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VICI Properties Executive Compensation (FY25)

VICI · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (DEF 14A): March 16, 2026
207 figures on this page: 199 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Total compensation for Edward Pitoniak, Chief Executive Officer, came to $14,007,585 in fiscal 2025, and compared with the $12,800,745 reported for fiscal 2024, Pitoniak's total was 9.4% higher. The company reported a chief executive pay ratio of 30:1 for fiscal 2025, against median employee compensation of $468,119. The say-on-pay proposal drew 94.9% of votes cast for or against in favor at the meeting held April 28, 2026 for fiscal 2025. The disclosed peer group includes Alexandria Real Estate Equities, Inc., AvalonBay Communities, Inc., Caesars Entertainment, Inc., Digital Realty Trust, Inc. and Equinix, Inc., among others.
Chief executive, fiscal 2025
◇
Edward Pitoniak
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
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 — Edward Pitoniak: $12,800,745 → $14,007,585 (9.4% higher)
Say-on-pay support: 95.7% → 94.9% (0.8 points lower)
CEO pay ratio: 28:1 → 30:1 (7.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is VICI Properties' chief executive and what were they paid?
Total compensation for Edward Pitoniak, Chief Executive Officer, came to $14,007,585 in fiscal 2025. Compared with the $12,800,745 reported for fiscal 2024, Pitoniak's total was 9.4% higher.
What was VICI Properties' say-on-pay result?
The say-on-pay proposal drew 94.9% of votes cast for or against in favor at the meeting held April 28, 2026 for fiscal 2025.
Which companies are in VICI Properties' peer group?
The disclosed peer group includes Alexandria Real Estate Equities, Inc., AvalonBay Communities, Inc., Caesars Entertainment, Inc., Digital Realty Trust, Inc. and Equinix, Inc., among others.
What is VICI Properties' chief executive pay ratio?
The company reported a chief executive pay ratio of 30:1 for fiscal 2025, against median employee compensation of $468,119.

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
Edward Pitoniak
Chief Executive Officer
◇—◇—◇—◇◇
John Payne
President and Chief Operating Officer
◇—◇—◇—◇◇
David Kieske
Executive Vice President Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Samantha Gallagher
Executive Vice President General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward Pitoniak
Chief Executive Officer
◇—◇—◇—◇◇
John Payne
President and Chief Operating Officer
◇—◇—◇—◇◇
David Kieske
Executive Vice President Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Samantha Gallagher
Executive Vice President General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward Pitoniak
Chief Executive Officer
◇—◇—◇—◇◇
John Payne
President and Chief Operating Officer
◇—◇—◇—◇◇
David Kieske
Executive Vice President Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Samantha Gallagher
Executive Vice President General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward Pitoniak
Chief Executive Officer
◇—◇—◇—◇◇
John Payne
President and Chief Operating Officer
◇—◇—◇—◇◇
David Kieske
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Samantha Gallagher
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David A. KieskeRSU◇——◇——◇
David A. KieskePSU◇◇◇—◇—◇
Edward B. PitoniakPSU◇◇◇—◇—◇
Edward B. PitoniakRSU◇——◇——◇
John W.R. PayneRSU◇——◇——◇
John W.R. PaynePSU◇◇◇—◇—◇
Samantha S. GallagherPSU◇◇◇—◇—◇
Samantha S. GallagherRSU◇——◇——◇
Fiscal 2022, 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Samantha GallagherRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
David KieskePSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John PayneRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Edward PitoniakRSU◇◇——
PSU◇◇——
RSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James R. Abrahamson
Board chair
◇◇————◇
Craig Macnab
◇◇———◇◇
Diana F. Cantor
◇◇————◇
Elizabeth I. Holland
◇◇————◇
Michael D. Rumbolz
◇◇————◇
Monica H. Douglas
◇◇————◇
Edward B. Pitoniak 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 chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alexandria Real Estate Equities, Inc. ARE
  • AvalonBay Communities, Inc. AVB
  • Caesars Entertainment, Inc. CZR
  • Digital Realty Trust, Inc. DLR
  • Equinix, Inc. EQIX
  • Equity Residential EQR
  • Extra Space Storage Inc. EXR
  • Gaming and Leisure Properties, Inc. GLPI
  • Healthpeak Properties, Inc. DOC
  • Hilton Worldwide Holdings Inc. HLT
  • MGM Resorts International MGM
  • Public Storage PSA
  • Realty Income Corporation O
  • SBA Communications Corp. SBAC
  • Simon Property Group, Inc. SPG
  • W.P. Carey Inc. WPC
  • Welltower, Inc. WELL
  • Wynn Resorts, Limited WYNN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 28, 2026=◇◇◇
2024April 29, 2025=◇◇◇
2023April 30, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 27, 2022=◇◇◇
2019April 30, 2020=◇◇◇
2018April 30, 2019=◇◇◇
2017July 31, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact VICI Properties disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where VICI Properties 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 — $1,200
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.
Velarion Intelligence
Adviser 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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
207 figures on this page: 199 cited to the filing that reported them, 8 calculated from figures it prints.
199 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001104659-25-024253
    2024 Summary Compensation Table
  2. 0001104659-26-028592
    2025 DIRECTOR COMPENSATION · 2025 Grants of Plan-Based Awards · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · and 2 more sections
  3. 0001705696-25-000069
  4. 0001705696-24-000061
  5. 0001104659-24-034510
    2023 Summary Compensation Table
  6. 0001705696-23-000065
  7. 0001193125-23-070714
    2022 Summary Compensation Table · Summary Compensation Table for Fiscal Year 2025
  8. 0001705696-22-000070
  9. 0001705696-20-000114
  10. 0001705696-19-000095
  11. 0001193125-18-235763
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001705696-26-000053
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Velarion, “VICI Properties executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/VICI (accessed 2026).
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Gaming & Lodging rankings

Chief executive pay — Gaming & LodgingCEO pay ratio — Gaming & LodgingSay-on-pay support — Gaming & Lodging

Peers VICI Properties discloses

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

Alexandria Real Estate Equities, Inc.AvalonBay Communities, Inc.Caesars Entertainment, Inc.Digital Realty Trust, Inc.Equinix, Inc.Equity ResidentialExtra Space Storage Inc.Gaming and Leisure Properties, Inc.Healthpeak Properties, Inc.Hilton Worldwide Holdings Inc.MGM Resorts InternationalPublic StorageRealty Income CorporationSBA Communications Corp.Simon Property Group, Inc.W.P. Carey Inc.Welltower, Inc.Wynn Resorts, Limited

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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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