Real Estate
Maui Land & Pineapple CO Executive Compensation (FY25)
MLP · Lahaina, HI · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 27, 2026
113 figures on this page: 102 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Figures cover fiscal 2023 through fiscal 2025. The company reported 2 named executive officers for fiscal 2025. Race Randle was paid $1,378,306 in total compensation as Chief Executive Officer for fiscal 2025, and Randle's total moved 53.0% lower from the $2,933,180 reported for fiscal 2024. Shareholders supported the say-on-pay proposal with 97.4% of votes cast including abstentions in favor at the meeting held May 27, 2026 for fiscal 2025.
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 — Race Randle: $2,933,180 → $1,378,306 (53.0% lower)
Say-on-pay support: 93.6% → 97.4% (3.8 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Maui Land & Pineapple CO's chief executive and what were they paid?
Race Randle was paid $1,378,306 in total compensation as Chief Executive Officer for fiscal 2025. Randle's total moved 53.0% lower from the $2,933,180 reported for fiscal 2024.
What was Maui Land & Pineapple CO's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.4% of votes cast including abstentions in favor at the meeting held May 27, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Warren Haruki Former Chairperson & Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Race Randle Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Paulus Subrata Former Vice President Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Wade Kodama Chief Financial Officer, Treasurer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Race Randle Chief Executive Officer | ◇ | — | — | ◇ | — | — | ◇ | ◇ |
Wade Kodama Chief Financial Officer, Treasurer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Race Randle Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Wade Kodama Chief Financial Officer, Treasurer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Race A. Randle | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Wade K. Kodama | RSA | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Wade Kodama | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Race Randle | 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
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
R. Scot Sellers Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Anthony P. Takitani | ◇ | ◇ | — | — | — | — | ◇ |
John Sabin | ◇ | ◇ | — | — | — | — | ◇ |
Ken Ota | ◇ | ◇ | — | — | — | — | ◇ |
Glyn Aeppel | ◇ | ◇ | — | — | — | — | ◇ |
A. Catherine Ngo | ◇ | ◇ | — | — | — | — | ◇ |
Steve Case | ◇ | ◇ | — | — | — | — | ◇ |
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 | ◇ |
Equity is delivered as Restricted Stock.
Stock ownership guideline: 5x annual cash retainer
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 27, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 21, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 15, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 16, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 29, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 28, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 22, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 24, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 25, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 28, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 27, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Maui Land & Pineapple CO 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.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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 IntelligenceAdviser 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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Velarion IntelligenceCitations
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
- 0001437749-26-018611Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-26-011910DIRECTOR COMPENSATION · Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table
- 0001437749-25-018174Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-25-011201Summary Compensation Table
- 0001437749-24-017307Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-24-009835Summary Compensation Table
- 0001437749-23-015316Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-22-016655Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-21-010482Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-20-008266Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-19-007885Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-18-007875Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-17-007453Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-16-030219Item 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, “Maui Land & Pineapple CO executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MLP (accessed 2026).
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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}
}