Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-23

Paramount Group (PGRE)

CEO Albert Behler was paid $4,447,497 in fiscal year 2024, ↓ down 78.6% from fiscal year 2023, the 18th percentile of its disclosed peer group (SEC filing 0001558370-25-004397 ↗): 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.

$4,447,497 ↓
Albert Behler total, FY2024
18th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
66.32%
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01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Albert Behler$1,134,000$0$0$0$2,615,000$0$698,497$4,447,497
Chairman, Chief Executive Officer and President
Wilbur Paes670,0000001,735,000052,0802,457,080
Chief Operating Officer, Chief Financial Officer and Treasurer
Peter Brindley577,500025,00001,283,000040,2331,925,733
Executive Vice President, Head of Real Estate
Gage Johnson400,000025,0000505,000025,419955,419
Senior Vice President, General Counsel and Secretary

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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Albert Behler$4,447,497$20,793,396$9,752,312↓ −16,345,899
Wilbur Paes2,457,0809,072,1764,418,176↓ −6,615,096
Peter Brindley1,925,7336,313,9833,160,454↓ −4,388,250
Gage Johnson955,4192,452,3681,412,868↓ −1,496,949

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

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Companies that benchmark against PGRE
6 companies name PGRE as a compensation peer

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Albert BehlerCEO$4,447,497
Peter BrindleyEVP$1,925,733
Wilbur PaesCFO$2,457,080
Gage JohnsonGeneral Counsel$955,419
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Greg WrightIndependent Director$203,000
Hitoshi SaitoIndependent Director$195,000
Karin KleinIndependent Director$188,000
Katharina Otto-BernsteinIndependent Director$183,000
Mark PattersonIndependent Director$191,125
Martin BussmannLead Independent Director$253,000
Paula SutterIndependent Director$203,625
Peter LinnemanFormer director (through FY2024)$39,375
Thomas ArmbrustIndependent Director$200,000
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Martin BussmannDirector2025-05-15A25,370$0$0Derivative, Class A CommonForm 4 ↗
Frederic ArndtsDirector2025-05-15A25,37000CommonForm 4 ↗
Mark PattersonDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Hitoshi SaitoDirector2025-05-15A25,37000CommonForm 4 ↗
Paula SutterDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19A33,82700Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D47,911——Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19A50,37000Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19A4,69900Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D53,06700Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D1,625,783710,730,168Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2025-12-19—684——1 insider, 1 accrual row
Timothy Carey DemboSee remarks2025-12-19D6,119740,385Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D148,7637981,836Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D9,652,845763,708,777Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19A724,84800Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D164,76300Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D414,95472,738,696Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D188,68000Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D12,76900Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D1,081,315——Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D219,020——Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D27,60700Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19D107,3907708,774Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Hitoshi SaitoDirector2025-12-19D91,8777606,388CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D70,2077463,366Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19A63,13900Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D11,07300Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D15,21300Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D191,54871,264,217Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D4,460,424——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D685,041——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D855,546——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D483,486——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D361,27472,384,408Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19A213,090——Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D15,3287101,165Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19A970,682——Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19A154,63400Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D377,35900Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D27,01700Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D30,71300Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D70,29900Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D180,94100Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D125,2307826,518Derivative, Class A CommonForm 4 ↗
Frederic ArndtsDirector2025-12-19D25,3707167,442CommonForm 4 ↗
Martin BussmannDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D120,2147793,412Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19A78,35200Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D15,21300Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D12,76900Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19A64,82400Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D2,511716,573CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D15,37800Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D6,500742,900CommonForm 4 ↗
Mark PattersonDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D209,69771,384,000Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19A78,35200Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D12,76900Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D90,7897599,207Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19A2,641,82800Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D1,037,73600Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D126,64000Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D751,81274,961,959CommonForm 4 ↗
Karin KleinDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19D103,7817684,955Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19A50,37000Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D5,91100Derivative, Class A CommonForm 4 ↗

