Terreno Realty (TRNO) executive compensation, 2026 proxy

W. Blake Baird, Chairman and Chief Executive Officer, Co-Founder, was paid $5.4M in 2025, up 2% from $5.3M the year before. The CEO-to-median-employee pay ratio was 17:1, on median employee pay of $314,660.

Filed
March 20, 2026
Annual meeting
May 5, 2026
Pay year
2025
Named executives
4
CEO total pay
$5.4M+2% vs prior year
CEO to median employee
17:1median $314,660
CEO pay in equity
85%$4.6M in awards
Pay Ratio
17.2:1CEO to median employee compensation ratio
Median Employee Pay
$314,660Annual total compensation
CEO Salary
$800,000For each co-founder
CFO Total Compensation
$2,857,084Jaime J. Cannon total
COO Total Compensation
$2,857,084John T. Meyer total

How Baird was paid

$5.4M 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.

Salary15%Stock awards85%All other compensation0%

Named executive officers

ExecutiveTotal
W. Blake BairdChairman and Chief Executive Officer, Co-Founder$5,413,998
Michael A. CokePresident, Co-Founder$5,413,998
Jaime J. CannonExecutive Vice President and Chief Financial Officer$2,857,084
John T. MeyerExecutive Vice President and Chief Operating Officer$2,857,084

What changed and why

  • W. Blake Baird and Michael A. Coke served jointly as co-CEOs with identical compensation packages.
  • $5.4MCEO total compensation increased to $5,413,998 for fiscal year 2025.
  • The company does not maintain an annual cash incentive bonus plan for the co-CEOs.
  • Long-term incentive awards were granted based on relative total shareholder return performance metrics.
  • Restricted stock awards granted in 2025 vest in full on the fifth anniversary of the grant date.

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.