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Company Executives

Officer Age In this role Joined 2025 pay Source
Christopher J. Bilotto Also a director
President and CEO
Title from the Form 4 dated Sep 17, 2026
48 Since 2024
2 years
Not stated $448,520
Matthew C. Brown
CFO and Treasurer
Title from the Form 4 dated Sep 17, 2026
44 Since 2023
3 years
Not stated $162,137

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
7
serving now
Independent
5 of 5
stated in the proxy; 2 not stated
Average tenure
7.9 years
from year joined
CEO also chairs the board
No
Adam Portnoy
Director Age On board Independent Committees Other public boards 2025 pay Source
Adam Portnoy
55 2007
19 years
Not stated None stated Service Properties Trust $95,000
Christopher J. Bilotto
48 2024
2 years
Not stated None stated Service Properties Trust $95,000
Lisa Harris Jones
58 2015
11 years
Independent
Audit Compensation Nominating and Governance
Industrial Logistics Properties Trust $197,500
Alan Felder
54 2025
1 year
Independent
Audit Compensation
None stated $286,301
Phyllis M. Hollis
70 2023
3 years
Independent
Audit Compensation · Chair
None stated $195,000
Dawn K. Neher
69 2024
2 years
Independent
Audit · Chair Compensation
None stated $200,000
Jeffrey P. Somers
83 2009
17 years
Independent
Audit Compensation Nominating and Governance · Chair
Office Properties Income Trust $205,000

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

9 disclosed in the proxy filed Mar 19, 2026
Five Star
operating division of AlerisLife
Approximately $36.2 million
year ended December 31, 2025

Management fees payable to Five Star under the Master Management Agreement for senior living communities

With Five Star Open in proxy
AlerisLife
$17.0 million
February 14, 2025

Cash dividends received by us as a holder of AlerisLife common shares, February 2025

With AlerisLife Open in proxy
RMR
RMR Inc. is the managing member of RMR; RMR provides our management services
Approximately $15.8 million
year ended December 31, 2025

Net business management fees under our business management agreement with RMR

With RMR Open in proxy
RMR
RMR Inc. is the managing member of RMR; RMR provides our management services
$17.9 million
year ended December 31, 2025

Incentive management fee payable to RMR under business management agreement

With RMR Open in proxy
RMR
RMR Inc. is the managing member of RMR; RMR provides our management services
Approximately $5.9 million
year ended December 31, 2025

Net property management and construction supervision fees under property management agreement with RMR

With RMR Open in proxy
RMR
Approximately $13.1 million
year ended December 31, 2025

Reimbursement to RMR for operating expenses and costs incurred on our behalf

With RMR Open in proxy
officers and other employees of RMR
officers and employees of RMR, which provides our management services
Approximately $4.1 million
2025

Annual share awards of Common Shares to officers and other employees of RMR

RMR
RMR Inc. is the managing member of RMR; RMR provides our management services
Approximately $0.4 million
year ended December 31, 2025

Rental income from RMR under leases of office space for its property management offices

With RMR Open in proxy
RMR Inc. and certain other RMR Clients
RMR Inc. is the managing member of RMR; participants in combined directors and officers liability insurance policy
$0.4 million
policy years ending September 30, 2023, 2024 and 2025

Premiums paid under a combined directors and officers liability insurance policy shared with RMR Inc. and other RMR Clients

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