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LTC Properties Executive Compensation (FY25)

LTC · Westlake Village, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 27, 2026
201 figures on this page: 190 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Pamela Shelley-Kessler, Co-President and Co-Chief Executive Officer, received $4,027,538 in total compensation for fiscal 2025, and Shelley-Kessler's total was 50.1% higher than the $2,682,850 reported for fiscal 2024. Shareholders supported the say-on-pay proposal with 96.2% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025. The disclosed peer group includes Acadia Realty Trust, American Healthcare REIT, Inc., Broadstone Net Lease Inc., CareTrust REIT, Inc. and Chiron Real Estate Inc., among others. The company reported 6 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
Pamela Shelley-Kessler
Median of the other named officers
$1,460,600
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 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 — Pamela Shelley-Kessler: $2,682,850 → $4,027,538 (50.1% higher)
Say-on-pay support: 95.1% → 96.2% (1.1 points higher)
CEO pay ratio: 9.3:1 → 12.7:1 (36.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is LTC Properties' chief executive and what were they paid?
Pamela Shelley-Kessler, Co-President and Co-Chief Executive Officer, received $4,027,538 in total compensation for fiscal 2025. Shelley-Kessler's total was 50.1% higher than the $2,682,850 reported for fiscal 2024.
What was LTC Properties' say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.2% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in LTC Properties' peer group?
The disclosed peer group includes Acadia Realty Trust, American Healthcare REIT, Inc., Broadstone Net Lease Inc., CareTrust REIT, Inc. and Chiron Real Estate Inc., among others.
What is LTC Properties' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 12.7:1, against median employee compensation of $318,000.

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
Pamela Shelley-Kessler
Co-President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Wendy Simpson
Executive Chairman
◇—◇—◇—◇◇
Pamela Shelley-Kessler
Co-President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Clint Malin
Co-President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Wendy Simpson
Executive Chairman
◇—◇—◇—◇◇
Pamela Shelley-Kessler
Co-President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Clint Malin
Co-President, Co-Chief Executive Officer, and Chief Investment Officer
◇—◇—◇—◇◇
Caroline Chikhale
Executive Vice President, Chief Financial Officer, Treasurer and Secretary
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Pamela Shelley-Kessler
Co-President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Clint Malin
Co-President and Co-Chief Executive Officer
◇—◇—◇—◇◇
Caroline Chikhale
Executive Vice President, Chief Financial Officer, Treasurer and Corporate Secretary
◇—◇—◇—◇◇
John Satterwhite
Executive Vice President, Asset Management
◇—◇—◇—◇◇
Wendy Simpson
Executive Chairman
◇———◇—◇◇
David Boitano
Executive Vice President and Chief Investment 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
Caroline ChikhalePSU◇◇◇—◇—◇
Caroline ChikhalePSU◇◇◇—◇—◇
Caroline ChikhaleRSA◇——◇——◇
Clint B. MalinRSA◇——◇——◇
Clint B. MalinPSU◇◇◇—◇—◇
Clint B. MalinPSU◇◇◇—◇—◇
David M. BoitanoRSA◇——◇——◇
Pamela J. Shelley-KesslerPSU◇◇◇—◇—◇
Pamela J. Shelley-KesslerRSA◇——◇——◇
Pamela J. Shelley-KesslerPSU◇◇◇—◇—◇
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
Wendy SimpsonPSU◇◇——
RSU◇◇——
John SatterwhitePSU◇◇——
RSU◇◇——
Caroline ChikhalePSU◇◇——
RSU◇◇——
David BoitanoRSU◇◇——
Pamela Shelley-KesslerRSU◇◇——
PSU◇◇——
Clint MalinPSU◇◇——
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
Timothy J. Triche, MD
Lead independent director
◇◇————◇
Cornelia Cheng
◇◇————◇
Bradley J. Preber
◇◇————◇
David L. Gruber
◇◇————◇
Jeffrey C. Hawken
◇◇————◇
Wendy L. Simpson 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◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 5x annual retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acadia Realty Trust AKR
  • American Healthcare REIT, Inc. AHR
  • Broadstone Net Lease Inc. BNL
  • CareTrust REIT, Inc. CTRE
  • Chiron Real Estate Inc. XRN
  • Community Healthcare Trust Inc. CHCT
  • Elme Communities ELME
  • EPR Properties EPR
  • Healthcare Realty Trust Inc. HR
  • Innovative Industrial Properties, Inc. IIPR
  • LXP Industrial Trust LXP
  • Medical Properties Trust Inc. MPT
  • National Health Investors, Inc. NHI
  • NETSTREIT Corp. NTST
  • Omega Healthcare Investors, Inc. OHI
  • Physicians Realty Trust symbol not shown
  • Piedmont Office Realty Trust Inc. PDM
  • Retail Opportunity Investments Corp. ROIC
  • Sabra Health Care REIT, Inc. SBRA
  • Safehold, Inc. SAFE
  • Sila Realty Trust SILA
  • Terreno Realty Corp. TRNO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 28, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 27, 2020=◇◇◇
2018May 29, 2019=◇◇◇
2017May 30, 2018=◇◇◇
2016June 1, 2017=◇◇◇
2015June 2, 2016=◇◇◇

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 LTC Properties disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where LTC Properties 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.
201 figures on this page: 190 cited to the filing that reported them, 11 calculated from figures it prints.
190 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-066961
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-040921
    DIRECTOR COMPENSATION · Director Compensation for the Year ended December 31, 2025 · Grants of Plan-Based Awards · Outstanding Equity Awards at Year-End · and 1 more section
  3. 0001104659-25-055972
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-25-004834
    Summary Compensation Table
  5. 0001104659-24-065590
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-23-065470
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001558370-23-006151
    Summary Compensation Table
  8. 0001104659-22-065894
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-21-075028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-20-067797
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-19-033460
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-18-037660
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001104659-17-037505
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104659-16-125677
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001558370-24-005193
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “LTC Properties executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LTC (accessed 2026).
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Real Estate rankings

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

Peers LTC Properties discloses

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

Acadia Realty TrustAmerican Healthcare REIT, Inc.Broadstone Net Lease Inc.CareTrust REIT, Inc.Chiron Real Estate Inc.Community Healthcare Trust Inc.Elme CommunitiesEPR PropertiesHealthcare Realty Trust Inc.Innovative Industrial Properties, Inc.LXP Industrial TrustMedical Properties Trust Inc.National Health Investors, Inc.NETSTREIT Corp.Omega Healthcare Investors, Inc.Piedmont Office Realty Trust Inc.Sabra Health Care REIT, Inc.Safehold, Inc.Sila Realty Trust

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}
}
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