V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Real Estate

Whitestone REIT Executive Compensation (FY24)

WSR · Houston, TX · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024
◇
David Holeman
Latest say-on-pay support
=
May 15, 2025
Chief executive pay ratio
◇
To the median employee
Velarion Member: every covered company in Real Estate, with dashboards, peer screens and board-ready briefs. Three seats, one year.

The Whitestone REIT 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.
Get the executive briefGet the board briefNo account needed.
Data as of October 22, 2026Latest filing (8-K): May 16, 2025
11 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Whitestone REIT brief$1,500Get the executive brief
Velarion Member, one year
249 figures on this page: 240 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Holeman: $1,362,527 → $2,400,145 (76.2% higher)
Say-on-pay support: 88.5% → 91.8% (3.3 points higher)
CEO pay ratio: 15:1 → 24:1 (60.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Whitestone REIT's chief executive and what were they paid?
Total compensation for David Holeman, Chief Executive Officer, came to $2,400,145 in fiscal 2024. Holeman's total moved 76.2% higher from the $1,362,527 reported for fiscal 2023.
What was Whitestone REIT's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 91.8% of votes cast for or against in favor at the meeting held May 15, 2025.
What is Whitestone REIT's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2024 is 24:1, against median employee compensation of $98,051.

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 Holeman
Chief Executive Officer
◇—◇—◇—◇◇
Christine Mastandrea
President and Chief Operating Officer
◇—◇—◇—◇◇
Peter Tropoli
General Counsel and Corporate Secretary
◇—◇—◇——◇
John Hogan
Chief Financial Officer
◇—◇—◇—◇◇
Soklin Siv
Vice President of Human Resources
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Holeman
Chief Executive Officer
◇—◇—◇—◇◇
Christine Mastandrea
President and Chief Operating Officer
◇—◇—◇—◇◇
Peter Tropoli
General Counsel and Corporate Secretary
◇—◇—◇——◇
John Hogan
Chief Financial Officer
◇—◇—◇—◇◇
Soklin Siv
Vice President of Human Resources
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Holeman
Chief Executive Officer
◇◇◇—◇—◇◇
Christine Mastandrea
President and Chief Operating Officer
◇◇◇—◇—◇◇
John Hogan
Chief Financial Officer
◇—◇—◇—◇◇
Peter Tropoli
General Counsel and Corporate Secretary
◇—◇—◇——◇
Soklin Siv
Vice President of Human Resources
◇—◇—◇—◇◇
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
Christine J. MastandreaRSU◇——◇——◇
Christine J. MastandreaPSU◇◇◇—◇—◇
David K. HolemanRSU◇——◇——◇
David K. HolemanPSU◇◇◇—◇—◇
J. ScottRSU◇——◇——◇
J. ScottPSU◇◇◇—◇—◇
John HoganRSU◇——◇——◇
John HoganPSU◇◇◇—◇—◇
Michelle SivRSU◇——◇——◇
Michelle SivPSU◇◇◇—◇—◇
Peter A. TropoliPSU◇◇◇—◇—◇
Peter A. TropoliRSU◇——◇——◇
Soklin SivRSU◇——◇——◇
Soklin SivPSU◇◇◇—◇—◇
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 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Christine MastandreaRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
John HoganRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
David HolemanRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Peter TropoliPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
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 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Amy S. Feng
Board chair
◇◇————◇
Jeffrey A. Jones
◇◇————◇
Julia B. Buthman
◇◇————◇
David F. Taylor
◇◇————◇
Nandita V. Berry
◇◇————◇
Kristian M. Gathright
◇◇————◇
Donald A. Miller
◇◇————◇
David Holeman served on the board in fiscal 2024 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◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 15, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 12, 2023=◇◇◇
2021May 23, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 12, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- David Holeman (Chief Executive Officer), FY2024 total compensation $2,400,145 (base salary $493,270) [exec_comp, SEC accession 0001437749-25-011049, filed 2025-04-04]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Whitestone REIT files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Whitestone REIT 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 — $1,500
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.
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.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether Whitestone REIT's disclosed peer group is defensible, who names Whitestone REIT back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
249 figures on this page: 240 cited to the filing that reported them, 9 calculated from figures it prints.
240 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001437749-25-017432
    Proposal 3 : Advisory Vote on Executive Compensation An advisory resolution to approve executive compensation, as described in the Proxy Statement, was approved, based on the following votes: Votes Fo
  2. 0001437749-25-011049
    Grants of Plan Based Awards · Outstanding Equity Awards at Fiscal Year End 2024 · Summary Compensation Table · TRUSTEE COMPENSATION
  3. 0001437749-24-017498
    Proposal 2 : Advisory Vote on Executive Compensation An advisory resolution to approve executive compensation, as described in the Proxy Statement, was approved, based on the following votes: Votes Fo
  4. 0001437749-24-011075
    Summary Compensation Table
  5. 0001437749-23-014961
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001175535-22-000103
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001175535-21-000080
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001175535-20-000081
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001175535-19-000062
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001175535-18-000054
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001175535-17-000027
    Item 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, “Whitestone REIT executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/WSR (accessed 2026).
Short form: data: Velarion

The Whitestone REIT 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.
Get the executive briefGet the board briefNo account needed.
11 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
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Whitestone REIT and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy