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Paramount Group Executive Compensation (FY24)

PGRE · New York, NY · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): May 19, 2025
229 figures on this page: 219 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2024
◇
Albert Behler
Latest say-on-pay support
=
May 15, 2025
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Albert Behler: $20,235,912 → $4,447,497 (78.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Paramount Group's chief executive and what were they paid?
Albert Behler, Chairman Chief Executive Officer and President, received $4,447,497 in total compensation for fiscal 2024. Behler's total moved 78.0% lower from the $20,235,912 reported for fiscal 2023.
What was Paramount Group's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 66.3% of votes cast for or against in favor at the meeting held May 15, 2025.
Which companies are in Paramount Group's peer group?
The disclosed peer group names Alexandria Real Estate Equities, Inc., Boston Properties, Inc., COPT Defense Properties, Douglas Emmett, Inc. and Empire State Realty Trust, 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
Albert Behler
Chairman Chief Executive Officer and President
◇—◇◇◇—◇◇
Wilbur Paes
Chief Operating Officer Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Peter Brindley
of Real Estate
◇—◇◇◇—◇◇
Gage Johnson
Senior Vice President General Counsel and Secretary
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Albert Behler
Chairman Chief Executive Officer and President
◇—◇◇◇—◇◇
Wilbur Paes
Chief Operating Officer Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Peter Brindley
Executive Vice President
◇—◇◇◇—◇◇
Gage Johnson
Senior Vice President General Counsel and Secretary
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Albert Behler
Chairman Chief Executive Officer and President
◇———◇—◇◇
Wilbur Paes
Chief Operating Officer Chief Financial Officer and Treasurer
◇———◇—◇◇
Peter Brindley
Executive Vice President
◇—◇—◇—◇◇
Gage Johnson
Senior Vice President 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 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Gage JohnsonRSU◇——◇——◇
Peter BrindleyRSU◇——◇——◇
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 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gage JohnsonOption◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
Peter BrindleyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Wilbur PaesRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Albert BehlerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
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 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Martin Bussmann
◇◇————◇
Paula Sutter
◇◇————◇
Greg Wright
◇◇————◇
Hitoshi Saito
◇◇————◇
Mark Patterson
◇◇————◇
Karin Klein
◇◇————◇
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◇
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.
Fiscal 2024
  • Alexandria Real Estate Equities, Inc. ARE
  • Boston Properties, Inc. BSX
  • COPT Defense Properties CDP
  • Douglas Emmett, Inc. DEI
  • Empire State Realty Trust, Inc. ESRT
  • Highwoods Properties, Inc. HIW
  • Hudson Pacific Properties, Inc. HPP
  • Kilroy Realty Corporation KRC
  • Piedmont Office Realty Trust, Inc. PDM
  • SL Green Realty Corp. SLG
  • Vornado Realty Trust VNO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 15, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 19, 2016=◇◇◇
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What this page does not include

Everything above is a fact Paramount Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Paramount Group 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
Say-on-pay responsiveness
Paramount Group recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
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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Whether Paramount Group's disclosed peer group is defensible, who names Paramount Group back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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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.
229 figures on this page: 219 cited to the filing that reported them, 10 calculated from figures it prints.
219 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000950170-25-074380
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001558370-25-004397
    Director Compensation · ELECTION OF DIRECTORS & · Outstanding Equity Awards at Fiscal Year-End 20 · Outstanding Equity Awards at Fiscal Year-End 2024 · and 1 more section
  3. 0000950170-24-061716
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-24-004716
    Summary Compensation Table
  5. 0000950170-23-023653
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-23-005576
    Summary Compensation Table
  7. 0001564590-22-020404
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-21-028427
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-20-026568
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-19-019838
  11. 0001564590-18-013972
  12. 0001193125-17-176661
  13. 0001193125-16-597693
    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, “Paramount Group executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/PGRE (accessed 2026).
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Real Estate rankings

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

Peers Paramount Group discloses

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

Alexandria Real Estate Equities, Inc.Boston Properties, Inc.COPT Defense PropertiesDouglas Emmett, Inc.Empire State Realty Trust, Inc.Highwoods Properties, Inc.Hudson Pacific Properties, Inc.Kilroy Realty CorporationPiedmont Office Realty Trust, Inc.SL Green Realty Corp.Vornado Realty Trust

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