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W. Matthew Kelly received $5.5M in total compensation as Chief Executive Officer of JBG SMITH Properties in FY2025. The largest component was $3.5M in stock awards. That’s down 40% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, W. Matthew Kelly, Chief Executive Officer of JBG SMITH Properties (JBGS), received total compensation of $5.5 million.
W. Matthew Kelly's compensation breakdown includes: base salary of $750K, bonus of $1.3 million, stock awards valued at $3.5 million, and other compensation of $12K.
Compared to fiscal year 2024, W. Matthew Kelly's total compensation decreased 40% from $9.2 million to $5.5 million.
JBG SMITH Properties's top 5 named executive officers received combined total compensation of $13.1 million in fiscal year 2025.
The named executive officers disclosed in JBG SMITH Properties's 2025 proxy statement are:W. Matthew Kelly (Chief Executive Officer) with total compensation of $5.5 million, M. Moina Banerjee (Chief Financial Officer) with total compensation of $2.3 million, George L. Xanders (Chief Investment Officer) with total compensation of $2.2 million, Steven A. Museles (Chief Legal Officer) with total compensation of $1.7 million, and Evan Regan-Levine (Chief Strategy Officer) with total compensation of $1.5 million.
Source Filing
Executive Record
W. Matthew Kelly
Chief Executive Officer
Reported Pay
$5.5MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $5.5M against +11% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed -40%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for JBGS.
Team view
5 executives
Chief Executive Officer
Total PayFY2025
$5.5M
Chief Financial Officer
Total PayFY2025
$2.3M
Chief Investment Officer
Total PayFY2025
$2.2M
Chief Legal Officer
Total PayFY2025
$1.7M
Chief Strategy Officer
Total PayFY2025
$1.5M
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01FY2025 total compensation breakdown
$5.5M total compensation
W. Matthew Kelly earned $5.5M in FY2025— here's how that breaks down.
$3.5M
63% of total
$1.3M
23% of total
$750.0K
14% of total
$11.9K
0% of total
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the small-cap median compensation benchmark for companies around $915.5M market cap, based on 213 peers in this size band.
03Recent insider trades by officers and directors
~40 trades
04Showing FY2025 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $0.75M | $1.26M | $3.50M | $0.00M | $0.01M | $5.52M | |
| 2024 | $0.75M | $0.92M | $7.50M | $0.00M | $0.01M | $9.18M | |
| 2023 | $0.75M | $1.13M | $6.00M | $0.00M | $0.01M | $7.88M | |
| 2022 | $0.75M | $1.13M | $6.00M | $0.00M | $0.01M | $7.88M | |
| 2021 | $0.75M | $1.13M | $14.2M | $0.00M | $0.01M | $16.1M | |
| 2020 | $0.75M | $0.64M | $6.00M | $0.00M | $0.01M | $7.40M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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JBG SMITH Properties (JBGS) — Key Facts
Last updated Jun 25, 2026 · DEF 14A filed Mar 18, 2026
| CEO | W. Matthew Kelly, Chief Executive Officer |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $5.5M |
| Base salary | $750K |
| Stock awards | $3.5M |
| Other compensation | $12K |
| Year-over-year change | -40% |
| Source | DEF 14A, 2026-03-18 |
W. Matthew Kelly, the Chief Executive Officer of JBG SMITH Properties, received total compensation of $5.5 million in fiscal year 2025. This includes base salary of $750,000 and stock awards valued at $3.5 million.
W. Matthew Kelly's base salary at JBG SMITH Properties is $750,000 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $5.5 million.
JBG SMITH Properties's CEO, W. Matthew Kelly, earned $5.5 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($3.5 million) rather than base salary ($750,000).