Asset Management
Blue Owl Capital Executive Compensation (FY25)
OWL · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (DEF 14A): April 17, 2026
184 figures on this page: 182 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Douglas Ostrover was paid $29,237,055 in total compensation as Co-Chief Executive Officer for fiscal 2025, and Ostrover's total moved 22.3% higher from the $23,912,432 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 84:1, against median employee compensation of $346,350. For fiscal 2024, the say-on-pay proposal drew 95.7% support at the meeting held June 9, 2025. For fiscal 2025, the company reported 6 named executive officers.
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 — Douglas Ostrover: $23,912,432 → $29,237,055 (22.3% higher)
CEO pay ratio: 66:1 → 84:1 (27.3% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Blue Owl Capital's chief executive and what were they paid?
Douglas Ostrover was paid $29,237,055 in total compensation as Co-Chief Executive Officer for fiscal 2025. Ostrover's total moved 22.3% higher from the $23,912,432 reported for fiscal 2024.
What was Blue Owl Capital's say-on-pay result?
For fiscal 2024, the say-on-pay proposal drew 95.7% support at the meeting held June 9, 2025.
What is Blue Owl Capital's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 84:1, against median employee compensation of $346,350.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Alan Kirshenbaum Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Douglas Ostrover Co-Chief Executive Officer and Chairman of the Board | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michael Rees Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Douglas Ostrover Co-Chief Executive Officer and Chairman of the Board | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Marc Lipschultz Co-Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michael Rees Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Craig Packer Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Alan Kirshenbaum Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Alan Kirshenbaum Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Rees Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Neena Reddy Chief Legal Officer General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Douglas Ostrover Co-Chief Executive Officer and Chairman of the Board | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Marc Lipschultz Co-Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Marc Zahr Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Craig Packer Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Douglas Ostrover Co-Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Marc Lipschultz Co-Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Marc Zahr Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michael Rees Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Craig Packer Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Alan Kirshenbaum 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.
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 |
|---|---|---|---|---|---|---|---|---|
| Craig W. Packer | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Craig W. Packer | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Craig W. Packer | PSU | ◇ | — withheld | — withheld | — | ◇ | — | ◇ |
| Craig W. Packer | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Douglas I. Ostrover | PSU | ◇ | — withheld | — withheld | — | ◇ | — | ◇ |
| Douglas I. Ostrover | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Douglas I. Ostrover | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Douglas I. Ostrover | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Marc S. Lipschultz | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Marc S. Lipschultz | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Marc S. Lipschultz | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Marc S. Lipschultz | PSU | ◇ | — withheld | — withheld | — | ◇ | — | ◇ |
| Marc Zahr | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Marc Zahr | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Marc Zahr | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Marc Zahr | PSU | ◇ | — withheld | — withheld | — | ◇ | — | ◇ |
| Michael D. Rees | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Michael D. Rees | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Michael D. Rees | PSU | ◇ | — withheld | — withheld | — | — withheld | — | ◇ |
| Michael D. Rees | PSU | ◇ | — withheld | — withheld | — | ◇ | — | ◇ |
Fiscal 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 |
|---|---|---|---|---|---|
| Alan Kirshenbaum | 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.
Douglas Ostrover
Co-Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance cash amount | ◇ |
| Non-compete period | ◇ |
Marc Zahr
Co-President · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance cash amount | ◇ |
Marc Lipschultz
Co-Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance cash amount | ◇ |
| Non-compete period | ◇ |
Alan Kirshenbaum
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Severance cash amount | ◇ |
| Benefits continuation | ◇ |
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 |
|---|---|---|---|---|---|---|---|
Jennifer Brouse | — | ◇ | — | — | — | ◇ | ◇ |
Claudia A. Holz | ◇ | ◇ | — | — | — | — | ◇ |
Stacy Polley | ◇ | ◇ | — | — | — | — | ◇ |
Dana Weeks | ◇ | ◇ | — | — | — | — | ◇ |
Andrew S. Komaroff, Douglas I. Ostrover, Marc Zahr, Craig W. Packer, Michael D. Rees, Sean Ward and Marc S. Lipschultz 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 | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
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 |
|---|---|---|---|---|---|
| 2024 | June 9, 2025 | = | ◇ | ◇ | ◇ |
| 2021 | June 10, 2022 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Blue Owl Capital 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.
184 figures on this page: 182 cited to the filing that reported them, 2 calculated from figures it prints.
182 cited to the filing
2 calculated from the filing
Documents cited
- 0001823945-26-0000172025 Director Compensation Table · 2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · COMPENSATION OF OUR DIRECTORS · and 3 more sections
- 0001823945-25-000040Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001823945-25-0000242024 Summary Compensation Table · Compensation Discussion and Analysis
- 0001823945-24-0000282023 Summary Compensation Table
- 0001823945-23-0000222022 Summary Compensation Table
- 0001823945-22-000056Item 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, “Blue Owl Capital executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/OWL (accessed 2026).
Short form: data: Velarion
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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}
}