Presidio Property Trust, Inc.
For the period ended Apr 21, 2026. Filed Apr 21, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 21, 2026 · Filed Apr 21, 2026
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Contents
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance measures for the Company for each of the last two completed fiscal years. The following provides pay versus performance information pursuant to the scaled disclosure rules applicable to smaller reporting companies. In determining the “compensation actually paid” (“CAP”) to our named executive officers, or NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table (“SCT”) in previous years, as the SEC’s calculation methods for this section differ from those required in the SCT. The table below summarizes compensation values both previously reported in the SCT, as well as the adjusted amounts required to be reported in this section for the years ended December 31, 2025, 2024, and 2023. We determined Core FFO to be the most important financial performance measure used to link company performance to CAP to our PEOs and non-PEO named executive officers (“NEOs”) in 2025, 2024, and 2023.
| Year | SCT total for PEO | Comp actually paid to PEO | Average SCT total for non-PEO NEOs | Average comp actually paid to non-PEO NEOs | Value of initial fixed $100 investment based on Total Shareholder Return | Net income | Core FFO |
|---|---|---|---|---|---|---|---|
| (a) | (b) | (c) | (d) | (e) | (f) | (h) | (i) |
| 2025 | $613,497 | $303,941 | $464,183 | $257,047 | $41.89 | $(10,571,292) | $(2,702,674) |
| 2024 | $747,031 | $584,607 | $611,984 | $447,402 | $71.43 | $(27,865,225) | $(1,416,047) |
| 2023 | $698,221 | $102,347 | $525,813 | $360,363 | $108.83 | $8,027,600 | $(900,271) |
| (1) | Our principal executive officer (“PEO”) for each of the years shown was Mr. Heilbron. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Heilbron for each corresponding year in the “Total” column of the SCT. |
| (2) | The non-PEO NEOs for the year ended December 31, 2025 were Mr. Bentzen and Mr. Katz. The non-PEO NEOs for the year ended December 31, 2024 were Mr. Bentzen and Mr. Katz. The non-PEO NEOs for the year ended December 31, 2023 were Mr. Sragovicz, Mr. Katz, and Mr. Hightower. The dollar amounts reported in this column are the amounts of total compensation reported for our non-PEO NEOs for each corresponding year in the “Total” column of the SCT. |
| (3) | The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEO and our non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO and our non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to total compensation for each year to determine the compensation actually paid: |
PEO Compensation Actually Paid
| Year · PEO Name · Total Compensation Per SCT · Less the amount reported in the SCT “Stock Awards” column · Year End Fair Value of Equity Awards Granted and Unvested During Applicable Year · Change in Fair Value as of Year End of Any Prior Year Awards that Remain Unvested as of Year End · Awards Granted and Vested in the Same Year, at Fair Value as of the Vesting Date · Change in Fair Value as of Year End of Any Prior Year Awards that Vested During Applicable Year · Compensation Actually Paid to PEO | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | Jack K. Heilbron | $613,497 | $(104,200) | $44,399 | $(137,289) | $24,468 | $(136,934) | $303,941 | ||
| 2024 | Jack K. Heilbron | $747,031 | $(232,000) | $192,000 | $(67,466) | $96,000 | $(150,958) | $584,607 | ||
| 2023 | Jack K. Heilbron | $698,221 | $(200,000) | $ | - | $(208,344) | $ | - | $(187,530) | $102,347 |
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