Elizabeth Holland
About Elizabeth I. Holland
Elizabeth I. Holland, age 59, is an independent director of VICI Properties and has served since January 2018; she is Chair of the Nominating and Governance Committee and a member of the Audit Committee, designated as an audit committee financial expert . Holland is CEO of Abbell Credit Corporation and Abbell Associates, LLC (since 1997) and CEO of Consortial Technologies, LLC; she also serves as an independent trustee of Federal Realty Investment Trust (NYSE: FRT) since January 2017 . Her education includes a J.D. from Brooklyn Law School and a B.A. from Hamilton College; prior experience includes roles in restructuring law (Skadden) and fixed income portfolio management, highlighting finance and governance expertise . The Board has affirmatively determined her independence, with no material relationships and no family relationships among directors or executive officers .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Abbell Credit Corporation; Abbell Associates, LLC | Chief Executive Officer | 1997–present | Executive leadership in real estate; retail real estate expertise |
| Consortial Technologies, LLC | Chief Executive Officer | Not disclosed (current) | Technology company leadership |
| National Bankruptcy Review (Congressional commission) | Senior Staff Attorney | Not disclosed (past) | Bankruptcy code reform recommendations |
| Skadden, Arps, Slate, Meagher & Flom LLP | Restructuring/Business Reorganization Attorney | Not disclosed (past) | Corporate restructuring expertise |
| Fixed income portfolio management | Portfolio Manager | Not disclosed (past) | Capital markets experience |
| International Council of Shopping Centers (ICSC) | Chair; Vice Chair; Board of Trustees | Chair 2016–2017; Vice Chair 2015–2016; Trustee current | Industry leadership; retail real estate network |
| Urban Land Institute (ULI) | Member, CRC Blue Flight Council | Not disclosed (current) | Real estate development network |
External Roles
| Company | Role | Tenure | Public Company Interlock |
|---|---|---|---|
| Federal Realty Investment Trust (NYSE: FRT) | Independent Trustee | Since January 2017 | Yes (1 other public company) |
Board Governance
- Committees and leadership: Holland chairs the Nominating and Governance Committee and is a member of the Audit Committee; both committees are fully independent and, in 2024, held 4 Audit and 4 Nominating/Governance meetings with 100% committee attendance . The Board held 7 meetings in 2024; all directors attended at least 75% of aggregate Board/committee meetings and the 2024 Annual Meeting, with regular executive sessions of non-management directors after each Board meeting .
- Independence: The Board determined Holland (and all non-employee directors) are independent under NYSE standards; committees are entirely independent; Holland is designated an audit committee financial expert .
- Lead independent director: VICI has an independent Chair, and therefore no separate lead independent director; executive sessions are presided by the Chair or, if absent, the Nominating and Governance Committee Chair .
| Committee | 2024 Meetings | 2024 Attendance | Role |
|---|---|---|---|
| Nominating & Governance | 4 | 100% | Chair |
| Audit | 4 | 100% (committee member attendance) | Member; Audit committee financial expert |
Fixed Compensation
| Component (2024) | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $116,000 |
| Stock Awards (Grant Date Fair Value, ASC 718) | $224,000 |
| Total | $340,000 |
Program structure (non-employee directors): Annual retainer $300,000 (~$200,000 restricted stock; ~$100,000 cash); Independent Chair retainer $150,000; Committee retainers: Audit Chair $40,000/member $20,000; Compensation Chair $25,000/member $10,000; Nominating & Governance Chair $20,000/member $10,000; directors may elect cash/equity mix for additional retainers and may defer compensation under a 409A-compliant plan .
Performance Compensation
| Equity Award | Grant Date | Value | Vesting/Term | Notes |
|---|---|---|---|---|
| Annual restricted stock | April 30, 2024 | $200,000 | Annual meeting-to-annual meeting (Apr 30, 2024–Apr 29, 2025) | One-year minimum vesting policy (subject to 5% carve-out) |
- No performance metrics apply to director equity awards; these are time-based restricted stock grants aligned to director terms .
- Robust anti-hedging and anti-pledging policy: directors prohibited from hedging, short selling, trading derivatives on company stock, buying on margin, or pledging company securities .
Other Directorships & Interlocks
| Item | Detail |
|---|---|
| Other public company board count | 1 (FRT) |
| Compensation committee interlocks | None in 2024; no executive officers served on boards/comp committees with interlocks |
Expertise & Qualifications
- Key skills: Finance/Accounting; CEO/Executive Management; Strategic Planning and Leadership; Other Public Company Board Experience; Corporate Governance .
- Audit committee financial expert designation confirms financial oversight competency .
- Industry experience noted in entertainment/lodging/hospitality, REITs/real estate, and technology contexts .
Equity Ownership
| Measure | Value |
|---|---|
| Beneficial Ownership (as of March 3, 2025) | 51,218 shares; <1% of common stock |
| Stock ownership guideline (Non-Employee Directors) | 5x annual base cash retainer; all non-employee directors exceeded requirements as of Dec 31, 2024 |
| Hedging/Pledging | Prohibited for directors |
Recent Insider Transactions (Form 4)
| Transaction Date | Filing Date | Type | Shares Transacted | Post-Transaction Ownership | Source |
|---|---|---|---|---|---|
| 2024-07-01 | 2024-07-03 | Award (Restricted Stock) | 213 | 50,829 | https://www.sec.gov/Archives/edgar/data/1705696/000170569624000092/0001705696-24-000092-index.htm |
| 2024-10-01 | 2024-10-01 | Award (Restricted Stock) | 182 | 51,011 | https://www.sec.gov/Archives/edgar/data/1705696/000170569624000111/0001705696-24-000111-index.htm |
| 2025-07-01 | 2025-07-01 | Award (Restricted Stock) | 186 | 57,787 | https://www.sec.gov/Archives/edgar/data/1705696/000170569625000097/0001705696-25-000097-index.htm |
| 2025-10-01 | 2025-10-03 | Award (Restricted Stock) | 251 | 58,038 | https://www.sec.gov/Archives/edgar/data/1705696/000170569625000123/0001705696-25-000123-index.htm |
Governance Assessment
- Strengths: Independent status; leadership as Nominating & Governance Chair overseeing governance guidelines, conflicts policies, ESG oversight, board composition, and evaluations; 100% committee attendance; audit financial expertise; anti-hedging/pledging policy; robust ownership guidelines with confirmed compliance .
- Compensation alignment: Director pay mix skews toward equity (~66.7% stock), reinforcing alignment; personal 2024 total compensation $340,000 consistent with committee roles and program structure .
- Conflicts/related-party: Board reports no material related-party transactions; related-party policy requires Nominating & Governance Committee review and approval only if in stockholders’ interest; no family relationships; all committees fully independent .
- Shareholder sentiment: Say-on-Pay approval ~96% in 2024, indicating broad support for compensation governance practices; frequency vote supported annual Say-on-Pay (>97%) .
- RED FLAGS: None disclosed—no hedging/pledging, no material related-party transactions, strong attendance; note that Holland’s concurrent CEO role at private real estate firms could present theoretical sector overlap, but the Board has affirmed independence and reports no related-party transactions .
Overall, Holland’s committee leadership, attendance, and policy posture support board effectiveness and investor confidence, with clear safeguards against conflicts and strong alignment via equity-heavy director compensation .