Real Estate
Blackstone Mortgage Trust Executive Compensation (FY25)
BXMT · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Timothy Johnson | Latest say-on-pay support = June 26, 2026 |
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The paid brief on Blackstone Mortgage Trust
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$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of October 18, 2026Latest filing (8-K): June 26, 2026
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Velarion Member, one year
134 figures on this page: 123 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
More on Blackstone Mortgage Trust
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Katharine Keenan → Timothy Johnson
Say-on-pay support: 94.5% → 93.6% (0.9 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Blackstone Mortgage Trust's chief executive and what were they paid?
Total compensation for Timothy Johnson, Chief Executive Officer and Chair of the Board of Directors, came to $1,130,503 in fiscal 2025.
What was Blackstone Mortgage Trust's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.6% of votes cast for or against in favor at the meeting held June 26, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Katharine Keenan Chief Executive Officer, President and Director | — | — | ◇ | — | — | — | — | ◇ |
Anthony Marone Managing Director, Chief Financial Officer, Treasurer and Assistant Secretary | — | — | ◇ | — | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Katharine Keenan Chief Executive Officer, President and Director | — | — | ◇ | — | — | — | — | ◇ |
Anthony Marone Chief Financial Officer, Treasurer and Assistant Secretary | — | — | ◇ | — | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Katharine Keenan Chief Executive Officer, President and Director | — | — | ◇ | — | — | — | — | ◇ |
Anthony Marone Chief Financial Officer, Treasurer and Assistant Secretary | — | — | ◇ | — | — | — | — | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
F. Austin Peña President and Director | — | — | ◇ | — | — | — | — | ◇ |
Katharine Keenan Former Chief Executive Officer and President Departed during or after this year | — | — | ◇ | — | — | — | — | ◇ |
Timothy Johnson Chief Executive Officer and Chair of the Board of Directors | — | — | ◇ | — | — | — | — | ◇ |
Anthony Marone Former Chief Financial Officer, Treasurer and Assistant Secretary Departed during or after this year | — | — | ◇ | — | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Anthony F. Marone Jr | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| F. Austin Peña | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| F. Austin Peña | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Katharine A. Keenan | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Timothy S. Johnson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| F. Austin Peña | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Timothy Johnson | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Katharine Keenan | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Anthony Marone | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Leonard W. Cotton Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Henry N. Nassau | ◇ | ◇ | — | — | — | — | ◇ |
Lynne B. Sagalyn | ◇ | ◇ | — | — | — | — | ◇ |
Nnenna Lynch | ◇ | ◇ | — | — | — | — | ◇ |
Gilda Perez-Alvarado | ◇ | ◇ | — | — | — | — | ◇ |
Michael B. Nash | ◇ | ◇ | — | — | — | — | ◇ |
Jean Hsu | ◇ | ◇ | — | — | — | — | ◇ |
Thomas E. Dobrowski | ◇ | — | — | — | — | — | ◇ |
Katharine A. Keenan, Timothy S. Johnson and F. Austin Peña served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 26, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 27, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 21, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 23, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 16, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | July 7, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 11, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 19, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 20, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 21, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 16, 2016 | = | ◇ | ◇ | ◇ |
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- Timothy Johnson (Chief Executive Officer and Chair of the Board of Directors), FY2025 total compensation $1,130,503 (base salary $0) [exec_comp, SEC accession 0001193125-26-191913, filed 2026-04-29]What this page does not include
Everything above is a fact Blackstone Mortgage Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
134 figures on this page: 123 cited to the filing that reported them, 11 calculated from figures it prints.
123 cited to the filing
11 calculated from the filing
Documents cited
- 0001193125-26-285668Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-26-191913Grants of Plan-Based Awards · Summary Compensation Table · THE ELECTION OF EACH OF THE DIRECTOR NOMINEES NAMED ABOVE. &
- 0001193125-25-151408Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-25-107470
- 0001193125-24-167054Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-24-114005Summary Compensation Table
- 0001193125-23-175070Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-23-122168Summary Compensation Table
- 0001193125-22-176523Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-21-211866Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-167700Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-19-178794Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-18-198269Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-17-211884Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-16-625150Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Blackstone Mortgage Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BXMT (accessed 2026).
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The paid brief for Blackstone Mortgage Trust
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}