How Busch 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.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Daniel J. BuschPresident and Chief Executive Officer | $950,000 | $4,627,084 | $2,012,813 | $7,347 | $7,597,244 |
| Christy L. DavidExecutive Vice President, Chief Operating Officer, General Counsel and Secretary | $575,000 | $1,610,377 | $925,750 | $7,322 | $3,118,449 |
| Michael D. PhillipsExecutive Vice President, Chief Financial Officer and Treasurer | $525,000 | $1,470,320 | $845,250 | $7,277 | $2,847,847 |
| Lauren E. SuvaExecutive Vice President, Chief Administrative Officer | $300,000 | $365,294 | $357,000 | $7,076 | $1,029,370 |
What changed and why
- $7.6MChief Executive Officer Daniel J. Busch received total compensation of $7,597,244 in 2025.
- 94.81%Stockholders approved the prior say-on-pay proposal with 94.81% support.
- Annual cash bonuses were earned based on individual performance, Core FFO per share, and Same Property NOI growth.
- Performance-vesting RSU awards were tied to relative total shareholder return within the NAREIT SCI.
- The ratio of the CEO annual total compensation to the median employee pay was 53 to 1.
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.