Real Estate
Rithm Property Trust Executive Compensation (FY25)
RPT · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 — not reported Michael Nierenberg | Latest say-on-pay support = June 2, 2026 |
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Data as of October 22, 2026Latest filing (8-K): June 2, 2026
10 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
Velarion Member, one year
83 figures on this page: 77 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
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.
Say-on-pay support: 55.9% → 30.7% (25.2 points lower)
Frequently asked questions
Answers drawn from the data on this page.
What was Rithm Property Trust's say-on-pay result?
Shareholders supported the say-on-pay proposal with 30.7% of votes cast for or against in favor at the meeting held June 2, 2026 for fiscal 2025.
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 |
|---|---|---|---|---|---|---|---|---|
Mary Doyle CFO | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Lawrence Mendelsohn Chairman of the Board and CEO | — | — | ◇ | — | — | — | — | ◇ |
Russell Schaub President and Director | — | — | ◇ | — | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mary Doyle CFO | ◇ | ◇ | — | — | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mary Doyle Principal financial officer and principal accounting officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Russell Schaub Former President Departed during or after this year | — | — | — | — | — | — | — | — not reported |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mary Doyle Former principal financial officer and principal accounting officer Departed during or after this year | — | — | — | — | — | — | ◇ | ◇ |
Michael Nierenberg Chief Executive Officer | — | — | — | — | — | — | — | — not reported |
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 2022
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Lawrence Mendelsohn | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Mary Doyle | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Russell Schaub | PSU | ◇ | — | ◇ | — | — | — | ◇ |
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 |
|---|---|---|---|---|---|
| Lawrence Mendelsohn | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Mary Doyle | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Russell Schaub | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| 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.
Mary Doyle
Former principal financial officer and principal accounting officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Michael Nierenberg
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
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 |
|---|---|---|---|---|---|---|---|
Paul Friedman Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Mary Haggerty | ◇ | — | — | — | — | — | ◇ |
Daniel Hoffman | ◇ | — | — | — | — | — | ◇ |
Michael Nierenberg 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 | ◇ |
Equity is delivered as Common Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
- Equity ELS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 2, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 2, 2025 | = | ◇ | ◇ | ◇ |
| 2021 | May 31, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 1, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 23, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 28, 2019 | = | ◇ | ◇ | ◇ |
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Sample answer — “What is the CEO’s total compensation?”
- Michael Nierenberg (Chief Executive Officer), FY2025 total compensation $0 (base salary $0) [exec_comp, SEC accession 0001104659-26-046036, filed 2026-04-21]What this page does not include
Everything above is a fact Rithm Property Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Rithm Property 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 — $1,500Written 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 — $499Realizable 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 IntelligenceSay-on-pay responsiveness
Rithm Property Trust recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser 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.
83 figures on this page: 77 cited to the filing that reported them, 6 calculated from figures it prints.
77 cited to the filing
6 calculated from the filing
Documents cited
- 0001104659-26-069518Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-26-046036COMPENSATION OF DIRECTORS · Director Compensation · Summary Compensation Table
- 0001104659-25-055455Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-25-036505Compensation Discussion and Analysis · Summary Compensation Table
- 0001104659-24-045310Summary Compensation Table
- 0001104659-23-048431Grant of Plan-Based Awards · Summary Compensation Table
- 0001104659-22-066627Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-21-077208Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-20-076053
- 0001144204-19-028648
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Rithm Property Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RPT (accessed 2026).
Short form: data: Velarion
The Rithm Property Trust brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
10 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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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}
}