PAY VERSUS PERFORMANCE DISCLOSURE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, the following table is intended to illustrate compensation “actually paid” to our principal executive officer (“PEO”) and the other named executive officers (“NEOs”) for each of the fiscal years ended October 31, 2024, 2023 and 2022, in each case, as compared to (i) our cumulative total shareholder return (“TSR”) performance and (ii) net income. Since the stock awards granted on March 22, 2024 and March 9, 2023 to Robert Hekemian, Jr. and John A. Aiello were fully vested on the date of the grant, there are no differences in our Summary Compensation Table amounts and compensation actually paid for the PEO and NEOs.
For additional information on our compensation programs and philosophy and how we design our compensation programs to align pay with performance, see the section titled “Compensation Discussion and Analysis” on pages 14 – 19.
| Fiscal Year | | Summary
Compensation
Table Total for
PEO(1) | | Compensation
Actually Paid
to PEO(1) | | Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(2) | | Average
Compensation
Actually Paid to
Non-PEO
NEOs(2) | | Value of $100
Fixed Investment
Based on
Total Shareholder
Return (TSR) | | Net Income
(in thousands)(3) | | 2024 | | $ | 680,000 | | $ | 680,000 | | $ | 87,500 | | $ | 87,500 | | $ | 140.51 | | $ | 15,852 | | 2023 | | $ | 643,644 | | $ | 643,644 | | $ | 84,978 | | $ | 84,978 | | $ | 130.77 | | $ | 760 | | 2022 | | $ | 830,779 | | $ | 830,779 | | $ | 79,000 | | $ | 79,000 | | $ | 124.62 | | $ | 45,992 |
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