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 81 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Martin BussmannDirector2025-05-15A25,370$0$0Derivative, Class A CommonForm 4 ↗
Frederic ArndtsDirector2025-05-15A25,37000CommonForm 4 ↗
Mark PattersonDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Hitoshi SaitoDirector2025-05-15A25,37000CommonForm 4 ↗
Paula SutterDirector2025-05-15A25,37000Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19A33,82700Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D47,911——Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19A50,37000Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19A4,69900Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D53,06700Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D1,625,783710,730,168Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D68400Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D6,119740,385Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D148,7637981,836Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D9,652,845763,708,777Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19A724,84800Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D164,76300Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D414,95472,738,696Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D188,68000Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D12,76900Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D1,081,315——Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D219,020——Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D27,60700Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19D107,3907708,774Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Hitoshi SaitoDirector2025-12-19D91,8777606,388CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D70,2077463,366Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19A63,13900Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D11,07300Derivative, Class A CommonForm 4 ↗
Mark PattersonDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D15,21300Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D191,54871,264,217Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D4,460,424——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D685,041——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D855,546——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D483,486——Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D361,27472,384,408Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19A213,090——Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D15,3287101,165Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19A970,682——Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19A154,63400Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D377,35900Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D27,01700Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D30,71300Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D70,29900Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D180,94100Derivative, Class A CommonForm 4 ↗
Peter BrindleyEVP, Head of Real Estate2025-12-19D125,2307826,518Derivative, Class A CommonForm 4 ↗
Frederic ArndtsDirector2025-12-19D25,3707167,442CommonForm 4 ↗
Martin BussmannDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D120,2147793,412Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19A78,35200Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D15,21300Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D25,00000Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D12,76900Derivative, Class A CommonForm 4 ↗
Greg WrightDirector2025-12-19D25,5887168,881Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19A64,82400Derivative, Class A CommonForm 4 ↗
Timothy Carey DemboSee remarks2025-12-19D2,511716,573CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D15,37800Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D6,500742,900CommonForm 4 ↗
