Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-30

Copt Defense Properties (CDP)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,582,340
Stephen Budorick total, FY2025
64th
CEO pay percentile vs peers
59.9:1
CEO-to-median pay ratio
96.84%
Say-on-pay support, latest vote
Companies that benchmark against CDP
15 companies name CDP as a compensation peer

Each company listed discloses CDP in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CDP in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Stephen Budorick$799,423$0$5,085,417$0$1,680,000$17,500$7,582,340
President + Chief Executive Officer
Anthony Mifsud537,01201,551,2860931,50017,5003,037,298
Executive Vice President + Chief Financial Officer
Britt Snider453,84601,311,3840784,87517,5002,567,605
Executive Vice President + Chief Operating Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Stephen Budorick$7,582,340$7,576,091$6,168,342+6,249
Anthony Mifsud3,037,2982,659,3102,426,984+377,988
Britt Snider2,567,6052,489,226641,053+78,379

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-04-2901 insider, 1 accrual row
Dividend-equivalent accruals2026-05-1301 insider, 1 accrual row
Letitia A. LongDirector2026-05-14A3,803Derivative, Class A CommonForm 4 ↗
C. Taylor PickettDirector2026-05-14A7,511Derivative, Class A CommonForm 4 ↗
Robert L. Denton, SrDirector2026-05-14A3,803CommonForm 4 ↗
Philip L. HawkinsDirector2026-05-14A7,448Derivative, Class A CommonForm 4 ↗
Lisa G. TrimbergerDirector2026-05-14A3,803CommonForm 4 ↗
Essye B. MillerDirector2026-05-14A3,803Derivative, Class A CommonForm 4 ↗
Raymond L. OwensDirector2026-05-14A3,803Derivative, Class A CommonForm 4 ↗
Robert L. Denton, SrDirector2026-05-26D3,92232126,994CommonForm 4 ↗
C. Taylor PickettDirector2026-05-29D31,798321,025,581CommonForm 4 ↗
Dividend-equivalent accruals2026-06-2601 insider, 1 accrual row
Dividend-equivalent accruals2026-07-2901 insider, 1 accrual row

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 13 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Robert L. Denton, SrDirector2026-04-29D0$0$0Derivative, Class A CommonForm 4 ↗
Robert L. Denton, SrDirector2026-05-13D000Derivative, Class A CommonForm 4 ↗
Letitia A. LongDirector2026-05-14A3,803Derivative, Class A CommonForm 4 ↗
C. Taylor PickettDirector2026-05-14A7,511Derivative, Class A CommonForm 4 ↗
Robert L. Denton, SrDirector2026-05-14A3,803CommonForm 4 ↗
Philip L. HawkinsDirector2026-05-14A7,448Derivative, Class A CommonForm 4 ↗
Lisa G. TrimbergerDirector2026-05-14A3,803CommonForm 4 ↗
Essye B. MillerDirector2026-05-14A3,803Derivative, Class A CommonForm 4 ↗
Raymond L. OwensDirector2026-05-14A3,803Derivative, Class A CommonForm 4 ↗
Robert L. Denton, SrDirector2026-05-26D3,92232126,994CommonForm 4 ↗
C. Taylor PickettDirector2026-05-29D31,798321,025,581CommonForm 4 ↗
Robert L. Denton, SrDirector2026-06-26D000Derivative, Class A CommonForm 4 ↗
Robert L. Denton, SrDirector2026-07-29D000Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Stephen BudorickRSU2025-03-0161,561$1,663,994
Anthony MifsudRSU2025-03-0118,779507,596
Britt SniderRSU2025-03-0115,823427,696
Anthony MifsudPSU2025-01-0112,04324,08748,1741,043,690
Britt SniderPSU2025-01-0110,14820,29640,592883,688
Stephen BudorickPSU2025-01-0139,48178,962157,9243,421,423
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Stephen Budorick$1,663,994$3,421,423$067.3%
Anthony Mifsud507,5961,043,690067.3%
Britt Snider427,696883,688067.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Anthony MifsudRSU50,077$1,392,141
Britt SniderRSU15,823439,879
Britt SniderRSU42,2841,175,495
Stephen BudorickRSU18,080502,624
Britt SniderRSU14,086391,591
Anthony MifsudRSU50,0771,392,141
Stephen BudorickRSU208,9875,809,839
Stephen BudorickRSU44,3221,232,152
Stephen BudorickRSU61,5611,711,396
Anthony MifsudRSU11,891330,570
Anthony MifsudRSU18,779522,056
Britt SniderRSU14,086391,591
Anthony MifsudRSU11,891330,570
Britt SniderRSU8,999250,172
Stephen BudorickRSU61,5611,711,396
Anthony MifsudRSU56,0661,558,635
Stephen BudorickRSU44,3221,232,152
Britt SniderRSU42,4291,179,526
Britt SniderRSU42,4291,179,526
Anthony MifsudRSU5,556154,457
Stephen BudorickRSU164,1614,563,676
Britt SniderRSU8,999250,172
Stephen BudorickRSU208,9875,809,839
Anthony MifsudRSU56,0661,558,635
Britt SniderRSU42,2841,175,495
Anthony MifsudRSU18,779522,056
Stephen BudorickRSU164,1614,563,676
Stephen BudorickRSU18,080502,624
Anthony MifsudRSU5,556154,457
Britt SniderRSU15,823439,879
05

