How Johnson was paid
$1.1M 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 | Stock | Total |
|---|---|---|
| Timothy S. JohnsonChief Executive Officer | $1,130,503 | $1,130,503 |
| Katharine A. KeenanFormer Chief Executive Officer and President | $1,171,743 | $1,171,743 |
| Anthony F. Marone, Jr.Former Chief Financial Officer, Treasurer and Assistant Secretary | $298,062 | $298,062 |
| F. Austin PeñaPresident | $1,293,171 | $1,293,171 |
What changed and why
- Named executive officers received no cash compensation from the company because it is externally managed by Blackstone.
- Executive compensation consisted solely of restricted share awards of class A common stock.
- Timothy S. Johnson was elected as chief executive officer effective November 10, 2025, succeeding Katharine A. Keenan.
- $2.7MAffiliates of the manager paid aggregate base salary, cash bonus, and incentive fee participation of $2.7 million during fiscal 2025.
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.