Mark PattersonDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D209,69771,384,000Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19A78,35200Derivative, Class A CommonForm 4 ↗
Karin KleinDirector2025-12-19D12,76900Derivative, Class A CommonForm 4 ↗
Paula SutterDirector2025-12-19D90,7897599,207Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19A2,641,82800Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D1,037,73600Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D126,64000Derivative, Class A CommonForm 4 ↗
Albert BehlerDirector2025-12-19D751,81274,961,959CommonForm 4 ↗
Karin KleinDirector2025-12-19D25,37000Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19D103,7817684,955Derivative, Class A CommonForm 4 ↗
Martin BussmannDirector2025-12-19A50,37000Derivative, Class A CommonForm 4 ↗
Ermelinda BerberiSee Remarks2025-12-19D5,91100Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Peter BrindleyRSU2024-02-29——6,143—$25,000
Gage JohnsonRSU2024-02-29——6,143—25,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Peter Brindley$25,000$0$00.0%
Gage Johnson25,000000.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Albert BehlerRSU1,037,736—$5,126,416
Albert BehlerPSU703,565—3,475,611
Wilbur PaesRSU566,038—2,796,228
Peter BrindleyRSU377,359—1,864,153
Albert BehlerRSU253,279—1,251,198
Wilbur PaesPSU225,141—1,112,197
Wilbur PaesRSU180,941—893,849
Peter BrindleyRSU180,941—893,849
Wilbur PaesRSU34,966—172,732
Peter BrindleyPSU150,094—741,464
Gage JohnsonRSU123,821—611,676
Albert BehlerRSU123,573—610,451
Wilbur PaesRSU81,050—400,387
Wilbur PaesRSU79,087—390,690
Albert BehlerRSU54,633—269,887
Peter BrindleyRSU54,034—266,928
Peter BrindleyRSU52,725—260,462
Gage JohnsonPSU49,250—243,295
Peter BrindleyRSU30,713—151,722
Gage JohnsonRSU30,713—151,722
Albert BehlerRSU29,445—145,458
Gage JohnsonRSU6,626—32,732
Gage JohnsonRSU3,157—15,596
Albert BehlerOption641,6606.17—
Peter BrindleyRSU23,311—115,156
Gage JohnsonRSU17,731—87,591
Wilbur PaesOption47,5008.63—
Peter BrindleyOption6,2508.63—
Gage JohnsonRSU17,301—85,467
Peter BrindleyRSU16,565—81,831
Wilbur PaesRSU16,489—81,456
Wilbur PaesOption246,3986.17—
Peter BrindleyRSU10,993—54,305
Gage JohnsonRSU7,649—37,786
Peter BrindleyRSU6,314—31,191
Albert BehlerOption331,0399.31—
Wilbur PaesOption65,6258.63—
Gage JohnsonRSU4,123—20,368
Albert BehlerOption195,3138.63—
Wilbur PaesOption127,1199.31—
Peter BrindleyOption43,7508.63—
Gage JohnsonOption16,4078.63—
Peter BrindleyOption84,7469.31—
Peter BrindleyOption164,2656.17—
Gage JohnsonOption27,8089.31—
Gage JohnsonOption53,9006.17—
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to incentivize the creation and maximization of long-term stockholder value by aligning the compensation structure for executives with the achievement of our business strategies. We seek to align the interests of our executives with our long-term stockholders by tying the vast majority of their non-salary compensation to performance-based incentives, while creating a balanced approach that reduces volatility and promotes a long-term view.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)—
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-15117,644,00559,747,7937,697,48266.32%Passed
20242024-05-1692,351,03393,596,4978,82449.67%Failed
20232023-05-18137,826,23228,128,710776,40183.05%Passed
20222022-05-12141,500,93927,140,55212,272,57783.91%Passed
20212021-05-13159,154,83116,763,629203,18490.47%Passed
20202020-05-19163,169,50524,133,35441,02487.12%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
20252025-05-1566.32%a
20242024-05-1649.67%b
20232023-05-1883.05%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Majority Voting." Abstentions and broker non-votes with respect to Proposal 1 will have no effect on the election of directors.”.

