AMREP CORP. Awards Cash Bonuses and Restricted Shares to CEO and CFO

What Happened
AMREP CORP. announced on July 13, 2026 that it awarded executive compensation to its CEO and CFO. Christopher V. Vitale, President and CEO, received a $178,000 cash bonus and 8,700 restricted shares under the AMREP Corporation 2016 Equity Compensation Plan. Adrienne M. Uleau, CFO and Vice President, received a $64,000 cash bonus and 2,250 restricted shares under the same plan. The restricted shares vest in three equal annual installments (2027–2029) and are subject to continued employment on each vesting date. The company also approved salary increases effective July 27, 2026: Mr. Vitale’s salary was set to $395,000 and Ms. Uleau’s to $205,000.

Key Details

• Award date: July 13, 2026; plan: AMREP Corporation 2016 Equity Compensation Plan.
• CEO Christopher V. Vitale: $178,000 cash bonus + 8,700 restricted shares (vest 2,900 on July 13 of 2027, 2028, 2029).
• CFO Adrienne M. Uleau: $64,000 cash bonus + 2,250 restricted shares (vest 750 on July 13 of 2027, 2028, 2029).
• Salary increases effective July 27, 2026: Vitale to $395,000; Uleau to $205,000.

Why It Matters
These filings show AMREP’s board approved retention and compensation actions for its top executives, combining immediate cash bonuses with multi-year equity vesting tied to continued service. Together the awards total 10,950 restricted shares that could vest over 2027–2029 (subject to employment) and represent a near-term increase in executive pay run-rate after the July 27 salary changes. For investors, this is relevant because executive compensation affects corporate cash outflows and potential share-based dilution, and signals the company’s commitment to retaining its CEO and CFO.