How Smith was paid
$7.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Other | Total |
|---|---|---|---|---|---|
| Bryan SmithCEO | $850,000 | $1,556,371 | $5,114,700 | $14,107 | $7,535,178 |
| Chris LauCFO | $700,000 | $1,098,615 | $2,680,400 | $14,106 | $4,493,121 |
| Sara Vogt-LowellCAO/CLO | $550,000 | $863,198 | $1,504,300 | $14,082 | $2,931,580 |
What changed and why
- $7.5MCEO Bryan Smith received total compensation of $7,535,178 for fiscal year 2025 following his promotion.
- 13.3%Base salaries increased by 13.3% for the CEO, 7.9% for the CFO, and 4.8% for the CAO/CLO.
- Long-term equity incentives linked executive compensation directly with Core FFO growth goals and TSR relative to peer companies.
- 95%Shareholders overwhelmingly supported the prior advisory vote on executive compensation with 95% approval.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.