c. Approved under the standard stated in the filing — “Majority Voting." Abstentions and broker non-votes with respect to Proposal 1 will have no effect on the election of directors.”.

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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Martin BussmannIndependent · Lead Independent Director · COMP · NCG (Chair)$145,000$108,000———$253,000
Paula SutterIndependent95,625108,000———203,625
Greg WrightIndependent · COMP (Chair)95,000108,000———203,000
Thomas ArmbrustIndependent · Nominating and Corporate Governance · Investment and Finance · Not standing for re-election80,000120,000———200,000
Hitoshi SaitoIndependent75,000120,000———195,000
Mark PattersonIndependent83,125108,000———191,125
Karin KleinIndependent80,000108,000———188,000
Katharina Otto-BernsteinIndependent · Not standing for re-election75,000108,000———183,000
Peter LinnemanIndependent · Departed during FY39,3750———39,375
Albert BehlerEmployee director · Board Chair · IFC (Chair)—————0
Frederic ArndtsIndependent——————
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$768,125
Equity awards (grant-date value)$888,000
All other compensation$0
Total cost of the board$1,656,125

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

10

Disclosed peer group — fiscal year 2024

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 Paramount Group 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 Paramount Group.

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
1Boston Properties, Inc.2025Michael Mahoney$1,442,603$13,608,056$3,749,980$4,002,001$23,532,050
2SL Green Realty Corp.2025Marc Holliday1,400,00014,271,65601,639,39017,356,826
3Empire State Realty Trust, Inc.2025Anthony Malkin896,9239,422,6970012,669,394
4Douglas Emmett, Inc.2025Jordan Kaplan800,0008,170,000009,012,069
5Alexandria Real Estate Equities, Inc.2025Peter Moglia840,0006,106,50201,890,0008,844,053
6COPT Defense Properties2025Stephen Budorick799,4235,085,41701,680,0007,582,340
7Kilroy Realty Corporation2025Angela Aman820,0004,433,57701,801,8507,072,527
8Piedmont Office Realty Trust, Inc.2025C. Brent Smith710,0003,766,34201,250,0005,757,342
9Highwoods Properties, Inc.2025Theodore Klinck772,0672,795,39701,291,1545,124,352
10Paramount Group2024Albert Behler1,134,000002,615,0004,447,497
11Vornado Realty Trust2025Steven Roth1,000,0000003,135,628
12Hudson Pacific Properties, Inc.2025Victor Coleman1,000,000356,326—02,766,883

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
Paramount Group154%P-AOLTIP 60 · T-LTIP 40NoFrederic W. Cook & Co., Inc. (FW Cook)
Alexandria Real Estate Equities, Inc.not disclosedPSU 50 · RSU 50Yes — Absolute TSRFTI Consulting, Inc.
Boston Properties, Inc.173%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC
COPT Defense Properties150%PSU 60 · LTIP Units 40Yes — Total Shareholder Return (TSR)Ferguson Partners Consulting, L.P.
Douglas Emmett, Inc.not disclosedLTIP Units 100Yes — Total Shareholder Return (TSR)FTI Consulting, Inc.
Empire State Realty Trust, Inc.164%PSU 55 · LTIP Units 45Yes — TSR performance relative to the Nareit Office IndexFerguson Partners Consulting
Highwoods Properties, Inc.119%RSU 50 · MSU 50Yes — Relative TSR vs FTSE NAREIT Equity Office IndexPearl Meyer
Hudson Pacific Properties, Inc.not disclosedLTIP Units 50 · PSU 50Yes — Relative TSR vs. Nareit Office IndexFerguson Partners Consulting (FPC)
Kilroy Realty Corporation125.6%PSU 75 · RSU 25Yes — TSR Percentile RankingKorn Ferry
Piedmont Office Realty Trust, Inc.117%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) relative to peersFerguson Partners Consulting L.P.
SL Green Realty Corp.not disclosedPSU 67 · RSU 33Yes — Office REIT Peers TSRFerguson Partners
Vornado Realty Trust168%PSU 100Yes — Relative TSR vs LTPP Peer GroupFTI Consulting, Inc.

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.

10d

Frequently asked questions

Who was the highest-paid executive at Paramount Group in fiscal 2024?
As disclosed, Albert Behler (Chairman, Chief Executive Officer and President) was the highest-paid executive at Paramount Group in fiscal 2024, with total compensation of $4,447,497.
How does Paramount Group's chief executive pay compare to its disclosed peer group?
As disclosed, Albert Behler's total compensation ranked at the 18th percentile of Paramount Group's disclosed peer group.
How did shareholders vote on Paramount Group's executive compensation?
As disclosed, 66.32% of shareholders supported Paramount Group's executive compensation in the latest say-on-pay vote.
How much does Paramount Group spend in total on board compensation for fiscal 2024?
As disclosed, Paramount Group reported total board compensation of $1,656,125 for fiscal 2024.

