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...

Current Market Cap

$1.22B

Number of Employees

150

Total Compensation

2019 - 2023

Trending down by -40.59% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -64.24% last year

Salary

Up by 7.69% last year

Bonus

Up by 19.66% last year

Other

Up by 9.64% last year

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.

SEC Filing

From March 14, 2024

C. Brent Smith

CEO of Piedmont Office Realty Trust

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Education

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

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1979 - 45 years ago

Is Founder?

No

Current Tenure

5 years 3 months (Jun 2019 - Present)

Previous Experience

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