Jack Corrigan
About Jack Corrigan
Jack Corrigan (age 64) serves as a trustee of AMH and is the company’s retired Chief Investment Officer; he has been on the Board since 2012 and holds a B.S. from Loyola Marymount University . His background includes deep expertise in residential and commercial real estate, large-scale portfolio management, treasury/capital allocation, and he is cited as the architect of AMH Development’s homebuilding arm .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| AMH | Chief Investment Officer | 2012–2022 | Architect of AMH Development homebuilding arm |
| AMH | Chief Operating Officer | 2012–2019 | Operational leadership |
| American Homes 4 Rent Advisor, LLC (former manager) | Chief Operating Officer | Not disclosed | Management of external manager |
| A&H Property and Investments | Chief Executive Officer | Not disclosed | Real estate investment leadership |
| PS Business Parks Inc. (formerly NYSE: PSB) | Chief Financial Officer | Not disclosed | Public REIT finance oversight |
| LaRue, Corrigan & McCormick | Partner | Not disclosed | Finance/accounting expertise |
| Storage Equities, Inc. | Controller | Not disclosed | Financial control |
| Arthur Young & Company | Not specified | Not disclosed | Early career in accounting |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Public company directorships | None listed for Corrigan in proxy biography | — | — |
Board Governance
- Independence: The Board determined in February 2025 that Jack Corrigan is not independent under NYSE rules (along with CEO Bryan Smith); all other trustees and all committee members are independent .
- Committee assignments: No current committee memberships are listed for Corrigan in the 2025 proxy’s nominee table (others list Audit, Human Capital & Compensation, Nominating & Corporate Governance) .
- Attendance: In 2024, the Board held 5 meetings and committees held 13; all trustees attended at least 75% of the meetings of the Board and committees on which they served .
- Executive sessions: Non-management trustees meet in executive session regularly, generally before or after each Board meeting; independent trustees also meet separately at least once annually .
- Board leadership: AMH has an independent Chairperson (Matthew Hart) .
- Governance safeguards: Anti-hedging and anti-pledging policies, clawback policy for executive performance-based pay, robust share ownership guidelines, and majority voting for trustees in uncontested elections are in place .
Fixed Compensation
| Component | Amount | Details |
|---|---|---|
| Annual cash retainer | $80,000 | Corrigan is not shown on Board committees; committee chair/member fees would be additive but are not applicable |
| Equity (RSUs, grant-date fair value) | $150,000 | RSUs valued at $36.07 per share on May 10, 2024; vest in full one year from grant (May 10, 2025) |
| Total | $230,000 | Sum of cash and stock awards |
| Reimbursement | Not quantified | Reasonable out-of-pocket expenses reimbursed; no meeting fees disclosed |
Performance Compensation
| Performance Metric or Condition | Status | Notes |
|---|---|---|
| Director pay tied to financial/ESG/TSR metrics | None disclosed for directors | Annual director RSUs are time-based only, vesting one year from grant; no performance conditions stated |
| Clawback on director equity | Not specified for trustees | Clawback policy applies to executive officers and certain covered roles, per SEC/NYSE requirements |
Other Directorships & Interlocks
| Company | Role | Overlap/Interlock | Notes |
|---|---|---|---|
| — | — | — | No current public company boards listed for Corrigan in proxy biography |
- Related-party transactions (potential conflicts): Corrigan’s brother-in-law, Tom Maloney, is an AMH employee (2024 compensation $256,000), and Corrigan’s daughter, Kelly Corrigan, is an AMH employee (2024 compensation $141,919); both transactions were approved under AMH’s Related Party Transaction Policy .
Expertise & Qualifications
- Executive leadership, real estate/REIT expertise, treasury/capital allocation, finance/accounting/auditing, risk assessment/management, investor relations, capital markets, human capital management, consumer experience; Corrigan’s biography explicitly highlights these qualifications .
Equity Ownership
| Holder | Common Shares Beneficially Owned | Common Shares + OP Units Beneficially Owned | Ownership % of Common | Ownership % incl. OP Units |
|---|---|---|---|---|
| Jack Corrigan | 196,031 | 896,031 | <1.0% | <1.0% |
| Unvested RSUs as of 12/31/2024 | 4,159 RSUs | Vesting May 10, 2025 | — | — |
- Director stock ownership guidelines: Non-management trustees must hold AMH Class A common shares and equivalents equal to 5× the prior-year annual cash retainer (excluding committee fees); all trustees are in compliance .
- Anti-hedging/anti-pledging: Trustees are prohibited from hedging and from any new pledges of company securities; only a grandfathered pledge is disclosed for David Singelyn, not Corrigan .
Governance Assessment
- Independence and committee roles: Corrigan is not independent under NYSE rules and is not listed on Board committees, limiting his eligibility for Audit/Human Capital & Compensation/Nominating roles that require independence; this constrains direct influence through committee oversight .
- Attendance and engagement: Board-wide attendance exceeded the 75% threshold in 2024, indicating baseline engagement; executive sessions provide venues for independent oversight separate from management .
- Alignment and ownership: Corrigan’s reported holdings (196,031 shares; 896,031 including OP units) demonstrate skin-in-the-game, and the Board confirms compliance with director ownership guidelines targeted at 5× cash retainer .
- Compensation mix: Director pay is balanced between cash and time-based RSUs with annual vesting—no performance metrics attached—reducing incentive alignment with performance outcomes but aligning with standard REIT director practices; no meeting fees disclosed, and committee fees do not apply to Corrigan .
- Conflicts and related parties: Family employment ties present perceived conflict risk; AMH’s policy requires review/approval of such transactions, and the proxy states these were approved. Still, this is a monitoring point for investors given visibility into compensation amounts .
RED FLAGS
- Not independent; reduced eligibility for key oversight committees requiring independence .
- Related-party exposure via family employment and compensation; although approved under policy, it warrants continued monitoring for potential influence or favoritism .
POSITIVE SIGNALS
- Significant real estate and capital allocation expertise, including foundational role in AMH’s development arm, adds domain depth to Board deliberations .
- Compliance with share ownership guidelines and anti-hedging/anti-pledging policies supports alignment and discipline .
- Board structure features independent chair, executive sessions, majority voting, and clawback policy for executives—strengthening overall governance .