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, Albert BehlerDEF 14A2025-04-030001558370-25-004397Section “Summary Compensation Table”. As printed: 4,447,497. Filing ↗machine: span 1533974–1533983
2Section 01, Wilbur PaesDEF 14A2025-04-030001558370-25-004397Section “Summary Compensation Table”. As printed: 2,457,080. Filing ↗machine: span 1546897–1546906
3Section 01, Peter BrindleyDEF 14A2025-04-030001558370-25-004397Section “Summary Compensation Table”. As printed: 1,925,733. Filing ↗machine: span 1563788–1563797
4Section 01, Gage JohnsonDEF 14A2025-04-030001558370-25-004397Section “Summary Compensation Table”. As printed: 955,419. Filing ↗machine: span 1576684–1576691
5Section 03, Peter Brindley RSUDEF 14A2025-04-030001558370-25-004397Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t266 · r7 · c18 · span 1744328–1744333
6Section 03, Gage Johnson RSUDEF 14A—0001558370-25-004397Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t251 · r12 · c10 · span 1575014–1575020
7Section 08, Martin BussmannDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 253,000. Filing ↗machine: span 530772–530934
8Section 08, Paula SutterDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 203,625. Filing ↗machine: span 539989–540151
9Section 08, Greg WrightDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 203,000. Filing ↗machine: span 541963–542125
10Section 08, Thomas ArmbrustDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 200,000. Filing ↗machine: span 528949–529091
11Section 08, Hitoshi SaitoDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 195,000. Filing ↗machine: span 538150–538312
12Section 08, Mark PattersonDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 191,125. Filing ↗machine: span 536291–536453
13Section 08, Karin KleinDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 188,000. Filing ↗machine: span 532580–532742
14Section 08, Katharina Otto-BernsteinDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 183,000. Filing ↗machine: span 534450–534612
15Section 08, Peter LinnemanDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 39,375. Filing ↗machine: span 542891–543052
16Section 08, Albert BehlerDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Frederic ArndtsDEF 14A2025-04-030001558370-25-004397Section “Director Compensation”. As printed: —. Filing ↗
18Section 02, Martin Bussmann 2025-05-15Form 42025-05-190000950170-25-074469Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Frederic Arndts 2025-05-15Form 42025-07-110000950170-25-095318Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Mark Patterson 2025-05-15Form 42025-05-190000950170-25-074432Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Greg Wright 2025-05-15Form 42025-05-190000950170-25-074449Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Karin Klein 2025-05-15Form 42025-05-190000950170-25-074441Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Hitoshi Saito 2025-05-15Form 42025-05-190000950170-25-074457Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Paula Sutter 2025-05-15Form 42025-05-190000950170-25-074433Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Mark Patterson 2025-12-19Form 42025-12-220001193125-25-329227Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Paula Sutter 2025-12-19Form 42025-12-220001193125-25-329214Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Paula Sutter 2025-12-19Form 42025-12-220001193125-25-329214Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Mark Patterson 2025-12-19Form 42025-12-220001193125-25-329227Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Mark Patterson 2025-12-19Form 42025-12-220001193125-25-329227Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Hitoshi Saito 2025-12-19Form 42025-12-220001193125-25-329233Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Paula Sutter 2025-12-19Form 42025-12-220001193125-25-329214Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Martin Bussmann 2025-12-19Form 42025-12-220001193125-25-329219Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Mark Patterson 2025-12-19Form 42025-12-220001193125-25-329227Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Paula Sutter 2025-12-19Form 42025-12-220001193125-25-329214Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Peter Brindley 2025-12-19Form 42025-12-220001193125-25-329216Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Frederic Arndts 2025-12-19Form 42025-12-220001193125-25-329218Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Martin Bussmann 2025-12-19Form 42025-12-220001193125-25-329219Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Martin Bussmann 2025-12-19Form 42025-12-220001193125-25-329219Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Greg Wright 2025-12-19Form 42025-12-220001193125-25-329236Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Timothy Carey Dembo 2025-12-19Form 42025-12-220001193125-25-329241Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Mark