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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

REDWOOD TRUST INC

RWT · FY2025

ALIGNED

CEO Package

$6.1M

Pay Ratio

—

Christopher J. Abate

Pay fell roughly in step with TSR

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$15.2MRWT$6.1MSBAC$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 2.5x RWT.
SBAC reads mixed, 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%

RWT

Christopher J. Abate

$6.1M

base salary16%
stock awards53%
non-equity incentive compensation29%
other compensation1%

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
REDWOOD TRUST INC(RWT)Christopher J. Abate2025$6.1M
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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