Incentive-plan design — the Compensation Discussion & Analysis

We design our compensation programs to link executive compensation to annual financial results and long-term TSR. We implement our pay-for-performance approach to ensure that the financial interests of our executives align closely with those of our shareholders by directly tying the majority of each executive's pay to the achievement of defined objectives.

CEO STI target (% of salary)140%
CEO LTI target (% of salary)
Independent consultantFerguson Partners Consulting, L.P.
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-14102,933,7533,358,28950,09696.84%Passed
20252025-05-20100,226,4803,771,37056,49896.37%Passed
20242024-05-0998,471,4273,125,44059,55596.92%Passed
20232023-05-11102,032,6812,427,36481,35797.68%Passed
20222022-05-12100,274,8572,386,994105,68297.67%Passed
20212021-05-1399,011,6421,713,756124,96098.3%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1496.84%a
20252025-05-2096.37%b
20242024-05-0996.92%c

a. Approved under the standard stated in the filing — “Broker non-votes, if any, and abstentions will not be treated as votes cast for or against the election of a nominee for Trustee and will have no effect on the outcome of the vote.”.

b. Approved under the standard stated in the filing — “Broker non-votes, if any, and abstentions will not be treated as votes cast for or against the election of a nominee for Trustee and will have no effect on the outcome of the vote.”.

c. Approved under the standard stated in the filing — “With respect to each of Proposals 2, 3 and 4, you may abstain, and your abstention will have no effect on the outcome of the vote, because no vote will have been cast with respect to your shares.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)59.9 : 1
CEO total compensation$7,582,340
Median employee compensation$126,643
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robert L. Denton, SrIndependent · Board Chair · Audit · Investment · Nominating and Corporate Governance$176,000$107,737$0$0$0$283,737
Lisa G. TrimbergerIndependent · Audit (Chair) · Nominating and Corporate Governance113,500107,737000221,237
Letitia A. LongIndependent · Audit · Nominating and Corporate Governance (Chair)111,000107,737000218,737
C. Taylor PickettIndependent · Compensation (Chair) · Investment0217,535000217,535
Philip L. HawkinsIndependent · Compensation · Investment (Chair)0215,475000215,475
Essye B. MillerIndependent · Audit · Nominating and Corporate Governance96,000107,737000203,737
Raymond L. OwensIndependent · Compensation · Investment92,000107,737000199,737
Thomas F. BradyIndependent · Audit · Compensation · Departed during FY40,286000040,286
Stephen E. BudorickEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$105,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)17,500 / 15,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$628,786
Equity awards (grant-date value)$971,695
All other compensation$0
Total cost of the board$1,600,481

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Copt Defense Properties names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Copt Defense Properties.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Empire State Realty Trust, Inc.2025Anthony Malkin$896,923$9,422,697$0$0$12,669,394
2Easterly Government Properties, Inc.2025Darrell Crate825,0008,508,5190930,00010,277,519
3Douglas Emmett, Inc.2025Jordan Kaplan800,0008,170,000009,012,069
4Cousins Properties Incorporated2025M. Colin Connolly791,8136,154,83001,705,5648,688,925
5First Industrial Realty Trust, Inc.2025Peter Baccile935,0005,212,1992,113,0008,288,366
6Copt Defense Properties2025Stephen Budorick799,4235,085,41701,680,0007,582,340
7Kilroy Realty Corporation2025Angela Aman820,0004,433,57701,801,8507,072,527
8LXP Industrial Trust2025T. Wilson Eglin840,0004,044,98201,442,4386,645,384
9STAG Industrial, Inc.2025William Crooker800,0003,599,97001,427,9155,881,152
10Brandywine Realty Trust2025Gerard Sweeney800,0003,472,94001,520,0005,812,631
11Piedmont Office Realty Trust, Inc.2025C. Brent Smith710,0003,766,34201,250,0005,757,342
12JBG Smith Properties2025W. Matthew Kelly750,0003,499,99401,260,0005,521,861
13Highwoods Properties, Inc.2025Theodore Klinck772,0672,795,39701,291,1545,124,352
14American Assets Trust, Inc.2025Adam Wyll750,0002,228,91601,428,7504,806,038
15Hudson Pacific Properties, Inc.2025Victor Coleman1,000,000356,326002,766,883

