Real Estate
Equity Residential Executive Compensation (FY25)
EQR · Executive and director compensation, fiscal 2023 to 2025
Chief executive, fiscal 2025 ◇ Mark Parrell | Median of the other named officers $4,669,428 5 officers, excluding the chief executive |
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Data as of November 12, 2026Latest filing (DEF 14A): April 14, 2026
2 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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218 figures on this page, cited to the filing that reported them. 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 total compensation — Mark Parrell: $11,359,954 → $12,759,187 (12.3% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Equity Residential's chief executive and what were they paid?
Total compensation for Mark Parrell, President & Chief Executive Officer, came to $12,759,187 in fiscal 2025. Parrell's total moved 12.3% higher from the $11,359,954 reported for fiscal 2024.
Which companies are in Equity Residential's peer group?
Companies named in the disclosed peer group include AvalonBay Communities, Inc., BXP, Inc., Camden Property Trust, Digital Realty Trust, Inc. and Equinix, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark Parrell President & Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Manelis Executive Vice President & Chief Operating Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Robert Garechana Executive Vice President & Chief Investment Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Alexander Brackenridge Executive Vice President - Investments | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Fenster Executive Vice President & General Counsel | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Bret McLeod Executive Vice President & Chief Financial Officer | — | — | — | — | — | — | — | — not reported |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark Parrell President & Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Manelis Executive Vice President & Chief Operating Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Robert Garechana Executive Vice President & Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Alexander Brackenridge Executive Vice President & Chief Investment Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Fenster Executive Vice President & General Counsel | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Bret McLeod Executive Vice President & Chief Financial Officer | — | — | — | — | — | — | — | — not reported |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark Parrell President & Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Manelis Executive Vice President & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Garechana Executive Vice President & Chief Investment Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Alexander Brackenridge Executive Vice President - Investments | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Fenster Executive Vice President & General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Bret McLeod Executive Vice President & Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Alexander Brackenridge | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Alexander Brackenridge | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Bret McLeod | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael Manelis | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael Manelis | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Scott Fenster | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Scott Fenster | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Mark Parrell | PSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 02/05/35 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 02/15/33 | |
| Option | ◇ | — | ◇ | 02/01/34 | |
| Michael Manelis | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 02/01/34 | |
| Option | ◇ | — | ◇ | 02/15/33 | |
| Alexander Brackenridge | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Robert Garechana | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 02/05/35 | |
| Option | ◇ | — | ◇ | 02/01/34 | |
| Option | ◇ | — | ◇ | 02/15/33 | |
| Scott Fenster | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 02/01/34 | |
| Option | ◇ | — | ◇ | 02/15/33 | |
| Bret McLeod | 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.
Mark Parrell
President & Chief Executive Officer · Severance agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Michael Manelis
Executive Vice President & Chief Operating Officer · Severance agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Robert Garechana
Executive Vice President & Chief Investment Officer · Severance agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Scott Fenster
Executive Vice President & General Counsel · Severance agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
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 |
|---|---|---|---|---|---|---|---|
David J. Neithercut Board chair | ◇ | — | ◇ | — | — | — | ◇ |
Stephen E. Sterrett | ◇ | ◇ | — | — | — | — | ◇ |
Mary Kay Haben | ◇ | ◇ | — | — | — | — | ◇ |
Linda Walker Bynoe | ◇ | ◇ | — | — | — | — | ◇ |
Angela M. Aman | ◇ | ◇ | — | — | — | — | ◇ |
Nina P. Jones | ◇ | ◇ | — | — | — | — | ◇ |
Mark S. Shapiro | ◇ | ◇ | — | — | — | — | ◇ |
Tahsinul Zia Huque | ◇ | ◇ | — | — | — | — | ◇ |
Ann C. Hoff | ◇ | ◇ | — | — | — | — | ◇ |
Chris Carr | ◇ | ◇ | — | — | — | — | ◇ |
John E. Neal | ◇ | — | — | — | — | — | ◇ |
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 | ◇ |
| Lead independent director 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 Share Awards and Option Awards.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- AvalonBay Communities, Inc. AVB
- BXP, Inc. BXP
- Camden Property Trust CPT
- Digital Realty Trust, Inc. DLR
- Equinix, Inc. EQIX
- Essex Property Trust, Inc. ESS
- Extra Space Storage Inc. EXR
- Invitation Homes Inc. INVH
- Mid-America Apartment Communities, Inc. MAA
- Prologis, Inc. PLD
- Public Storage PSA
- Simon Property Group, Inc. SPG
- Sun Communities, Inc. SUI
- UDR, Inc. UDR
- Ventas, Inc. VTR
- Welltower Inc. WELL
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Mark Parrell (President & Chief Executive Officer), FY2025 total compensation $12,759,187 (base salary $900,000) [exec_comp, SEC accession 0001193125-26-155007, filed 2026-04-14]What this page does not include
Everything above is a fact Equity Residential disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Equity Residential 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 — $299Written 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 — $299Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $299Realizable 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 IntelligenceAdviser 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.
218 figures on this page, cited to the filing that reported them.
218 cited to the filing
Documents cited
- 0001193125-26-155007Grants of Plan-Based Awards in 2025 · Outstanding Equity Awards at December 31 · Summary Compensation Table · TRUSTEE COMPENSATION
- 0001193125-24-281281Exhibit
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This page is free to cite. Attribution we ask for:
Velarion, “Equity Residential executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/EQR (accessed 2026).
Short form: data: Velarion
The Equity Residential brief, $299
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 $449.
2 filings cited on this page
Method: intel.velarion.ai/methodology
If a report fails to generate we keep working until you have it. No refunds on one-time reports.
Published by Velarion Company Intelligence
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Real Estate rankings
Peers Equity Residential discloses
The companies named in EQR's own disclosed peer group.
AvalonBay Communities, Inc.BXP, Inc.Camden Property TrustDigital Realty Trust, Inc.Equinix, Inc.Essex Property Trust, Inc.Extra Space Storage Inc.Invitation Homes Inc.Mid-America Apartment Communities, Inc.Prologis, Inc.Public StorageSimon Property Group, Inc.Sun Communities, Inc.UDR, Inc.Ventas, Inc.Welltower Inc.
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}
}