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Piedmont Realty Trust Executive Compensation (FY25)

PDM · Atlanta, GA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 12, 2026
291 figures on this page: 280 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
C. Brent Smith, President & Chief Executive Officer, received $5,757,342 in total compensation for fiscal 2025, and Smith's total was 1.0% higher than the $5,698,958 reported for fiscal 2024. The company reported a chief executive pay ratio of 39:1 for fiscal 2025, against median employee compensation of $146,772. For fiscal 2025, shareholders backed the say-on-pay proposal with 97.6% of votes cast for or against in favor at the meeting held May 12, 2026. The disclosed peer group names Acadia Realty Trust, AH Realty Trust, Brandywine Realty Trust, COPT Defense Properties and Cousins Properties Incorporated, among others.
Chief executive, fiscal 2025
◇
C. Brent Smith
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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 — C. Brent Smith: $5,698,958 → $5,757,342 (1.0% higher)
Say-on-pay support: 95.9% → 97.6% (1.7 points higher)
CEO pay ratio: 40:1 → 39:1 (2.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Piedmont Realty Trust's chief executive and what were they paid?
C. Brent Smith, President & Chief Executive Officer, received $5,757,342 in total compensation for fiscal 2025. Smith's total was 1.0% higher than the $5,698,958 reported for fiscal 2024.
What was Piedmont Realty Trust's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.6% of votes cast for or against in favor at the meeting held May 12, 2026.
Which companies are in Piedmont Realty Trust's peer group?
The disclosed peer group names Acadia Realty Trust, AH Realty Trust, Brandywine Realty Trust, COPT Defense Properties and Cousins Properties Incorporated, among others.
What is Piedmont Realty Trust's chief executive pay ratio?
The company reported a chief executive pay ratio of 39:1 for fiscal 2025, against median employee compensation of $146,772.

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
C. Brent Smith
President & Chief Executive Officer
◇—◇—◇—◇◇
Robert Bowers
Executive Vice President & Chief Financial & Administrator Officer
◇—◇—◇—◇◇
George Wells
Executive Vice President & Chief Operating Officer
◇—◇—◇—◇◇
Christopher Kollme
Executive Vice President - Investments
◇—◇—◇—◇◇
Robert Wiberg
Executive Vice President - Northeast & Head of Development
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
C. Brent Smith
President & Chief Executive Officer
◇—◇—◇—◇◇
Robert Bowers
Executive Vice President & Chief Financial & Administrator Officer
◇—◇—◇—◇◇
George Wells
Executive Vice President & Chief Operating Officer
◇—◇—◇—◇◇
Christopher Kollme
Executive Vice President - Investments
◇—◇—◇—◇◇
Robert Wiberg
Executive Vice President - Northeast & Head of Development
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
C. Brent Smith
President & Chief Executive Officer
◇—◇—◇—◇◇
Robert Bowers
Executive Vice President & Chief Financial & Administrator Officer
◇—◇—◇—◇◇
George Wells
Executive Vice President & Chief Operating Officer
◇—◇—◇—◇◇
Christopher Kollme
Executive Vice President - Investments
◇—◇—◇—◇◇
Robert Wiberg
Executive Vice President - Northeast & Head of Development
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
C. Brent Smith
President & Chief Executive Officer
◇—◇—◇—◇◇
Sherry Rexroad
EVP & Chief Financial Officer
◇—◇—◇—◇◇
George Wells
EVP & Chief Operating Officer
◇—◇—◇—◇◇
Christopher Kollme
EVP, Investments
◇—◇—◇—◇◇
Laura Moon
EVP & Chief Accounting 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
C. Brent SmithRSU———◇——◇
C. Brent SmithPSU—◇◇◇◇—◇
Christopher A. KollmePSU—◇◇◇◇—◇
Christopher A. KollmeRSU———◇——◇
George M. WellsPSU—◇◇◇◇—◇
George M. WellsRSU———◇——◇
Laura P. MoonPSU—◇◇◇◇—◇
Laura P. MoonRSU———◇——◇
Sherry L. RexroadPSU—◇◇◇◇—◇
Sherry L. RexroadRSU———◇——◇
Fiscal 2022, 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
Christopher KollmePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Sherry RexroadPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
C. SmithPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
George WellsPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Laura MoonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
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
Kelly H. Barrett
Board chair
◇◇————◇
Glenn G. Cohen
◇◇————◇
Barbara B. Lang
◇◇————◇
Dale H. Taysom
◇◇————◇
Jeffrey J. Donnelly
◇◇————◇
Deneen L. Donnley
◇◇————◇
Stephen E. Lewis
◇◇————◇
Mary M. Hager
◇◇————◇
Venkatesh S. Durvasula
◇—————◇
C. Brent Smith 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◇
Equity is delivered as Common Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acadia Realty Trust AKR
  • AH Realty Trust AHRT
  • Brandywine Realty Trust BDN
  • COPT Defense Properties CDP
  • Cousins Properties Incorporated CUZ
  • Easterly Government Properties, Inc. DEA
  • Empire State Realty Trust, Inc. ESRT
  • Highwoods Properties, Inc. HIW
  • InvenTrust Properties Corp. IVT
  • JBG SMITH Properties JBGS
  • LTC Properties, Inc. LTC
  • LXP Industrial Trust LXP
  • Urban Edge Properties UE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 7, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 11, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 15, 2019=◇◇◇
2017May 15, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Piedmont Realty Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Piedmont Realty Trust 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.
291 figures on this page: 280 cited to the filing that reported them, 11 calculated from figures it prints.
280 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001042776-26-000045
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001174947-26-000393
    2025 Director Compensation Paid · CEO Pay Ratio · Director Compensation · Grants of Plan Based Awards · and 2 more sections
  3. 0001042776-25-000105
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001999371-25-002935
    Summary Compensation Table
  5. 0001193125-24-133156
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001999371-24-003535
    Summary Compensation Table
  7. 0001042776-23-000113
  8. 0001104659-23-033532
    SUMMARY COMPENSATION TABLE
  9. 0001042776-22-000124
  10. 0001042776-21-000128
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001042776-20-000129
  12. 0001042776-19-000079
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001042776-18-000077
  14. 0001042776-17-000106
  15. 0001042776-16-000290
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Velarion, “Piedmont Realty Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PDM (accessed 2026).
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Real Estate rankings

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

Peers Piedmont Realty Trust discloses

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

Acadia Realty TrustAH Realty TrustBrandywine Realty TrustCOPT Defense PropertiesCousins Properties IncorporatedEasterly Government Properties, Inc.Empire State Realty Trust, Inc.Highwoods Properties, Inc.InvenTrust Properties Corp.JBG SMITH PropertiesLTC Properties, Inc.LXP Industrial TrustUrban Edge Properties

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