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Copt Defense Properties150%PSU 60 · LTIP Units 40Yes — Total Shareholder Return (TSR)Ferguson Partners Consulting, L.P.
American Assets Trust, Inc.191%PSU 100Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Indexnot disclosed
Brandywine Realty Trust95%RSU 50 · PSU 50NoPay Governance LLC
Cousins Properties Incorporated143.6%PSU 60 · RSU 40NoFerguson Partners Consulting
Douglas Emmett, Inc.not disclosedLTIP Units 100not disclosedFTI Consulting, Inc.
Easterly Government Properties, Inc.78%LTIP Units 100Yes — Absolute TSRFTI Consulting
Empire State Realty Trust, Inc.164%PSU 55 · LTIP Units 45Yes — TSR performance relative to the Nareit Office IndexFerguson Partners
First Industrial Realty Trust, Inc.113%PSU 65 · LTIP Units 35YesFerguson Partners Consulting, L.P.
Highwoods Properties, Inc.119%RSU 50 · MSU 50Yes — Relative TSR vs FTSE NAREIT Equity Office IndexPearl Meyer
Hudson Pacific Properties, Inc.140%LTIP Units 50 · PSU 50Yes — Relative TSR vs. Nareit Office IndexFerguson Partners Consulting
JBG Smith Properties168%not disclosedNoFerguson Partners Consulting
Kilroy Realty Corporation125.6%PSU 75 · RSU 25Yes — TSR Percentile RankingKorn Ferry
LXP Industrial Trustnot disclosedPSU 60 · RSU 40Yes — Relative TSR compared to MSCI US REIT IndexFerguson Partners Consulting, L.P.
Piedmont Office Realty Trust, Inc.117%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) relative to peersFerguson Partners Consulting L.P.
STAG Industrial, Inc.178%PSU 65 · LTIP Units 35Yes — Relative TSR vs Industry Peer GroupFerguson Partners Consulting

