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SBA Communications Corporation

SBAC · FY2024

MISALIGNED

CEO Package

$8.8M

Pay Ratio

129:1

Brendan T. Cavanagh

Pay rose +76.0% while TSR fell -10.2 pts

Prologis, Inc.

PLD · FY2024

ALIGNED

CEO Package

$24.9M

Pay Ratio

201:1

Hamid Moghadam

Pay fell roughly in step with TSR

EQUINIX INC

EQIX · FY2025

ALIGNED

CEO Package

$22.7M

Pay Ratio

Adaire Fox-Martin

Pay fell roughly in step with TSR

CEO Total Compensation — All Companies

SBAC$8.8MPLD$24.9MEQIX$22.7M

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 $24.9M, about 2.8x SBAC.
SBAC reads misaligned, while PLD looks aligned.
Pay ratio spreads from 129:1 at SBAC to 201:1 at PLD.

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.

SBAC

Brendan T. Cavanagh

$8.8M

base salary10%
stock awards75%
non-equity incentive compensation15%
other compensation0%

PLD

Hamid Moghadam

$24.9M

base salary0%
stock awards95%
other compensation0%

EQIX

Adaire Fox-Martin

$22.7M

base salary4%
stock awards95%
non-equity incentive compensation0%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
SBA Communications Corporation(SBAC)Brendan T. Cavanagh2024$8.8M
Prologis, Inc.(PLD)N/A2025N/A
EQUINIX INC(EQIX)Adaire Fox-Martin2025$22.7M

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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