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Real Estate

Chiron Real Estate Executive Compensation (FY25)

XRN · Bethesda, MD · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Mark Decker, Jr.
Median of the other named officers
$987,528
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 20, 2026
14 filings cited on this page
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262 figures on this page: 253 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
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: Jeffrey Busch → Mark Decker, Jr.
Say-on-pay support: 96.4% → 94.8% (1.6 points lower)
CEO pay ratio: 10.9:1 → 9.9:1 (9.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Chiron Real Estate's chief executive and what were they paid?
Mark Decker, Jr., Director and Chief Executive Officer and President, received $1,817,778 in total compensation for fiscal 2025.
What was Chiron Real Estate's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 94.8% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Chiron Real Estate's peer group?
The disclosed peer group names American Healthcare REIT, Armada Hoffler Properties, Inc., Brandywine Realty Trust, CareTrust REIT, Inc. and City Office REIT, Inc., among others.
What is Chiron Real Estate's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 9.9:1, against median employee compensation of $216,917.

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
Jeffrey Busch
Chairman, CEO and President
◇—◇—◇—◇◇
Robert Kiernan
Chief Financial Officer and Treasurer
◇—◇—◇——◇
Alfonzo Leon
Chief Investment Officer
◇—◇—◇——◇
Danica Holley
Chief Operating Officer
◇—◇—◇——◇
Jamie Barber
General Counsel and Secretary
◇—◇—◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Busch
Chief Executive Officer, Chairman
◇—◇—◇——◇
Robert Kiernan
Chief Financial Officer and Treasurer
◇—◇—◇——◇
Alfonzo Leon
Chief Investment Officer
◇—◇—◇——◇
Danica Holley
Chief Operating Officer
◇—◇—◇——◇
Jamie Barber
General Counsel and Corporate Secretary
◇—◇—◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Busch
Chief Executive Officer, Chairman
◇—◇—◇——◇
Robert Kiernan
Chief Financial Officer and Treasurer
◇—◇—◇——◇
Alfonzo Leon
Chief Investment Officer
◇—◇—◇——◇
Danica Holley
Chief Operating Officer
◇—◇—◇——◇
Jamie Barber
General Counsel and Corporate Secretary
◇—◇—◇——◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Decker, Jr.
Director and Chief Executive Officer and President
◇—◇—◇—◇◇
Robert Kiernan
Chief Financial Officer and Treasurer
◇—◇—◇——◇
Alfonzo Leon
Chief Investment Officer
◇—◇—◇——◇
Danica Holley
Chief Operating Officer
◇—◇—◇——◇
Jamie Barber
General Counsel and Corporate Secretary
◇—◇—◇——◇
Jeffrey Busch
Chairman and former Chief Executive Officer and President
Departed during or after this year
◇——————◇
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
Alfonzo LeonPSU◇◇◇—◇—◇
Alfonzo LeonPSU◇◇◇—◇—◇
Alfonzo LeonRSU◇——◇———
Alfonzo LeonRSU◇——◇——◇
Danica HolleyPSU◇◇◇—◇—◇
Danica HolleyRSU◇——◇——◇
Danica HolleyPSU◇◇◇—◇—◇
Danica HolleyRSU◇——◇———
Jamie BarberPSU◇◇◇—◇—◇
Jamie BarberPSU◇◇◇—◇—◇
Jamie BarberRSU◇——◇——◇
Jamie BarberRSU◇——◇———
Mark Decker JrRSU◇——◇——◇
Mark Decker JrPSU◇—◇—◇—◇
Mark Decker Jr.PSU◇◇◇—◇—◇
Mark Decker Jr.RSU◇——◇——◇
Robert KiernanPSU◇◇◇—◇—◇
Robert KiernanRSU◇——◇——◇
Robert KiernanPSU◇◇◇—◇—◇
Robert KiernanRSU◇——◇———
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
Mark DeckerRSU◇◇——
PSU◇◇——
Robert KiernanPSU◇◇——
RSU◇◇——
Danica HolleyRSU◇◇——
PSU◇◇——
Jeffrey BuschPSU◇◇——
Alfonzo LeonRSU◇◇——
PSU◇◇——
Jamie BarberRSU◇◇——
PSU◇◇——
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.
Alfonzo Leon
Chief Investment Officer · Severance agreement · citing a 2020 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Jeffrey Busch
Chairman and former Chief Executive Officer and President · Employment agreement · citing a 2020 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lori Wittman
Lead independent director
◇◇————◇
Henry Cole
◇◇————◇
Paula Crowley
◇◇————◇
Matthew L. Cypher, Ph.D
◇◇————◇
Ronald Marston
◇◇————◇
Ron Marston
◇◇————◇
Mark Decker Jr, Jeffrey Busch, Mark Decker, Jr and Zhang Huiqi 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◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Stock ownership guideline: Maintain director and executive stock ownership guidelines.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Healthcare REIT AHR
  • Armada Hoffler Properties, Inc. AHRT
  • Brandywine Realty Trust BDN
  • CareTrust REIT, Inc. CTRE
  • City Office REIT, Inc. CIO
  • Community Healthcare Trust Incorporated CHCT
  • Easterly Government Properties, Inc. DEA
  • Elme Communities ELME
  • Getty Realty Corp. GTY
  • LTC Properties, Inc. LTC
  • National Health Investors, Inc. NHI
  • NETSTREIT Corp. NTST
  • Plymouth Industrial REIT, Inc. PLYM
  • Sabra Health Care REIT, Inc. SBRA
  • Sila Realty Trust, Inc. SILA
  • Whitestone REIT WSR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 13, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019September 2, 2020=◇◇◇
2018May 29, 2019=◇◇◇
2017May 30, 2018=◇◇◇

