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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Stephen Budorick | $799,423 | $0 | $5,085,417 | $0 | $1,680,000 | $0 | $17,500 | $7,582,340 |
| President + Chief Executive Officer | ||||||||
| Anthony Mifsud | 537,012 | 0 | 1,551,286 | 0 | 931,500 | 0 | 17,500 | 3,037,298 |
| Executive Vice President + Chief Financial Officer | ||||||||
| Britt Snider | 453,846 | 0 | 1,311,384 | 0 | 784,875 | 0 | 17,500 | 2,567,605 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Stephen Budorick | $7,582,340 | $7,576,091 | $6,168,342 | +6,249 |
| Anthony Mifsud | 3,037,298 | 2,659,310 | — | +377,988 |
| Britt Snider | 2,567,605 | — | 641,053 | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Anthony Mifsud | RSU | 2025-03-01 | — | — | 18,779 | — | $507,596 |
| Stephen Budorick | RSU | 2025-03-01 | — | — | 61,561 | — | 1,663,994 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Anthony Mifsud | $507,596 | $0 | $0 | 0.0% |
| Stephen Budorick | 1,663,994 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-14 | 102,933,753 | 3,358,289 | 50,096 | 96.84% | Passed |
| 2025 | 2025-05-20 | 100,226,480 | 3,771,370 | 56,498 | 96.37% | Passed |
| 2024 | 2024-05-09 | 98,471,427 | 3,125,440 | 59,555 | 96.92% | Passed |
| 2023 | 2023-05-11 | 102,032,681 | 2,427,364 | 81,357 | 97.68% | Passed |
| 2022 | 2022-05-12 | 100,274,857 | 2,386,994 | 105,682 | 97.67% | Passed |
| 2021 | 2021-05-13 | 99,011,642 | 1,713,756 | 124,960 | 98.3% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-14 | 96.84%a |
| 2025 | 2025-05-20 | 96.37%b |
| 2024 | 2024-05-09 | 96.92%c |
a. Voting standard not stated in the filing.
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. Broker non-votes will have no effect on the outcome of Proposals 2, 3 and 4 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.
| Ratio (CEO : median employee) | 59.9 : 1 |
|---|---|
| CEO total compensation | $7,582,340 |
| Median employee compensation | $126,643 |
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Copt Defense Properties | 2025 | Stephen Budorick | $799,423 | $5,085,417 | $0 | $1,680,000 | $7,582,340 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Stephen Budorick | DEF 14A | 2026-03-30 | 0000860546-26-000017 | Section “Summary Compensation Table” · page 38. As printed: 7,582,340. Filing ↗machine: t88 · r2 · c25 · span 765245–765254 |
| 2 | Section 01, Anthony Mifsud | DEF 14A | 2026-03-30 | 0000860546-26-000017 | Section “Summary Compensation Table” · page 38. As printed: 3,037,298. Filing ↗machine: t88 · r8 · c25 · span 793696–793705 |
| 3 | Section 01, Britt Snider | DEF 14A | 2026-03-30 | 0000860546-26-000017 | Section “Summary Compensation Table” · page 38. As printed: 2,567,605. Filing ↗machine: t88 · r5 · c25 · span 779464–779473 |
| 4 | Section 03, Anthony Mifsud RSU | DEF 14A | 2026-03-30 | 0000860546-26-000017 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t83 · r4 · c16 · span 725870–725876 |
| 5 | Section 03, Stephen Budorick RSU | DEF 14A | 2026-03-30 | 0000860546-26-000017 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t83 · r2 · c16 · span 720033–720039 |
| 6 | Section 07, pay ratio | DEF 14A | 2026-03-30 | 0000860546-26-000017 | Section “CEO Pay Ratio”. As printed: 59.9 : 1. Filing ↗ |
| 7 | Section 06, 2026 vote | Form 8-K | 2026-05-20 | 0000860546-26-000031 | Item 5.07 · say-on-pay result. As reported: 96.84% (votes for as printed: 102,933,753). Filing ↗ |
| 8 | Section 06, 2025 vote | Form 8-K | 2025-05-23 | 0000860546-25-000028 | Item 5.07 · say-on-pay result. As reported: 96.37% (votes for as printed: 100,226,480). Filing ↗ |
| 9 | Section 06, 2024 vote | Form 8-K | 2024-05-14 | 0000860546-24-000043 | Item 5.07 · say-on-pay result. As reported: 96.92% (votes for as printed: 98,471,427). Filing ↗ |
| 10 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 11 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 12 | Copt Defense Properties (subject), Section 10b CEO total | DEF 14A | 2026-03-30 | 0000860546-26-000017 | CEO total compensation as printed in Copt Defense Properties's own proxy. As printed: 7,582,340. Filing ↗machine: t88 · r2 · c25 · span 765245–765254 |