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Curbline Properties Corp.

CURB · FY2025

ALIGNED

CEO Package

$3.3M

Pay Ratio

—

David R. Lukes

Pay reset -87.5% while TSR improved +3.0 pts

Cushman & Wakefield Ltd.

CWK · FY2025

ALIGNED

CEO Package

$9.5M

Pay Ratio

—

Michelle Mackay

Pay reset -2.2% while TSR improved +2.7 pts

Kennedy-Wilson Holdings, Inc.

KW · FY2025

MIXED

CEO Package

$14.6M

Pay Ratio

—

William J. McMorrow

Awaiting a fuller pay-performance history

CEOTotal Compensation — All Companies

CURB$3.3MCWK$9.5MKW$14.6M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

KW carries the largest package at $14.6M, about 4.4x CURB.
KW reads mixed, while CURB looks aligned.
KW is the most equity-heavy package, while CURB leans hardest on non-equity incentive compensation.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

CURB

David R. Lukes

$3.3M

base salary2%
stock awards24%
non-equity incentive compensation73%
other compensation1%

CWK

Michelle Mackay

$9.5M

base salary13%
stock awards60%
non-equity incentive compensation26%
other compensation0%

KW

William J. McMorrow

$14.6M

base salary10%
stock awards60%
non-equity incentive compensation20%
other compensation10%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Curbline Properties Corp.(CURB)David R. Lukes2025$3.3M
Cushman & Wakefield Ltd.(CWK)Michelle Mackay2025$9.5M
Kennedy-Wilson Holdings, Inc.(KW)William J. McMorrow2025$14.6M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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