During his time at Piedmont, Donald A. Miller’s holdings fluctuated significantly, reflecting changes in performance and stock value. When he started in 2007, he had an estimated 195,463 shares, representing around 1% of the company after its internalization. By 2019,...

During his time at Piedmont, Donald A. Miller’s holdings fluctuated significantly, reflecting changes in performance and stock value. When he started in 2007, he had an estimated 195,463 shares, representing around 1% of the company after its internalization. By 2019, his estimated stock holdings reached a peak of approximately $9.5 million, largely due to the success of Piedmont's strategic initiatives. His wealth was closely tied to the company as compensation included vested stock that represented a considerable portion of his income. However, after stepping down, his direct holdings would have changed according to the market and his retirement agreement, showing how closely executive wealth can align with company performance.