Real Estate

Orion Properties Executive Compensation (FY25)

Name: Orion Properties (ONL) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

ONL · Phoenix, AZ · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Paul McDowell

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Data as of October 22, 2026Latest filing (DEF 14A): March 20, 2026

3 filings cited on this page

Method: intel.velarion.ai/methodology

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Published by Velarion Company Intelligence

Orion Properties brief$1,500Get the executive brief

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91 figures on this page, cited to the filing that reported them. See the citations

This company is not required to report a chief executive pay ratio.

Frequently asked questions

Answers drawn from the data on this page.

Who is Orion Properties' chief executive and what were they paid?

Paul McDowell, Chief Executive Officer, President and Director, received $2,080,319 in total compensation for fiscal 2025. Compared with the $3,952,248 reported for fiscal 2024, McDowell's total was 47.4% lower.

What was Orion Properties' say-on-pay result?

As an emerging growth company, the company is exempt from the advisory say-on-pay vote.

Which companies are in Orion Properties' peer group?

The disclosed peer group includes Brandywine Realty Trust, City Office REIT, Inc., Easterly Government Properties, Inc., Getty Realty Corp. and Global Medical REIT Inc., among others.

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
Paul McDowell Chief Executive Officer, President	◇	—	◇	—	◇	—	◇	◇
Gavin Brandon Executive Vice President (EVP), Chief Financial Officer and Treasurer	◇	—	◇	—	◇	—	◇	◇
Gary Landriau EVP, Chief Investment Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Paul McDowell Chief Executive Officer, President and Director	◇	—	◇	—	◇	—	◇	◇
Gavin Brandon Executive Vice President, Chief Financial Officer and Treasurer	◇	—	◇	—	◇	—	◇	◇
Gary Landriau Executive Vice President, Chief Investment Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Paul McDowell Chief Executive Officer, President and Director	◇	—	◇	—	◇	—	◇	◇
Gavin Brandon Executive Vice President, Chief Financial Officer and Treasurer	◇	—	◇	—	◇	—	◇	◇
Paul Hughes General Counsel and Secretary	◇	—	◇	—	◇	—	◇	◇

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
Gavin B. Brandon	PSU	◇	—	—	—	◇	—	—
Gavin Brandon	PRSU	—	—	—	—	—	—	◇
Paul H. McDowell	PSU	◇	—	—	—	◇	—	—
Paul Hughes	PRSU	—	—	—	—	—	—	◇
Paul McDowell	PRSU	—	—	—	—	—	—	◇

Fiscal 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
Paul McDowell	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Gavin Brandon	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Paul Hughes	PSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Gavin Brandon

Executive Vice President, Chief Financial Officer and Treasurer · Employment agreement

Severance multiple

◇

Paul Hughes

General Counsel and Secretary · Employment agreement

Severance multiple

◇

Paul McDowell

Chief Executive Officer, President and Director · Employment agreement

Severance multiple

◇

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
Reginald H. Gilyard Board chair	◇	◇	—	—	—	◇	◇
Richard J. Lieb	◇	◇	—	—	—	◇	◇
Gregory J. Whyte	◇	◇	—	—	—	◇	◇
Kathleen R. Allen	◇	◇	—	—	—	◇	◇

Paul H. McDowell 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	◇
Board chair premium	◇
Audit committee chair	◇
Compensation committee chair	◇
Nominating and governance chair	◇
Board meeting fee	◇
Committee meeting fee	◇

Stock ownership guideline: Each non-employee director of the Company is required to own common stock of the Company with a value of at least five times the individual’s annual cash retainer.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Brandywine Realty Trust BDN
City Office REIT, Inc. CIO
Easterly Government Properties, Inc. DEA
Getty Realty Corp. GTY
Global Medical REIT Inc. symbol not shown
LTC Properties, Inc. LTC
NETSTREIT Corp. NTST
One Liberty Properties, Inc. OLP
Plymouth Industrial REIT, Inc. PLYM
Postal Realty Trust, Inc. PSTL
Summit Hotel Properties, Inc. INN

Say-on-pay history

Shareholder support for the compensation program, by year.

This company is an emerging growth company and is exempt from the advisory vote on executive compensation. There is no vote to report.

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Sample answer — “What is the CEO’s total compensation?”

- Paul McDowell (Chief Executive Officer, President and Director), FY2025 total compensation $2,080,319 (base salary $584,000) [exec_comp, SEC accession 0001873923-26-000073, filed 2026-03-20]

What this page does not include

Everything above is a fact Orion Properties disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Orion 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 — $499

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.

91 figures on this page, cited to the filing that reported them.

91 cited to the filing

Documents cited

DEF 14A, filed March 20, 2026
0001873923-26-000073
COMPENSATION OF THE BOARD OF DIRECTORS · DIRECTOR COMPENSATION TABLE FOR 2025 · EQUITY COMPENSATION · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END · and 3 more sections
DEF 14A, filed March 21, 2025
0001873923-25-000058
SUMMARY COMPENSATION TABLE
DEF 14A, filed March 24, 2023
0001873923-23-000026
SUMMARY COMPENSATION TABLE

Cite this data

This page is free to cite. Attribution we ask for:

Velarion, “Orion Properties executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ONL (accessed 2026).

Short form: data: Velarion

The paid brief for Orion Properties

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

From $499 for the board report; $2,400 for both.

Get the executive brief Get the board briefNo account needed.

3 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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Real Estate rankings

Chief executive pay — Real Estate CEO pay ratio — Real Estate Say-on-pay support — Real Estate

Peers Orion Properties discloses

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

Brandywine Realty Trust City Office REIT, Inc.Easterly Government Properties, Inc.Getty Realty Corp.LTC Properties, Inc.NETSTREIT Corp.One Liberty Properties, Inc.Plymouth Industrial REIT, Inc.Postal Realty Trust, Inc.Summit Hotel Properties, Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}

More on Orion Properties

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Velarion Pro: every company page, peer tools and exports, one seat

What this page does not include

Citations

Documents cited

The paid brief for Orion Properties

Real Estate rankings

Peers Orion Properties discloses

Terms on this page