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Independence Realty Trust Executive Compensation (FY25)

IRT · Dallas, TX · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 13, 2026
227 figures on this page: 220 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Total compensation for Scott Schaeffer, Chairman of the Board and Chief Executive Officer, came to $5,266,937 in fiscal 2025, and Schaeffer's total was 4.6% higher than the $5,034,440 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 80:1, against median employee compensation of $65,620. Shareholders supported the say-on-pay proposal with 97.7% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025. Companies named in the disclosed peer group include American Assets Trust, American Homes 4 Rent, Camden Property Trust, Easterly Government Properties and Elme Communities, among others.
Chief executive, fiscal 2025
◇
Scott Schaeffer
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
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 — Scott Schaeffer: $5,034,440 → $5,266,937 (4.6% higher)
Say-on-pay support: 97.6% → 97.7% (0.1 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Independence Realty Trust's chief executive and what were they paid?
Total compensation for Scott Schaeffer, Chairman of the Board and Chief Executive Officer, came to $5,266,937 in fiscal 2025. Schaeffer's total was 4.6% higher than the $5,034,440 reported for fiscal 2024.
What was Independence Realty Trust's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.7% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in Independence Realty Trust's peer group?
Companies named in the disclosed peer group include American Assets Trust, American Homes 4 Rent, Camden Property Trust, Easterly Government Properties and Elme Communities, among others.
What is Independence Realty Trust's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 80:1, against median employee compensation of $65,620.

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
Scott Schaeffer
Chairman of the Board and Chief Executive Officer
◇◇◇—◇—◇◇
James Sebra
Chief Financial Officer and Treasurer
◇◇◇—◇—◇◇
Farrell Ender
President
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Schaeffer
Chairman of the Board and Chief Executive Officer
◇◇◇—◇—◇◇
Farrell Ender
President
◇◇◇—◇—◇◇
James Sebra
Chief Financial Officer and Treasurer
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Schaeffer
Chief Executive Officer)
◇◇◇—◇—◇◇
James Sebra
President and Chief Financial Officer)
◇◇◇—◇—◇◇
Michele Weisbaum
General Counsel)
◇◇◇—◇—◇◇
Jason Delozier
Chief Accounting Officer)
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Schaeffer
Chairman of the Board and Chief Executive Officer
◇◇◇—◇—◇◇
James Sebra
President, Chief Financial Officer and Treasurer
◇◇◇—◇—◇◇
Michele Weisbaum
General Counsel, Executive Vice President and Secretary
◇◇◇—◇—◇◇
Jason Delozier
Chief Accounting 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.

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
James J. SebraRSU◇——◇——◇
James J. SebraPSU◇◇◇—◇—◇
Jason R. DelozierRSU◇——◇——◇
Jason R. DelozierPSU◇◇◇—◇—◇
Michele WeisbaumRSU◇——◇——◇
Michele WeisbaumPSU◇◇◇—◇—◇
Scott F. SchaefferPSU◇◇◇—◇—◇
Scott F. SchaefferRSU◇——◇——◇
Fiscal 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
Michele WeisbaumRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Scott SchaefferRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jason DelozierRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
James SebraRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ned W. Brines
◇◇————◇
DeForest B. Soaries, Jr
Lead independent director
◇◇————◇
Richard D. Gebert
◇◇————◇
Melinda H. McClure
◇◇————◇
Lisa Washington
◇◇————◇
Craig Macnab
◇◇————◇
Ana Marie del Rio
◇◇————◇
Scott F. Schaeffer and James J. Sebra 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.
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • American Assets Trust AAT
  • American Homes 4 Rent AMH
  • Camden Property Trust CPT
  • Easterly Government Properties DEA
  • Elme Communities ELME
  • Equity Lifestyle Properties ELS
  • Rexford Industrial Realty REXR
  • STAG Industrial, Inc. STAG
  • Terreno Realty Corporation TRNO
  • UDR, Inc. UDR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2019May 13, 2020=◇◇◇
2016May 16, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Independence Realty Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Independence Realty Trust 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.
Executive Compensation Report — $1,500
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.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
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.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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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.
227 figures on this page: 220 cited to the filing that reported them, 7 calculated from figures it prints.
220 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001437749-26-016730
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001437749-26-009071
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards in 2025 · Outstanding Equity Awards at 2025 Fiscal Year-End · and 1 more section
  3. 0001437749-25-016852
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001466085-25-000037
    Summary Compensation Table
  5. 0001466085-24-000060
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001466085-24-000043
    Summary Compensation Table
  7. 0001466085-23-000070
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001466085-23-000058
    Summary Compensation Table
  9. 0001466085-22-000032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-20-025093
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001564590-17-011357
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Velarion, “Independence Realty Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/IRT (accessed 2026).
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Real Estate rankings

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

Peers Independence Realty Trust discloses

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

American Assets TrustAmerican Homes 4 RentCamden Property TrustEasterly Government PropertiesElme CommunitiesEquity Lifestyle PropertiesRexford Industrial RealtySTAG Industrial, Inc.UDR, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy