Donald A. Miller, CFA, served as the CEO and President of Piedmont Office Realty Trust from 2007 until his retirement in 2019. He holds a Bachelor's degree in Finance and an MBA from the University of Michigan. Before joining Piedmont,...

Donald A. Miller, CFA, served as the CEO and President of Piedmont Office Realty Trust from 2007 until his retirement in 2019. He holds a Bachelor's degree in Finance and an MBA from the University of Michigan. Before joining Piedmont, Miller led real estate activities at Wells Real Estate Funds and headed U.S. equity operations at Lend Lease. He has a long history in real estate, having worked in acquisitions, property management, and investment management. During his tenure, he focused on aligning the company’s goals with shareholder interests, implementing performance metrics related to operational efficiency and capital management. Despite retiring in 2019, he left a solid foundation for his successor. After his resignation, he received a cash payment to cover the value of stock awards he had earned. Notably, Miller was involved in the company’s strategic direction and stakeholder communication.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Piedmont Office Realty Trust CEOs

P

Donald A. Miller, CFA

Founder and Ex-CEO of Piedmont Office Realty Trust

Education

Bachelor's degree in Finance and MBA from University of Michigan.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1962 - 63 years ago

CEO of Piedmont Office Realty Trust for

12 years 1 month (May 2007 - Jun 2019)

Previous Experience

President and Chief Executive Officer at Piedmont Office Realty Trust, Inc. since its inception in 2007. Previously held senior roles in various real estate investment firms.

Rivals

Competitors/colleagues of Donald A. Miller, CFA

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

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 Donald A. Miller, CFA make over time.

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.

Charitable Transactions

PDM

95,046 shares

PDM

Recent Charitable Transactions

PDM

$2.04M

PDM at $21.49/share

Dec 13, 2019

Charity

Insider Trading

See recent insider trades of Donald A. Miller, CFA.

PDM

$2.04M

PDM at $21.49/share

Dec 13, 2019

Charity

PDM

68,831 shares

PDM

May 3, 2019

Received

PDM

62,783 shares

PDM

Feb 12, 2019

Received

PDM

81,453 shares

PDM

May 17, 2018

Received

PDM

66,941 shares

PDM

Feb 8, 2018

Received

PDM

66,066 shares

PDM

May 18, 2017

Received

PDM

50,892 shares

PDM

Feb 10, 2017

Received

PDM

72,356 shares

PDM

May 24, 2016

Received

PDM

22,470 shares

PDM

Mar 22, 2016

Received

PDM

$125.40K

PDM at $16.72/share

Sep 1, 2015

Purchase

Compensation History

See how much did Donald A. Miller, CFA make over time.

In 2019, Donald A. Miller earned a total compensation package of approximately $4.71 million, which included a salary of $370,000, a bonus of over $1 million, and nearly $9.46 million from vested stock. His earnings were closely linked to performance metrics that aimed to enhance shareholder value, showcasing a common strategy among executives to align pay with company success. Over the years, his compensation demonstrated fluctuations correlated with company performance and his contributions as CEO, highlighting the competitive nature of executive pay structures in real estate investment trusts.

Year

2019

Total Compensation

$10.91M

Salary

$370.00K

Board Justification

The compensation philosophy aims to attract and retain qualified executives while linking compensation to performance metrics and stockholder value.

Bonus

$1.08M

Board Justification

Includes a retirement payment reflecting the estimated year-to-date bonus earned through June 30, 2019.

Other

$0.00

Board Justification

Restricted Stock

$9.46M(134.96K common stock)

Board Justification

Represents the number of shares acquired on vesting during 2019, including performance share and deferred stock awards settled in cash in July 2019.

Performance Metrics

Performance metrics include Core FFO per share, Adjusted Funds from Operations before Capital Expenditures, and General and Administrative Expense relative to budget.

Other Piedmont Office Realty Trust CEOs

Here are other CEOs of Piedmont Office Realty Trust

C. Brent Smith

CEO of Piedmont Office Realty Trust

June 2019 - Present