C. Brent Smith is the CEO of Piedmont Office Realty Trust, a real estate investment trust that focuses on office properties. He has been in this role since July 2019, after serving as Chief Investment Officer and Executive Vice President...

C. Brent Smith is the CEO of Piedmont Office Realty Trust, a real estate investment trust that focuses on office properties. He has been in this role since July 2019, after serving as Chief Investment Officer and Executive Vice President for the Northeast Region. Brent is a finance expert with a Bachelor's degree in Business Administration from Southern Methodist University. He joined Piedmont in 2012 after eight years at Morgan Stanley, where he advised public and private real estate clients. Under his leadership, the company has prioritized performance-based pay, ensuring that executive compensation is closely tied to operational success. In 2023, his total compensation was $7.15 million, which shows his strong performance metrics including leasing volume and financial ratios. When it comes to his assets, Brent grants a lot of shares and had substantial holdings in the company, indicating his confidence in Piedmont’s future. Today, he continues to drive the company forward in a responsible way, focusing on both growth and stability in real estate investment.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Piedmont Office Realty Trust CEOs

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C. Brent Smith

CEO of Piedmont Office Realty Trust

Education

Bachelor's degree in Business Administration from Southern Methodist University.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1979 - 46 years ago

CEO of Piedmont Office Realty Trust for

5 years 9 months (Jun 2019 - Present)

Previous Experience

Executive Director with Morgan Stanley's real estate investment banking division for eight years.

Rivals

Competitors/colleagues of C. Brent Smith

S

Marc Holliday

CEO of SL Green Realty

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$2.91M

Other

$36.46K

Total Holdings

$89.45M

H

Theodore J. Klinck

CEO of Highwoods Properties

2023 Compensation

Stock

$1.12M

Salary

$757.50K

Bonus

$1.22M

Other

$191.46K

Total Holdings

$12.73M

B

Owen D. Thomas

CEO of Boston Properties

2023 Compensation

Stock

$0.00

Salary

$950.00K

Bonus

$2.72M

Other

$31.64K

Total Holdings

$615.83K

P

Albert Behler

CEO of PARAMOUNT GROUP

2023 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$1.67M

Other

$214.41K

Total Holdings

$3.67M

D

Jordan Kaplan

CEO of Douglas Emmett

2023 Compensation

Stock

$9.29M

Salary

$800.00K

Bonus

$0.00

Other

$21.11K

Total Holdings

$45.43M

Holdings

See how much did C. Brent Smith make over time.

C. Brent Smith's holdings in Piedmont Office Realty Trust have seen significant activity since he took the CEO role in July 2019. As of 2023, he holds a substantial amount of vested stock totaling 112,073 shares, valued at approximately $1.29...

C. Brent Smith's holdings in Piedmont Office Realty Trust have seen significant activity since he took the CEO role in July 2019. As of 2023, he holds a substantial amount of vested stock totaling 112,073 shares, valued at approximately $1.29 million. His wealth seems to be heavily tied to his performance as he earned an impressive $7.15 million in compensation this year. The total amount of stock granted this year was 488,621 shares, indicating his stake in the company continues to grow. His confidence in Piedmont is reflected in his holdings, with a notable spike at his appointment as CEO when he received a special one-time award to ensure alignment with company goals. Over the past few years, he has leveraged his experience to navigate the market and make smart investment decisions that align with his holdings.

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Insider Trading

See recent insider trades of C. Brent Smith.

PDM

64,290 shares

PDM

Feb 3, 2025

Received

PDM

$53.69K

PDM at $7.67/share

Mar 15, 2023

Purchase

PDM

30,223 shares

PDM

Feb 1, 2023

Received

PDM

134,666 shares

PDM

Feb 2, 2022

Received

PDM

$49.36K

PDM at $17.63/share

Sep 3, 2021

Purchase

PDM

19,618 shares

PDM

Feb 2, 2021

Received

PDM

$50.77K

PDM at $11.41/share

Nov 2, 2020

Purchase

PDM

16,370 shares

PDM

Feb 4, 2020

Received

PDM

16,370 shares

PDM

Feb 4, 2020

Received

PDM

66,722 shares

PDM

May 3, 2019

Received

Compensation History

See how much did C. Brent Smith make over time.

In 2023, C. Brent Smith received a total compensation of $7.15 million as the CEO of Piedmont Office Realty Trust. His package includes a salary of $700,000 and a substantial bonus of $1.05 million, reflecting his success in meeting performance metrics. His vested stock for the year amounted to 112,073 shares, valued at about $1.29 million based on market performance. The performance metrics for his compensation are tied closely to the company's financial health, including key ratios and leasing volume. Smith has shown strong leadership by linking his pay directly to the success of Piedmont, which indicates a commitment to aligning his goals with those of the company and its shareholders. His focus remains clear on managing and growing Piedmont's asset portfolio effectively while ensuring that executive compensation is competitive and performance-based.

Year

2023

Total Compensation

$3.06M

Salary

$700.00K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while maintaining competitive compensation to attract and retain top talent.

Bonus

$1.05M

Board Justification

The actual amount earned under the STIC Plan for 2023 was $1,050,000, which represents 100% of his target opportunity of $1,050,000 based on performance metrics established by the Compensation Committee.

Other

$22.75K

Board Justification

Other compensation includes matching contributions to 401(k) and premiums for company-paid life insurance.

Restricted Stock

$1.29M(112.07K common stock)

Board Justification

The value of the stock that vested in 2023 is based on the number of shares that vested during the year, which was 112,073 shares.

Performance Metrics

The performance metrics for 2023 included Core FFO per share relative to budget, leasing volume, net debt to Core EBITDA ratio, and Same Store NOI.

Other Piedmont Office Realty Trust CEOs

Here are other CEOs of Piedmont Office Realty Trust

Donald A. Miller, CFA

Founder and Ex-CEO of Piedmont Office Realty Trust

May 2007 - June 2019