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Blackstone Mortgage Trust Executive Compensation (FY25)

BXMT · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 26, 2026
124 figures on this page: 113 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
The compensation disclosed runs fiscal 2022 through fiscal 2025. Separately, the fiscal 2025 disclosure covers 4 named executive officers, and total compensation for Timothy Johnson, Chief Executive Officer and Chair of the Board of Directors, came to $1,130,503 in fiscal 2025. 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.
Chief executive, fiscal 2025
◇
Timothy Johnson
Latest say-on-pay support
=
June 26, 2026
This company is not required to report a chief executive pay ratio.
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katharine Keenan
Chief Executive Officer, President and Director
——◇————◇
Anthony Marone
Managing Director, Chief Financial Officer, Treasurer and Assistant Secretary
——◇————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katharine Keenan
Chief Executive Officer, President and Director
——◇————◇
Anthony Marone
Chief Financial Officer, Treasurer and Assistant Secretary
——◇————◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katharine Keenan
Chief Executive Officer President and Director
——◇————◇
Anthony Marone
Chief Financial Officer Treasurer and Assistant Secretary
——◇————◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anthony F. Marone JrRSU◇——◇——◇
F. Austin PeñaRSU◇——◇——◇
F. Austin PeñaRSU◇——◇——◇
Katharine A. KeenanRSU◇——◇——◇
Timothy S. JohnsonRSU◇——◇——◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Anthony MaroneRSU◇◇——
RSU◇◇——
RSU◇◇——
Katharine KeenanRSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
◇—————◇
F. Austin Peña, Katharine A. Keenan and Timothy S. Johnson 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◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance member◇
Equity is delivered as Deferred Stock Units/Restricted Stock.
Stock ownership guideline: 5x annual cash retainer

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.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 26, 2026=◇◇◇
2024June 27, 2025=◇◇◇
2023June 21, 2024=◇◇◇
2022June 23, 2023=◇◇◇
2021June 16, 2022=◇◇◇
2020July 7, 2021=◇◇◇
2019June 11, 2020=◇◇◇
2018June 19, 2019=◇◇◇
2017June 20, 2018=◇◇◇
2016June 21, 2017=◇◇◇
2015June 16, 2016=◇◇◇
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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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser 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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
124 figures on this page: 113 cited to the filing that reported them, 11 calculated from figures it prints.
113 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-285668
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-191913
    Grants of Plan-Based Awards · Outstanding Equity Awards at December 31, 2025 · Summary Compensation Table · THE ELECTION OF EACH OF THE DIRECTOR NOMINEES NAMED ABOVE. &
  3. 0001193125-25-151408
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-107470
    Summary Compensation Table
  5. 0001193125-24-167054
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-114005
    Summary Compensation Table
  7. 0001193125-23-175070
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-122168
    Summary Compensation Table
  9. 0001193125-22-176523
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-211866
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-20-167700
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-178794
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-18-198269
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-17-211884
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-16-625150
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Blackstone Mortgage Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BXMT (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy