Companies Presidio Property Trust
Presidio Property Trust (SQFT): executive pay, fiscal 2025
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CEO pay, last three years
- $747,031FY2024
- $613,497FY2025
CEO total pay was $613,497 in fiscal 2025, down from $747,031 in fiscal 2024.
FY2025: salary $450,000 · bonus $0 · stock awards $104,200 · option awards $0
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Jack Heilbron | $450,000 | $0 | $104,200 | $0 | $0 | $0 | $59,297 | $613,497 |
| Chairman of the Board, President and CEO | ||||||||
| Gary Katz | 332,061 | 0 | 156,300 | 0 | 31,200 | 0 | 32,892 | 552,453 |
| Chief Investment Officer and former SVP, Asset Management | ||||||||
| Ed Bentzen | 236,900 | 0 | 78,150 | 0 | 31,200 | 0 | 29,662 | 375,912 |
| Chief Financial 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Jack Heilbron | $613,497 | $747,031 | — | ↓ −133,534 |
| Gary Katz | 552,453 | 746,382 | — | ↓ −193,929 |
| Ed Bentzen | 375,912 | 477,586 | — | ↓ −101,674 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Compensation Committee believes that the most effective executive compensation program is one that is designed to reward the achievement of specific annual, long-term and strategic goals by us and that aligns executives’ interests with those of the stockholders by rewarding performance above established goals with the ultimate objective of improving stockholder value. Executive compensation packages should include both cash and share-based compensation that rewards performance measured against established goals.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Jack Heilbron | RSU | 80 | — | $266 |
| Jack Heilbron | RSU | 257 | — | 856 |
| Ed Bentzen | RSU | 5,000 | — | 16,650 |
| Gary Katz | RSU | 10,000 | — | 33,300 |
| Ed Bentzen | RSU | 10,000 | — | 33,300 |
| Jack Heilbron | RSU | 12,000 | — | 39,960 |
| Jack Heilbron | RSU | 13,333 | — | 44,399 |
| Gary Katz | RSU | 20,000 | — | 66,600 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Elena PiliptchakIndependent | $30,000 | $37,352 | — | — | $0 | $77,352 |
| Jennifer A. BarnesIndependent | 40,000 | 25,000 | — | — | 0 | 65,000 |
| James R. DurfeyIndependent | 40,000 | 25,000 | — | — | 0 | 65,000 |
| Tracie HagerIndependent | 40,000 | 25,000 | — | — | 0 | 65,000 |
Board fee structure and ownership guideline
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $150,000 |
| Equity awards (grant-date value) | $112,352 |
| All other compensation | $0 |
| Total cost of the board | $262,352 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Presidio Property Trust as a peer
Companies that benchmark against SQFT
No companies currently name SQFT as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Presidio Property Trust | 2025 | Jack Heilbron | $450,000 | $104,200 | $0 | $0 | $613,497 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-06-02 | 3,456,567 | 463,104 | 606,335 | 88.19% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-06-02 | 88.19%a |
a. Approved under the standard stated in the filing — “Abstentions and withhold votes, if any, will have no effect on the outcome of Proposal 1.”.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (11 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Jack Heilbron. DEF 14A, filed 2026-04-21. Section “Executive Compensation”. As printed: 613,497. View filing ↗
- Section 01, Gary Katz. DEF 14A, filed 2026-04-21. Section “Executive Compensation”. As printed: 552,453. View filing ↗
- Section 01, Ed Bentzen. DEF 14A, filed 2026-04-21. Section “Executive Compensation”. As printed: 375,912. View filing ↗
- Section 08, Elena Piliptchak. DEF 14A, filed 2026-04-21. Section “Director Compensation”. As printed: 77,352. View filing ↗
- Section 08, Jennifer A. Barnes. DEF 14A, filed 2026-04-21. Section “Director Compensation”. As printed: 65,000. View filing ↗
- Section 08, James R. Durfey. DEF 14A, filed 2026-04-21. Section “Director Compensation”. As printed: 65,000. View filing ↗
- Section 08, Tracie Hager. DEF 14A, filed 2026-04-21. Section “Director Compensation”. As printed: 65,000. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-02. Item 5.07 · say-on-pay result. As reported: 88.19% (votes for as printed: 3,456,567). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 150,000 + equity 112,352 + all other 0 = 262,352, summed across the director compensation table rows.
- Presidio Property Trust (subject), Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Presidio Property Trust's own proxy. As printed: 613,497. View filing ↗
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