Copt Defense Properties (CDP) executive compensation, 2026 proxy

Stephen E. Budorick, President + CEO, was paid $7.6M in 2025, flat from $7.6M the year before. The CEO-to-median-employee pay ratio was 60:1, on median employee pay of $126,643.

Filed
March 30, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
3
CEO total pay
$7.6Mflat vs prior year
CEO to median employee
60:1median $126,643
CEO pay in equity
67%$5.1M in awards
Prior say-on-pay support
96%of votes cast
CEO Total Compensation
$7,582,340Reported in Summary Compensation Table
CEO Pay Ratio
59.9:1Compared to median employee
Median Employee Compensation
$126,643Based on 429 employees
Say-on-Pay Support
96.4%At 2025 annual meeting

How Budorick was paid

$7.6M 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.

Salary11%Stock awards67%Non-equity incentive22%All other compensation0%

Named executive officers

ExecutiveTotal
Stephen E. BudorickPresident + CEO$7,582,340
Britt A. SniderEVP + COO$2,567,605
Anthony MifsudEVP + CFO$3,037,298

What changed and why

  • $7.6MStephen E. Budorick received total compensation of $7,582,340 in 2025, compared to $7,576,091 in 2024.
  • 96.4%Shareholders overwhelmingly supported the 2025 say-on-pay proposal by casting 96.4% of votes in favor.
  • 60%LTIP awards are structured such that 60% are performance-based and 40% are time-based awards.
  • $127KThe CEO to median employee pay ratio for 2025 was 59.9 to 1 with median employee pay at $126,643.

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.