Piedmont Realty Trust (PDM) executive compensation, 2026 proxy

C. Brent Smith, President & Chief Executive Officer, was paid $5.8M in 2025, up 1% from $5.7M the year before. The CEO-to-median-employee pay ratio was 39:1, on median employee pay of $146,772.

Filed
March 18, 2026
Annual meeting
May 12, 2026
Pay year
2025
Named executives
5
CEO total pay
$5.8M+1% vs prior year
CEO to median employee
39:1median $146,772
CEO pay in equity
65%$3.8M in awards
Prior say-on-pay support
96%of votes cast
CEO Stock Awards
$3,766,342Grant date fair value
CEO Non-Equity Incentive
$1,250,000Short-term incentive earned
Say-on-Pay Support
96%Prior year approval
STIC Achievement
113%Percentage of target achieved

How Smith was paid

$5.8M 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.

Salary12%Stock awards65%Non-equity incentive22%All other compensation1%

Named executive officers

ExecutiveTotal
C. Brent SmithPresident & Chief Executive Officer$5,757,342
Sherry L. RexroadEVP & Chief Financial Officer$2,161,043
Christopher A. KollmeEVP, Investments$1,290,348
Laura P. MoonEVP & Chief Accounting Officer$908,826
George M. WellsEVP & Chief Operating Officer$1,820,561

What changed and why

  • $5.8MCEO total compensation increased to $5,757,342 for fiscal year 2025 compared to $5,698,958 in 2024.
  • 60%Approximately 60% of our chief executive officer pay opportunity is performance-based and at risk.
  • 96%Stockholders approved the 2024 say-on-pay proposal with approximately 96% support.
  • 113%Short-term incentive plan payouts for 2025 achieved approximately 113% of target.
  • 146%Total stockholder return for the 2023-2025 performance period ranked at the 62nd percentile resulting in a 146% payout.

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.