Real Estate

SITE Centers Executive Compensation (FY25)

SITC · Beachwood, OH · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
— not reported
David Lukes
Latest say-on-pay support
=
May 13, 2026
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The paid brief on SITE Centers

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Data as of October 22, 2026Latest filing (8-K): May 14, 2026
15 filings cited on this page
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184 figures on this page: 173 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on SITE Centers

Five data products on this company. Each one is requested through the developer setup page.

Frequently asked questions

Answers drawn from the data on this page.
What was SITE Centers' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 99.5% of votes cast including abstentions in favor at the meeting held May 13, 2026.
Which companies are in SITE Centers' peer group?
The disclosed peer group names Acadia Realty Trust, Brixmor Property Group Inc., Federal Realty, Kimco Realty and Kite Realty Group Trust, among others.

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
David Lukes
Chief Executive Officer and President
◇—◇—◇—◇◇
Conor Fennerty
Former Executive Vice President Chief Financial Officer and Treasurer
Departed during or after this year
◇—◇—◇—◇◇
John Cattonar
Executive Vice President and Chief Investment Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Lukes
Chief Executive Officer and President
◇—◇—◇—◇◇
Conor Fennerty
Former Executive Vice President Chief Financial Officer and Treasurer
Departed during or after this year
◇—◇—◇—◇◇
John Cattonar
Executive Vice President and Chief Investment Officer
◇—◇—◇—◇◇
Christa Vesy
Former Executive Vice President and Chief Accounting Officer
Departed during or after this year
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Lukes
Chief Executive Officer and President
◇◇◇———◇◇
Aaron Kitlowski
General Counsel
◇◇◇———◇◇
Conor Fennerty
Former Executive Vice President Chief Financial Officer and Treasurer
Departed during or after this year
◇◇◇———◇◇
John Cattonar
Executive Vice President and Chief Investment Officer
◇◇◇———◇◇
Gerald Morgan
Executive Vice President and Chief Financial Officer
◇◇—————◇
Christa Vesy
Former Executive Vice President and Chief Accounting Officer
Departed during or after this year
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Aaron Kitlowski
Executive Vice President, General Counsel and Secretary
◇◇————◇◇
Gerald Morgan
Executive Vice President, Chief Financial Officer and Treasurer
◇◇————◇◇
David Lukes
Chief Executive Officer and President
———————— not reported
John Cattonar
Executive Vice President and Chief Investment 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 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Aaron M. KitlowskiPSU◇—————◇
Aaron M. KitlowskiRSU◇——◇——◇
Aaron M. KitlowskiPSU◇◇◇—◇—◇
Aaron M. KitlowskiRSU◇——◇——◇
Conor M. FennertyPSU◇—————◇
Conor M. FennertyRSU◇——◇——◇
Conor M. FennertyPSU◇◇◇—◇—◇
David R. LukesPSU◇—————◇
David R. LukesRSU◇——◇——◇
David R. LukesPSU◇◇◇—◇—◇
John M. CattonarPSU◇—————◇
John M. CattonarRSU◇——◇——◇
John M. CattonarPSU◇◇◇—◇—◇
Fiscal 2022, 2023 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
Aaron KitlowskiRSU◇◇——
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.
Aaron Kitlowski
Executive Vice President, General Counsel and Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Gerald Morgan
Executive Vice President, Chief Financial Officer and Treasurer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dawn M. Sweeney
Board chair
◇—————◇
Gary N. Boston
◇—————◇
Cynthia Foster Curry
◇—————◇
John M. Cattonar and David R. Lukes 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◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Acadia Realty Trust AKR
  • Brixmor Property Group Inc. BRX
  • Federal Realty FRT
  • Kimco Realty KIM
  • Kite Realty Group Trust KRG
  • Phillips Edison & Company PECO
  • Regency Centers Corporation REG
  • Retail Opportunity Investments Corp ROIC
  • Saul Centers Inc BFS
  • Tanger Factory Outlet Centers SKT
  • Urban Edge Properties UE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 8, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 11, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 8, 2018=◇◇◇
2016May 9, 2017=◇◇◇
2015May 10, 2016=◇◇◇

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- David Lukes (Chief Executive Officer and President), FY2025 total compensation $0 (base salary $0) [exec_comp, SEC accession 0001193125-26-134508, filed 2026-03-31]

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What this page does not include

Everything above is a fact SITE Centers disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where SITE Centers 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 — $499
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.
184 figures on this page: 173 cited to the filing that reported them, 11 calculated from figures it prints.
173 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-223975
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-134508
    2025 Summary Compensation Table · Compensation of Directors · Outstanding Equity Awards at 2025 Fiscal Year-End Table
  3. 0000950170-25-072566
  4. 0001193125-25-071314
    2024 Grants of Plan-Based Awards Table · 2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0000950170-24-056884
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-084745
    2023 Summary Compensation Table
  7. 0000950170-23-021214
  8. 0001193125-23-089532
    2022 Summary Compensation Table
  9. 0001564590-22-020124
  10. 0001564590-21-027543
  11. 0001564590-20-025481
  12. 0001193125-19-145333
  13. 0001193125-18-157546
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-17-167261
  15. 0001193125-16-587264
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “SITE Centers executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SITC (accessed 2026).
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The paid brief for SITE Centers

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
15 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

Peers SITE Centers discloses

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

Terms on this page

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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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