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Copt Defense Properties in fiscal 2025?
As disclosed, the highest-paid executive at Copt Defense Properties in fiscal 2025 was Stephen Budorick, President + Chief Executive Officer, with total compensation of $7,582,340.
How does Copt Defense Properties's chief executive pay compare to its disclosed peer group?
The filing shows that Copt Defense Properties's chief executive pay fell in the 64th percentile of its disclosed peer group.
What is Copt Defense Properties's CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 59.9:1.
How did shareholders vote on Copt Defense Properties's executive compensation?
Shareholders approved the executive compensation plan with 96.84% support in the latest vote.
How much does Copt Defense Properties spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $1,600,481.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Stephen BudorickDEF 14A2026-03-300000860546-26-000017Section “Summary Compensation Table” · page 38. As printed: 7,582,340. Filing ↗machine: t88 · r2 · c25 · span 765245–765254
2Section 01, Anthony MifsudDEF 14A2026-03-300000860546-26-000017Section “Summary Compensation Table” · page 38. As printed: 3,037,298. Filing ↗machine: t88 · r8 · c25 · span 793696–793705
3Section 01, Britt SniderDEF 14A2026-03-300000860546-26-000017Section “Summary Compensation Table” · page 38. As printed: 2,567,605. Filing ↗machine: t88 · r5 · c25 · span 779464–779473
4Section 03, Stephen Budorick RSUDEF 14A2026-03-300000860546-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t83 · r2 · c16 · span 720033–720039
5Section 03, Anthony Mifsud RSUDEF 14A2026-03-300000860546-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t83 · r4 · c16 · span 725870–725876
6Section 03, Britt Snider RSUDEF 14A2026-03-300000860546-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t83 · r3 · c16 · span 722938–722944
7Section 03, Anthony Mifsud PSUDEF 14A2026-03-300000860546-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r4 · c20 · span 700618–700627
8Section 03, Britt Snider PSUDEF 14A2026-03-300000860546-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r3 · c20 · span 697006–697013
9Section 03, Stephen Budorick PSUDEF 14A2026-03-300000860546-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t80 · r2 · c20 · span 693422–693431
10Section 07, pay ratioDEF 14A2026-03-300000860546-26-000017Section “CEO Pay Ratio”. As printed: 59.9 : 1. Filing ↗machine: span 908512–908521
11Section 08, Robert L. Denton, SrDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 283,737. Filing ↗machine: t43 · r2 · c11 · span 377902–377909
12Section 08, Lisa G. TrimbergerDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 221,237. Filing ↗machine: t43 · r9 · c11 · span 396193–396200
13Section 08, Letitia A. LongDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 218,737. Filing ↗machine: t43 · r5 · c11 · span 385725–385732
14Section 08, C. Taylor PickettDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 217,535. Filing ↗machine: t43 · r8 · c7 · span 392785–392792
15Section 08, Philip L. HawkinsDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 215,475. Filing ↗machine: t43 · r4 · c7 · span 382320–382327
16Section 08, Essye B. MillerDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 203,737. Filing ↗machine: t43 · r6 · c11 · span 388340–388347
17Section 08, Raymond L. OwensDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 199,737. Filing ↗machine: t43 · r7 · c11 · span 390956–390963
18Section 08, Thomas F. BradyDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 40,286. Filing ↗machine: t43 · r3 · c3 · span 378915–378921
19Section 08, Stephen E. BudorickDEF 14A2026-03-300000860546-26-000017Section “Director Compensation”. As printed: 0. Filing ↗
20Section 02, Robert L. Denton, Sr 2026-04-29Form 42026-04-300001250536-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Robert L. Denton, Sr 2026-05-13Form 42026-05-140001250536-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Letitia A. Long 2026-05-14Form 42026-05-180001637178-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, C. Taylor Pickett 2026-05-14Form 42026-05-180001143567-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Robert L. Denton, Sr 2026-05-14Form 42026-05-180001250536-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Philip L. Hawkins 2026-05-14Form 42026-05-180001234375-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Lisa G. Trimberger 2026-05-14Form 42026-05-180001718603-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Essye B. Miller 2026-05-14Form 42026-05-180001947703-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Raymond L. Owens 2026-05-14Form 42026-05-180001397459-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Robert L. Denton, Sr 2026-05-26Form 42026-05-280001250536-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, C. Taylor Pickett 2026-05-29Form 42026-06-020001143567-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Robert L. Denton, Sr 2026-06-26Form 42026-06-260001250536-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Robert L. Denton, Sr 2026-07-29Form 42026-07-300001250536-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-05-200000860546-26-000031Item 5.07 · say-on-pay result. As reported: 96.84% (votes for as printed: 102,933,753). Filing ↗
34Section 06, 2025 voteForm 8-K2025-05-230000860546-25-000028Item 5.07 · say-on-pay result. As reported: 96.37% (votes for as printed: 100,226,480). Filing ↗
35Section 06, 2024 voteForm 8-K2024-05-140000860546-24-000043Item 5.07 · say-on-pay result. As reported: 96.92% (votes for as printed: 98,471,427). Filing ↗
36Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
37Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)ComputedcomputedCash 628,786 + equity 971,695 + all other 0 = 1,600,481, summed across the director compensation table rows.machine: formula: Σ = 1,600,481
