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Copt Defense Properties Executive Compensation (FY25)

CDP · Columbia, MD · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 20, 2026
215 figures on this page: 204 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Stephen Budorick
Latest say-on-pay support
=
May 14, 2026
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 total compensation — Stephen Budorick: $7,576,091 → $7,582,340 (0.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Copt Defense Properties' chief executive and what were they paid?
Total compensation for Stephen Budorick, President + Chief Executive Officer, came to $7,582,340 in fiscal 2025. Compared with the $7,576,091 reported for fiscal 2024, Budorick's total was 0.1% higher.
What was Copt Defense Properties' say-on-pay result?
The say-on-pay proposal drew 96.8% support at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Copt Defense Properties' peer group?
The disclosed peer group names American Assets Trust, Inc., Brandywine Realty Trust, Cousins Properties Incorporated, Douglas Emmett, Inc. and Easterly Government Properties, Inc., among others.

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
Stephen Budorick
President + CEO
◇—◇—◇—◇◇
Anthony Mifsud
EVP + CFO
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Budorick
President + CEO
◇—◇—◇—◇◇
Anthony Mifsud
EVP + CFO
◇—◇—◇—◇◇
Britt Snider
EVP + COO
◇—◇—◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Budorick
President + CEO
◇—◇—◇—◇◇
Anthony Mifsud
EVP + CFO
◇—◇—◇—◇◇
Britt Snider
EVP + COO
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Budorick
President + Chief Executive Officer
◇—◇—◇—◇◇
Anthony Mifsud
Executive Vice President + Chief Financial Officer
◇—◇—◇—◇◇
Britt Snider
Executive Vice President + Chief Operating Officer
◇—◇—◇—◇◇
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 MifsudRSU◇——◇——◇
Anthony MifsudPSU◇◇◇—◇—◇
Britt A. SniderPSU◇◇◇—◇—◇
Britt A. SniderRSU◇——◇——◇
Stephen E. BudorickPSU◇◇◇—◇—◇
Stephen E. BudorickRSU◇——◇——◇
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
Britt SniderRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Anthony MifsudRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen BudorickRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert L. Denton, Sr
Board chair
◇◇————◇
Lisa G. Trimberger
◇◇————◇
Letitia A. Long
◇◇————◇
C. Taylor Pickett
—◇————◇
Philip L. Hawkins
—◇————◇
Essye B. Miller
◇◇————◇
Raymond L. Owens
◇◇————◇
Thomas F. Brady
◇—————◇
Stephen E. Budorick 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◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇
Equity is delivered as RSs, deferred share awards or time-based profit interest units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Assets Trust, Inc. AAT
  • Brandywine Realty Trust BDN
  • Cousins Properties Incorporated CUZ
  • Douglas Emmett, Inc. DEI
  • Easterly Government Properties, Inc. DEA
  • Empire State Realty Trust, Inc. ESRT
  • First Industrial Realty Trust, Inc. FR
  • Highwoods Properties, Inc. HIW
  • Hudson Pacific Properties, Inc. HPP
  • JBG Smith Properties JBGS
  • Kilroy Realty Corporation KRC
  • LXP Industrial Trust LXP
  • Piedmont Office Realty Trust, Inc. PDM
  • STAG Industrial, Inc. STAG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇
2016May 11, 2017=◇◇◇
2015May 12, 2016=◇◇◇
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What this page does not include

Everything above is a fact Copt Defense Properties disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Copt Defense Properties sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
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.
215 figures on this page: 204 cited to the filing that reported them, 11 calculated from figures it prints.
204 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000860546-26-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000860546-26-000017
    Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at December 31, 2025 · Summary Compensation Table · and 1 more section
  3. 0000860546-25-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000860546-25-000015
    Summary Compensation Table
  5. 0000860546-24-000043
  6. 0000860546-24-000021
    Summary Compensation Table
  7. 0000860546-23-000023
  8. 0001104659-23-038813
    Summary Compensation Table
  9. 0000860546-22-000030
  10. 0000860546-21-000030
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000860546-20-000022
    Say-on-Pay Proposal
  12. 0001104659-19-028641
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000860546-18-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000860546-17-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000860546-16-000079
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Copt Defense Properties executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CDP (accessed 2026).
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Real Estate rankings

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

Peers Copt Defense Properties discloses

The companies named in CDP's own disclosed peer group.

American Assets Trust, Inc.Brandywine Realty TrustCousins Properties IncorporatedDouglas Emmett, Inc.Easterly Government Properties, Inc.Empire State Realty Trust, Inc.First Industrial Realty Trust, Inc.Highwoods Properties, Inc.Hudson Pacific Properties, Inc.JBG Smith PropertiesKilroy Realty CorporationLXP Industrial TrustPiedmont Office Realty Trust, Inc.STAG Industrial, Inc.

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}
}
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