Patterson 2025-12-19Form 42025-12-220001193125-25-329227Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Paula Sutter 2025-12-19Form 42025-12-220001193125-25-329214Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Albert Behler 2025-12-19Form 42025-12-220001193125-25-329208Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Karin Klein 2025-12-19Form 42025-12-220001193125-25-329207Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Martin Bussmann 2025-12-19Form 42025-12-220001193125-25-329219Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Martin Bussmann 2025-12-19Form 42025-12-220001193125-25-329219Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Ermelinda Berberi 2025-12-19Form 42025-12-220001193125-25-329209Insider equity transaction reported since the proxy statement. Filing ↗
99Section 06, 2025 voteForm 8-K2025-05-190000950170-25-074380Item 5.07 · say-on-pay result. As reported: 66.32% (votes for as printed: 117,644,005). Filing ↗
100Section 06, 2024 voteForm 8-K2024-05-170000950170-24-061716Item 5.07 · say-on-pay result. As reported: 49.67% (votes for as printed: 92,351,033). Filing ↗
101Section 06, 2023 voteForm 8-K2023-05-230000950170-23-023653Item 5.07 · say-on-pay result. As reported: 83.05% (votes for as printed: 137,826,232). Filing ↗
102Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
103Section 03b vehicle mix (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
104Section 09b board cost (computed)Computed——Cash 768,125 + equity 888,000 + all other 0 = 1,656,125, summed across the director compensation table rows.machine: formula: Σ = 1,656,125
105Boston Properties, Inc., Section 10b CEO totalDEF 14A2026-03-180000885725-26-000025CEO total compensation as printed in Boston Properties, Inc.'s own proxy. As printed: 23,532,050. Filing ↗machine: r2 · c27 · span 1249807–1249817
106SL Green Realty Corp., Section 10b CEO totalDEF 14A2026-04-220001104659-26-046866CEO total compensation as printed in SL Green Realty Corp.'s own proxy. As printed: 17,356,826. Filing ↗machine: span 1592570–1592580
107Empire 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
108Douglas 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
109Alexandria Real Estate Equities, Inc., Section 10b CEO totalDEF 14A2026-04-010001035443-26-000031CEO total compensation as printed in Alexandria Real Estate Equities, Inc.'s own proxy. As printed: 8,844,053. Filing ↗machine: r6 · c19 · span 3171042–3171051
110COPT Defense Properties, 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
111Kilroy 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
112Piedmont 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
113Highwoods 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
114Paramount Group (subject), Section 10b CEO totalDEF 14A2025-04-030001558370-25-004397CEO total compensation as printed in Paramount Group's own proxy. As printed: 4,447,497. Filing ↗machine: span 1533974–1533983
115Vornado Realty Trust, Section 10b CEO totalDEF 14A2026-04-070001104659-26-040386CEO total compensation as printed in Vornado Realty Trust's own proxy. As printed: 3,135,628. Filing ↗machine: t140 · r1 · c54 · span 1243172–1243181
116Hudson 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 ↗
117Section 10a, Alexandria Real Estate Equities, Inc. reciprocityDEF 14A—0001035443-26-000031Alexandria Real Estate Equities, Inc.'s most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
118Section 10a, Piedmont Office Realty Trust, Inc. reciprocityDEF 14A—0001174947-26-000393Piedmont Office Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
119Section 10a, COPT Defense Properties reciprocityDEF 14A—0000860546-26-000017COPT Defense Properties's most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
120Section 10a, Highwoods Properties, Inc. reciprocityDEF 14A—0000921082-26-000030Highwoods Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
121Section 10a, Kilroy Realty Corporation reciprocityDEF 14A—0001193125-26-149727Kilroy Realty Corporation's most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
122Section 10a, SL Green Realty Corp. reciprocityDEF 14A—0001104659-26-046866SL Green Realty Corp. names Paramount Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
123Section 10a, Vornado Realty Trust reciprocityDEF 14A—0001104659-26-040386Vornado Realty Trust's most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
124Section 10a, Boston Properties, Inc. reciprocityDEF 14A—0000885725-26-000025Boston Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
125Section 10a, Hudson Pacific Properties, Inc. reciprocityDEF 14A—0001104659-26-047885Hudson Pacific Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗
126Section 10a, Douglas Emmett, Inc. reciprocityDEF 14A—0001364250-26-000020Douglas Emmett, Inc.'s most recent proxy was read; its disclosed peer group does not include Paramount Group. Filing ↗

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