Chief executive pay ratio

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

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Sample answer — “What is the CEO’s total compensation?”
- Mark Decker, Jr. (Director and Chief Executive Officer and President), FY2025 total compensation $1,817,778 (base salary $371,389) [exec_comp, SEC accession 0001104659-26-040956, filed 2026-04-08]

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What this page does not include

Everything above is a fact Chiron Real Estate disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Chiron Real Estate 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.
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.
262 figures on this page: 253 cited to the filing that reported them, 9 calculated from figures it prints.
253 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001104659-26-064620
    Proposal 2 — Advisory Vote on Named Executive Officer Compensation: For Against Abstain Broker Non-Votes
  2. 0001104659-26-040956
    2025 GRANTS OF PLAN-BASED AWARDS TABLE · CEO Pay Ratio · COMPENSATION OF DIRECTORS · OUTSTANDING EQUITY AWARDS AT 2025 FISCAL YEAR END · and 1 more section
  3. 0001104659-25-048999
    Proposal 2 — Advisory Vote on Named Executive Officer Compensation: For Against Abstain Broker Non-Votes
  4. 0001104659-25-029872
    SUMMARY COMPENSATION TABLE FOR 2024, 2023 AND 2022
  5. 0001104659-24-062602
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-041881
    SUMMARY COMPENSATION TABLE FOR 2023, 2022 AND 2021
  7. 0001104659-23-058486
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-039678
    SUMMARY COMPENSATION TABLE FOR 2022, 2021 AND 2020
  9. 0001104659-22-059874
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-21-074175
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-20-102040
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001144204-19-029442
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001144204-18-032693
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104659-20-082414
    EX-10.4 · EX-10.9
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Velarion, “Chiron Real Estate executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/XRN (accessed 2026).
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14 filings cited on this page
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Real Estate rankings

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

Peers Chiron Real Estate discloses

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

American Healthcare REITArmada Hoffler Properties, Inc.Brandywine Realty TrustCareTrust REIT, Inc.City Office REIT, Inc.Community Healthcare Trust IncorporatedEasterly Government Properties, Inc.Elme CommunitiesGetty Realty Corp.LTC Properties, Inc.National Health Investors, Inc.NETSTREIT Corp.Plymouth Industrial REIT, Inc.Sabra Health Care REIT, Inc.Sila Realty Trust, Inc.Whitestone REIT

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}
}
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