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Prologis, Inc.

PLD · FY2025

ALIGNED

CEO Package

$15.2M

Pay Ratio

—

Daniel Letter

Returns outran pay growth by +17.9 pts

REGENCY CENTERS CORP

REG · FY2025

MISALIGNED

CEO Package

$11.1M

Pay Ratio

—

Lisa Palmer

Pay rose +16.0% while TSR fell -17.0 pts

SBA Communications Corporation

SBAC · FY2025

MIXED

CEO Package

$11.4M

Pay Ratio

—

Brendan T. Cavanagh

Pay and TSR both rose, but not in lockstep

CEOTotal Compensation — All Companies

PLD$15.2MREG$11.1MSBAC$11.4M

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.

PLD carries the largest package at $15.2M, about 1.4x REG.
REG reads misaligned, while PLD 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.

PLD

Daniel Letter

$15.2M

base salary5%
stock awards82%
other compensation0%

REG

Lisa Palmer

$11.1M

base salary9%
stock awards64%
non-equity incentive compensation26%
other compensation0%

SBAC

Brendan T. Cavanagh

$11.4M

base salary8%
stock awards76%
non-equity incentive compensation15%
other compensation0%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Prologis, Inc.(PLD)Daniel Letter2025$15.2M
REGENCY CENTERS CORP(REG)Lisa Palmer2025$11.1M
SBA Communications Corporation(SBAC)Brendan T. Cavanagh2025$11.4M

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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