How Pickett was paid
$14M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| C. Taylor PickettChief Executive Officer | $967,000 | $502,407 | $11,248,498 | $1,297,593 | $4,977 | $14,020,475 |
| Matthew P. GourmandPresident | $550,000 | $195,062 | $3,874,997 | $459,938 | $28,124 | $5,108,121 |
| Vikas GuptaChief Investment Officer | $525,000 | $185,969 | $3,162,489 | $439,031 | $27,124 | $4,339,613 |
| Daniel J. BoothFormer Chief Operating Officer | — | — | — | — | $1,044,338 | $1,044,338 |
| Robert O. StephensonChief Financial Officer | $595,000 | $199,431 | $4,437,500 | $497,569 | $28,124 | $5,757,624 |
| Gail D. MakodeChief Legal Officer | $513,000 | $171,004 | $2,432,500 | $428,996 | $28,124 | $3,573,624 |
What changed and why
- $14MCEO total compensation increased to $14,020,475 in 2025 from $13,551,267 in 2024.
- Eighty-eight percent of the CEO target compensation was variable and performance-based.
- 8.4%FAD per share grew 8.4% to $2.96 in 2025 from $2.73 in 2024.
- 23.4%Absolute TSR for the three-year period ended 2025 reached 23.4%, exceeding the high-performance hurdle of 12%.
- Sixty percent of the long-term incentive plan was based on objective TSR performance metrics.
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.