Invitation Homes Inc. INVH
  • Mid-America Apartment Communities, Inc. MAA
  • Prologis, Inc. PLD
  • Public Storage PSA
  • Simon Property Group, Inc. SPG
  • Sun Communities, Inc. SUI
  • UDR, Inc. UDR
  • Ventas, Inc. VTR
  • Welltower Inc. WELL

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Mark Parrell (President & Chief Executive Officer), FY2025 total compensation $12,759,187 (base salary $900,000) [exec_comp, SEC accession 0001193125-26-155007, filed 2026-04-14]

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What this page does not include

Everything above is a fact Equity Residential disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Equity Residential sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
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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.
160 figures on this page, cited to the filing that reported them.
160 cited to the filing

Documents cited

  1. 0001193125-26-155007
    CEO Pay Ratio · Outstanding Equity Awards at December 31 · Summary Compensation Table · TRUSTEE COMPENSATION
  2. 0001193125-24-281281
    Exhibit
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Equity Residential executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/EQR (accessed 2026).
Short form: data: Velarion

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2 filings cited on this page
Method: intel.velarion.ai/methodology
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Real Estate rankings

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

Peers Equity Residential discloses

The companies named in EQR's own disclosed peer group.

AvalonBay Communities, Inc.BXP, Inc.Camden Property TrustDigital Realty Trust, Inc.Equinix, Inc.Essex Property Trust, Inc.Extra Space Storage Inc.Invitation Homes Inc.Mid-America Apartment Communities, Inc.Prologis, Inc.Public StorageSimon Property Group, Inc.Sun Communities, Inc.UDR, Inc.Ventas, Inc.Welltower Inc.

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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