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Cushman & Wakefield Ltd.

CWK · FY2025

ALIGNED

CEO Package

$9.5M

Pay Ratio

Michelle Mackay

Pay reset -2.2% while TSR improved +2.7 pts

Ellington Financial Inc.

EFC

MIXED

CEO Package

Pay Ratio

Ellington Financial Inc.

Awaiting a fuller pay-performance history

Terreno Realty Corp

TRNO · FY2025

ALIGNED

CEO Package

$5.4M

Pay Ratio

W. Blake Baird

Returns outran pay growth by +2.9 pts

CEOTotal Compensation — All Companies

CWK$9.5MEFCTRNO$5.4M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

CWK carries the largest package at $9.5M, about 1.7x TRNO.
EFC reads mixed, while CWK looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

CWK

Michelle Mackay

$9.5M

base salary13%
stock awards60%
non-equity incentive compensation26%
other compensation0%

EFC

Ellington Financial Inc.

Component-level breakdown is unavailable for this company.

TRNO

W. Blake Baird

$5.4M

base salary15%
stock awards85%
other compensation0%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Cushman & Wakefield Ltd.(CWK)Michelle Mackay2025$9.5M
Ellington Financial Inc.(EFC)N/A2025N/A
Terreno Realty Corp(TRNO)W. Blake Baird2025$5.4M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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