Real Estate
Seritage Growth Properties Executive Compensation (FY25)
SRG · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Adam Metz | Latest say-on-pay support = June 9, 2026 |
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Data as of October 17, 2026Latest filing (8-K): June 11, 2026
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
Velarion Member, one year
125 figures on this page: 115 cited to the filing that reported them, 10 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.
Chief executive of record: Andrea Olshan → Adam Metz
Say-on-pay support: 48.3% → 46.2% (2.1 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Seritage Growth Properties' chief executive and what were they paid?
Total compensation for Adam Metz, Chief Executive Officer and President, came to $822,581 in fiscal 2025.
What was Seritage Growth Properties' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 46.2% of votes cast for or against in favor at the meeting held June 9, 2026.
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 |
|---|---|---|---|---|---|---|---|---|
Andrea Olshan Chief Executive Officer and President | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Matthew Fernand Chief Legal Officer and Corporate Secretary | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Eric Dinenberg Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Amanda Lombard Former Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Andrea Olshan Former Chief Executive Officer and President Departed during or after this year | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Matthew Fernand Chief Legal Officer and Corporate Secretary | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Eric Dinenberg Chief Operating Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Andrea Olshan Former Chief Executive Officer and President Departed during or after this year | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Matthew Fernand Chief Legal Officer and Corporate Secretary | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Eric Dinenberg Chief Operating Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Andrea Olshan Former Chief Executive Officer and President Departed during or after this year | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Matthew Fernand Chief Legal Officer and Corporate Secretary | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Eric Dinenberg Chief Operating Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Adam Metz Chief Executive Officer and President | ◇ | — | — | — | — | — | ◇ | ◇ |
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.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Eric Dinenberg | RSU | ◇ | ◇ | — | — |
| Andrea Olshan | RSU | ◇ | ◇ | — | — |
| Matthew Fernand | 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.
Adam Metz
Chief Executive Officer and President · Employment agreement · dated June 30, 2025
| Clawback | ◇ |
Andrea Olshan
Former Chief Executive Officer and President · Amended agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
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 |
|---|---|---|---|---|---|---|---|
John T. McClain | ◇ | — | — | — | — | — | ◇ |
Talya Nevo-Hacohen | ◇ | — | — | — | — | — | ◇ |
Mitchell Sabshon | ◇ | — | — | — | — | — | ◇ |
Allison L. Thrush | ◇ | — | — | — | — | — | ◇ |
Mark Wilsmann | ◇ | — | — | — | — | — | ◇ |
Adam Metz 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 | ◇ |
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 | June 9, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 10, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 5, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 6, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | October 24, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 20, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 21, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 30, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 24, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 25, 2017 | = | ◇ | ◇ | ◇ |
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Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Andrea Olshan (Former Chief Executive Officer and President), FY2025 total compensation $6,386,016 (base salary $327,115) [exec_comp, SEC accession 0001174947-26-000519, filed 2026-04-27]What this page does not include
Everything above is a fact Seritage Growth Properties 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 — $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
Seritage Growth Properties 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.
125 figures on this page: 115 cited to the filing that reported them, 10 calculated from figures it prints.
115 cited to the filing
10 calculated from the filing
Documents cited
- 0001193125-26-267880
- 0001174947-26-000519ADVISORY VOTE ON EXECUTIVE COMPENSATION · COMPENSATION OF NAMED EXECUTIVE OFFICERS · Director Compensation
- 0000895345-25-000209
- 0001174947-25-000655Outstanding Equity Awards at Fiscal Year-End 2024 · Summary Compensation Table for the Fiscal Year ended December 31, 2024
- 0000895345-24-000215Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001174947-24-000573COMPENSATION OF EXECUTIVE OFFICERS AND TRUSTEES · Exhibit
- 0001193125-23-163518
- 0001174947-23-000634Summary Compensation Table
- 0001193125-22-267589Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-21-018367Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-20-012554Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000895345-19-000190Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000895345-18-000124Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000895345-17-000171
- 0000895345-25-000218EX-10.1
Cite this data
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Velarion, “Seritage Growth Properties executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SRG (accessed 2026).
Short form: data: Velarion
The Seritage Growth Properties 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.
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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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}
}