How II was paid
$1.3M 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 | Bonus | Stock | Pension | Other | Total |
|---|---|---|---|---|---|---|
| B. Francis Saul IIChairman and Chief Executive Officer | $125,000 | $25,000 | $1,010,225 | $93,139 | $9,000 | $1,262,364 |
| D. Todd PearsonPresident and Chief Operating Officer | $1,101,469 | $172,500 | $883,947 | $20,091 | $88,835 | $2,266,842 |
| Carlos L. HeardSenior Vice President - Chief Financial Officer | $547,186 | $83,250 | $101,023 | $5,342 | $50,376 | $787,177 |
| John F. CollichSenior Vice President-Chief Acquisitions and Development Officer | $521,219 | $78,413 | $75,767 | $47,736 | $48,457 | $771,592 |
| Zachary M. FriedlisSenior Vice President- Retail Leasing | $514,593 | $78,000 | $75,767 | $1,953 | $84,082 | $754,395 |
What changed and why
- $1.4MCEO total compensation decreased from $1,384,835 in 2024 to $1,262,364 in 2025.
- Officer restricted stock awards are divided equally between time-vested and performance-based awards.
- Time-vested restricted share awards granted to officers vest annually over five years.
- Performance-based restricted stock awards vest on the fifth anniversary of the grant date.
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.