39Empire State Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-038890CEO total compensation as printed in Empire State Realty Trust, Inc.'s own proxy. As printed: 12,669,394. Filing ↗machine: r1 · c18 · span 1693420–1693430
40Easterly Government Properties, Inc., Section 10b CEO totalDEF 14A2026-03-230001622194-26-000008CEO total compensation as printed in Easterly Government Properties, Inc.'s own proxy. As printed: 10,277,519. Filing ↗machine: t32 · r4 · c14 · span 1314670–1314680
41Douglas Emmett, Inc., Section 10b CEO totalDEF 14A2026-04-170001364250-26-000020CEO total compensation as printed in Douglas Emmett, Inc.'s own proxy. As printed: 9,012,069. Filing ↗machine: span 506518–506527
42Cousins Properties Incorporated, Section 10b CEO totalDEF 14A2026-03-180000025232-26-000031CEO total compensation as printed in Cousins Properties Incorporated's own proxy. As printed: 8,688,925. Filing ↗machine: r2 · c6 · span 1749369–1749379
43First Industrial Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-300000921825-26-000041CEO total compensation as printed in First Industrial Realty Trust, Inc.'s own proxy. As printed: 8,288,366. Filing ↗machine: r2 · c36 · span 508347–508356
44Copt Defense Properties (subject), Section 10b CEO totalDEF 14A2026-03-300000860546-26-000017CEO total compensation as printed in Copt Defense Properties's own proxy. As printed: 7,582,340. Filing ↗machine: t88 · r2 · c25 · span 765245–765254
45Kilroy Realty Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149727CEO total compensation as printed in Kilroy Realty Corporation's own proxy. As printed: 7,072,527. Filing ↗machine: r4 · c27 · span 996331–996340
46LXP Industrial Trust, Section 10b CEO totalDEF 14A2026-04-030000910108-26-000015CEO total compensation as printed in LXP Industrial Trust's own proxy. As printed: 6,645,384. Filing ↗machine: t65 · r2 · c15 · span 653567–653576
47STAG Industrial, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-031046CEO total compensation as printed in STAG Industrial, Inc.'s own proxy. As printed: 5,881,152. Filing ↗machine: span 1074440–1074449
48Brandywine Realty Trust, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145566CEO total compensation as printed in Brandywine Realty Trust's own proxy. As printed: 5,812,631. Filing ↗machine: t214 · r4 · c24 · span 3086750–3086759
49Piedmont Office Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-180001174947-26-000393CEO total compensation as printed in Piedmont Office Realty Trust, Inc.'s own proxy. As printed: 5,757,342. Filing ↗machine: r1 · c6 · span 848772–848781
50JBG Smith Properties, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030932CEO total compensation as printed in JBG Smith Properties's own proxy. As printed: 5,521,861. Filing ↗machine: t286 · r3 · c17 · span 1302909–1302918
51Highwoods Properties, Inc., Section 10b CEO totalDEF 14A2026-03-270000921082-26-000030CEO total compensation as printed in Highwoods Properties, Inc.'s own proxy. As printed: 5,124,352. Filing ↗machine: t16 · r2 · c3 · span 333023–333032
52American Assets Trust, Inc., Section 10b CEO totalDEF 14A2026-04-100001500217-26-000023CEO total compensation as printed in American Assets Trust, Inc.'s own proxy. As printed: 4,806,038. Filing ↗machine: r5 · c54 · span 545070–545079
53Hudson Pacific Properties, Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047885CEO total compensation as printed in Hudson Pacific Properties, Inc.'s own proxy. As printed: 2,766,883. Filing ↗machine: t204 · r7 · c14 · span 1248681–1248690
54Section 10a, Cousins Properties Incorporated reciprocityDEF 14A0000025232-26-000031Cousins Properties Incorporated names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, STAG Industrial, Inc. reciprocityDEF 14A0001104659-26-031046STAG Industrial, Inc.'s most recent proxy was read; its disclosed peer group does not include Copt Defense Properties. Filing ↗
56Section 10a, LXP Industrial Trust reciprocityDEF 14A0000910108-26-000015LXP Industrial Trust's most recent proxy was read; its disclosed peer group does not include Copt Defense Properties. Filing ↗
57Section 10a, JBG Smith Properties reciprocityDEF 14A0001104659-26-030932JBG Smith Properties names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
58Section 10a, Highwoods Properties, Inc. reciprocityDEF 14A0000921082-26-000030Highwoods Properties, Inc. names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
59Section 10a, Easterly Government Properties, Inc. reciprocityDEF 14A0001622194-26-000008Easterly Government Properties, Inc. names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Piedmont Office Realty Trust, Inc. reciprocityDEF 14A0001174947-26-000393Piedmont Office Realty Trust, Inc. names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, First Industrial Realty Trust, Inc. reciprocityDEF 14A0000921825-26-000041First Industrial Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Copt Defense Properties. Filing ↗
62Section 10a, American Assets Trust, Inc. reciprocityDEF 14A0001500217-26-000023American Assets Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Copt Defense Properties. Filing ↗
63Section 10a, Hudson Pacific Properties, Inc. reciprocityDEF 14A0001104659-26-047885Hudson Pacific Properties, Inc. names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Douglas Emmett, Inc. reciprocityDEF 14A0001364250-26-000020Douglas Emmett, Inc.'s most recent proxy was read; its disclosed peer group does not include Copt Defense Properties. Filing ↗
65Section 10a, Brandywine Realty Trust reciprocityDEF 14A0001193125-26-145566Brandywine Realty Trust names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, Kilroy Realty Corporation reciprocityDEF 14A0001193125-26-149727Kilroy Realty Corporation names Copt Defense Properties in its own disclosed peer group (read from its most recent proxy). Filing ↗