Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

Seven Hills Realty Trust (SEVN)

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.

$100,391
Thomas J. Lorenzini total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
88.04%
Say-on-pay support, latest vote
Companies that benchmark against SEVN
5 companies name SEVN as a compensation peer

Each company listed discloses SEVN 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 SEVN 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
Thomas J. Lorenzini$0$0$89,996$0$0$0$10,395$100,391
President and Chief Investment Officer
Matthew C. Brown0079,9990006,70386,702
Chief Financial Officer and Treasurer
Fernando Diaz0000001,2461,246
Former Chief Financial Officer and Treasurer

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
Thomas J. Lorenzini$100,391$64,274+36,117
Matthew C. Brown86,702
Fernando Diaz1,24643,15813,159−41,912

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
William A. LamkinDirector2026-06-09A9,976CommonForm 4 ↗
William A. LamkinDirector2026-06-09A9,97600CommonForm 4 ↗
Matthew P. JordanDirector2026-06-09A9,976CommonForm 4 ↗
Barbara D. GilmoreDirector2026-06-09A9,976CommonForm 4 ↗
Joseph L. MoreaDirector2026-06-09A9,976CommonForm 4 ↗
Mark A. TalleyDirector2026-06-09A9,976CommonForm 4 ↗
William A. LamkinDirector2026-06-09D9,97600CommonForm 4 ↗
Ann M. DannerDirector2026-06-09A9,976CommonForm 4 ↗
Adam PortnoyDirector2026-06-09A9,976CommonForm 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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Thomas J. LorenziniRSU6,539$58,197
Thomas J. LorenziniRSU1,40012,460
Matthew C. BrownRSU8007,120
Thomas J. LorenziniRSU7006,230
Matthew C. BrownRSU5,81351,736
Matthew C. BrownRSU4003,560
Matthew C. BrownRSU1,50413,386
Thomas J. LorenziniRSU2,43321,654
05

Incentive-plan design — the Compensation Discussion & Analysis

Our Compensation Committee believes that these share awards recognize our executive officers scope of responsibilities, reward demonstrated performance and leadership, motivate future performance and further align the interests of the executive officers with those of our shareholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policytrue
Anti-hedgingTrue
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-305,970,912810,753109,25488.04%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
20242024-05-3088.04%a

a. Approved under the standard stated in the filing — “Abstentions are not votes cast and, therefore, will not be included in vote totals and will have no effect on the outcome of any proposal to be acted upon at our 2024 Annual Meeting.”.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ann M. DannerIndependent · Audit · Compensation · Nominating/Governance · Newly elected$70,000$129,984$0$0$0$199,984
Jeffrey P. SomersIndependent · Lead Independent Director · Audit (Chair)87,50069,991000157,491
Joseph L. MoreaIndependent · Audit85,00069,991000154,991
William A. LamkinIndependent · Compensation · Nominating/Governance (Chair)82,50069,991000152,491
Barbara D. GilmoreIndependent · Compensation (Chair) · Nominating/Governance82,50069,991000152,491
Matthew P. JordanNot independent069,99100069,991
Adam PortnoyNot independent · Board Chair069,99100069,991
09

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$70,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)17,500 / 12,500 / 12,500
Stock ownership guideline$30,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$407,500
Equity awards (grant-date value)$549,930
All other compensation$0
Total cost of the board$957,430

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

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
1Seven Hills Realty Trust2025Thomas J. Lorenzini$0$89,996$0$0$100,391

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Seven Hills Realty Trust in fiscal 2025?
Thomas J. Lorenzini, President and Chief Investment Officer, was the highest-paid executive at Seven Hills Realty Trust in fiscal 2025 with total compensation of $100,391.
How does Seven Hills Realty Trust's chief executive pay compare to its disclosed peer group?
The filing does not disclose the CEO pay percentile of disclosed peers for Seven Hills Realty Trust in fiscal 2025.
What is Seven Hills Realty Trust's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this extract for Seven Hills Realty Trust.
How did shareholders vote on Seven Hills Realty Trust's executive compensation?
Shareholders of Seven Hills Realty Trust supported the executive compensation plan with 88.04% approval in the latest vote.
How much does Seven Hills Realty Trust spend in total on board compensation for fiscal 2025?
The total board compensation for Seven Hills Realty Trust in fiscal 2025 was $957,430.

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, Thomas J. LorenziniDEF 14A2026-03-180001104659-26-030948Section “Summary Compensation Table” · page 24. As printed: 100,391. Filing ↗machine: t58 · r1 · c35 · span 534105–534112
2Section 01, Matthew C. BrownDEF 14A2026-03-180001104659-26-030948Section “Summary Compensation Table” · page 24. As printed: 86,702. Filing ↗machine: r3 · c35 · span 545217–545223
3Section 01, Fernando DiazDEF 14A2026-03-180001104659-26-030948Section “Summary Compensation Table” · page 24. As printed: 1,246. Filing ↗machine: r4 · c35 · span 549030–549035
4Section 07, pay ratioDEF 14A2026-03-180001104659-26-030948Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Ann M. DannerDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 199,984. Filing ↗machine: t50 · r1 · c23 · span 438786–438793
6Section 08, Jeffrey P. SomersDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 157,491. Filing ↗machine: t50 · r7 · c23 · span 456307–456314
7Section 08, Joseph L. MoreaDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 154,991. Filing ↗machine: t50 · r5 · c23 · span 449861–449868
8Section 08, William A. LamkinDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 152,491. Filing ↗machine: t50 · r4 · c23 · span 446900–446907
9Section 08, Barbara D. GilmoreDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 152,491. Filing ↗machine: t50 · r2 · c23 · span 441313–441320
10Section 08, Matthew P. JordanDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 69,991. Filing ↗machine: t50 · r3 · c11 · span 443144–443150
11Section 08, Adam PortnoyDEF 14A2026-03-180001104659-26-030948Section “Director Compensation”. As printed: 69,991. Filing ↗machine: t50 · r6 · c11 · span 451478–451484
12Section 02, William A. Lamkin 2026-06-09Form 42026-06-100001104659-26-072506Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, William A. Lamkin 2026-06-09Form 42026-06-100001104659-26-072506Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Matthew P. Jordan 2026-06-09Form 42026-06-100001104659-26-072505Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Barbara D. Gilmore 2026-06-09Form 42026-06-100001104659-26-072504Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Joseph L. Morea 2026-06-09Form 42026-06-100001104659-26-072502Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Mark A. Talley 2026-06-09Form 42026-06-100001104659-26-072500Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, William A. Lamkin 2026-06-09Form 42026-06-100001104659-26-072506Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Ann M. Danner 2026-06-09Form 42026-06-100001104659-26-072503Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Adam Portnoy 2026-06-09Form 42026-06-100001104659-26-072501Insider equity transaction reported since the proxy statement. Filing ↗
21Section 06, 2024 voteForm 8-K2024-06-030001104659-24-067492Item 5.07 · say-on-pay result. As reported: 88.04% (votes for as printed: 5,970,912). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)ComputedcomputedCash 407,500 + equity 549,930 + all other 0 = 957,430, summed across the director compensation table rows.machine: formula: Σ = 957,430
24Seven Hills Realty Trust (subject), Section 10b CEO totalDEF 14A2026-03-180001104659-26-030948CEO total compensation as printed in Seven Hills Realty Trust's own proxy. As printed: 100,391. Filing ↗machine: t58 · r1 · c35 · span 534105–534112