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St Joe Executive Compensation (FY25)

JOE · Panama City Beach, FL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jorge Gonzalez
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 14, 2026
16 filings cited on this page
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194 figures on this page: 183 cited to the filing that reported them, 11 calculated from figures it prints. 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 — Jorge Gonzalez: $1,746,456 → $1,857,798 (6.4% higher)
Say-on-pay support: 97.6% → 98.0% (0.4 points higher)
CEO pay ratio: 41:1 → 45:1 (9.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is St Joe's chief executive and what were they paid?
Jorge Gonzalez was paid $1,857,798 in total compensation as President, Chief Executive Officer and Chairman of the Board for fiscal 2025. Gonzalez's total was 6.4% higher than the $1,746,456 reported for fiscal 2024.
What was St Joe's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.0% of votes cast for or against in favor at the meeting held May 12, 2026.
What is St Joe's chief executive pay ratio?
The company reported a chief executive pay ratio of 45:1 for fiscal 2025, against median employee compensation of $41,022.

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
Jorge Gonzalez
President Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Marek Bakun
EVP and Chief Financial Officer
◇◇◇———◇◇
Elizabeth Walters
SVP Chief Legal Officer and Corporate Secretary
◇◇◇———◇◇
Rhea Goff
SVP and Chief Administrative Officer
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jorge Gonzalez
President Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Marek Bakun
EVP and Chief Financial Officer
◇◇◇———◇◇
Elizabeth Walters
SVP Chief Legal Officer and Corporate Secretary
◇◇◇———◇◇
Rhea Goff
SVP and Chief Administrative Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jorge Gonzalez
President Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Marek Bakun
EVP and Chief Financial Officer
◇◇◇———◇◇
Elizabeth Walters
SVP Chief Legal Officer and Corporate Secretary
◇◇◇———◇◇
Rhea Goff
SVP and Chief Administrative Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jorge Gonzalez
President, Chief Executive Officer and Chairman of the Board
◇◇◇———◇◇
Marek Bakun
EVP and Chief Financial Officer
◇◇◇———◇◇
Elizabeth Walters
SVP, Chief Legal Officer and Corporate Secretary
◇◇◇———◇◇
Rhea Goff
SVP and Chief Administrative 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
Elizabeth J. WaltersRSU◇——◇——◇
Jorge L. GonzalezRSU◇——◇——◇
Jorge L. GonzalezRSU◇——◇——◇
Marek BakunRSU◇——◇——◇
Rhea GoffRSU◇——◇——◇
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
Marek BakunRSU◇◇——
RSU◇◇——
RSU◇◇——
Jorge GonzalezRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Elizabeth WaltersRSU◇◇——
RSU◇◇——
RSU◇◇——
Rhea GoffRSU◇◇——
RSU◇◇——
RSU◇◇——
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.
Marek Bakun
EVP and Chief Financial Officer · Employment agreement · citing a 2013 filing
Severance multiple◇
Severance base◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Howard S. Frank
Lead independent director
◇—————◇
Cesar L. Alvarez
◇—————◇
Thomas P. Murphy Jr
◇—————◇
Elizabeth D. Franklin
◇—————◇
Jorge L. Gonzalez and Rhea Goff 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◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

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
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018May 20, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 17, 2016=◇◇◇

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?”
- Jorge Gonzalez (President, Chief Executive Officer and Chairman of the Board), FY2025 total compensation $1,857,798 (base salary $611,673) [exec_comp, SEC accession 0001140361-26-012328, filed 2026-03-31]

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What this page does not include

Everything above is a fact St Joe disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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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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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.
194 figures on this page: 183 cited to the filing that reported them, 11 calculated from figures it prints.
183 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-061171
  2. 0001140361-26-012328
    2025 Director Compensation · 2025 Summary Compensation Table · CEO Pay Ratio · Director Compensation · and 3 more sections
  3. 0001558370-25-007750
  4. 0001140361-25-011617
    2024 Summary Compensation Table
  5. 0001558370-24-008418
  6. 0001140361-24-017785
    2023 Summary Compensation Table
  7. 0001157523-23-000887
  8. 0001193125-23-093100
    2022 Summary Compensation Table
  9. 0001157523-22-000662
  10. 0001157523-21-000697
  11. 0001157523-20-000798
  12. 0001157523-19-001285
  13. 0001157523-18-001197
  14. 0001157523-17-001683
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001157523-16-005674
  16. 0001193125-13-390364
    EX-10.7
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “St Joe executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/JOE (accessed 2026).
Short form: data: Velarion

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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

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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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