Dale Taysom
About Dale H. Taysom
Independent director and Vice-Chair of the Board at Piedmont Office Realty Trust (PDM). Age 76; director since 2015 and Vice-Chair since at least 2017, with deep operating experience from a 36-year career at Prudential Real Estate Investors (PREI), including Global COO and transaction leadership roles; determined independent under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Prudential Real Estate Investors (PREI) | Global Chief Operating Officer; previously Head of U.S. Transactions and Global Head of Transactions | 36-year career; retired 2013 | Member of domestic/international investment committees and Global Management Committee; responsible for strategic vision and financial performance oversight |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Urban Land Institute (ULI) | Member (former) | Not disclosed | Industry association participation |
| National Multi-Housing Council (NMHC) | Member (former) | Not disclosed | Industry association participation |
| National Association of Real Estate Investment Managers (NAREIM) | Member (former) | Not disclosed | Industry association participation |
Board Governance
- Roles and independence: Vice-Chair of Board; independent director under NYSE standards .
- Committee assignments:
- Audit Committee member (2024 roster)
- Capital Committee Chair (2025 slate)
- Board/committee meetings (2024): Board 9; Audit 6; Nominating & Governance 4; Compensation 6; Capital 4; each director attended >75% of meetings on which they served .
- Leadership structure: Chair separate from CEO; Chair presides at executive sessions of independent directors .
| Committee | Role | Evidence |
|---|---|---|
| Audit | Member | 2024 Audit Committee: Barrett (Chair), Cohen, Taysom |
| Capital | Chair | 2025 director slate shows “Capital*” for Taysom (*=chair) |
| Board | Vice-Chair | 2025 director slate shows “Vice-Chair of Board of Directors” |
Fixed Compensation
| Component | 2024 | 2025 Policy Change |
|---|---|---|
| Cash fees (Dale Taysom) | $93,750 | Non-employee director annual retainer increased to $85,000; Audit Committee member retainer to $95,000; committee chair retainers +$2,500 (Capital Chair $15,000→$17,500) |
| Equity grant (annual) | $100,000 grant-date fair value; vests by next annual meeting or 1-year anniversary | Annual director equity award increased to $105,000 |
No director perquisites; reasonable out-of-pocket expense reimbursement only .
Performance Compensation
- Directors receive time-based equity grants; no performance-metric linkage disclosed for director equity awards (annual grant vests on time or next annual meeting) .
Other Directorships & Interlocks
| Company | Role | Committees | Notes |
|---|---|---|---|
| None disclosed | — | — | No current public company directorships disclosed for Taysom in PDM’s proxy . |
Expertise & Qualifications
- Senior operating executive with broad real estate transaction and portfolio oversight; extensive network across industry markets; strategic and financial performance responsibility at PREI .
- Prior service on investment committees and global management committee at PREI; former industry association memberships (ULI, NMHC, NAREIM) .
Equity Ownership
| Metric | Value | As of |
|---|---|---|
| Shares beneficially owned | 63,779 | Feb 28, 2025 |
| Ownership % of outstanding | 0.05% | Feb 28, 2025 (124,408,011 shares outstanding) |
| Pledging | None pledged | Policy prohibits pledging; none pledged by directors |
| Director ownership guideline | Lesser of 27,500 shares (effective Jan 1, 2025; previously 22,000) or $400,000 | Policy statement; all directors meet requirement except specified new/retiring directors (not including Taysom) |
Governance Assessment
- Committee leadership and oversight: As Capital Committee Chair and Audit member, Taysom contributes to oversight of capital structure, portfolio strategy, sustainability practices, and financial reporting risk—aligning with his PREI transaction/operations experience .
- Independence and attendance: Affirmed independent; board reports >75% attendance for all directors; robust committee structure and charters in place .
- Alignment and ownership: Meets director stock ownership guidelines; director equity awards are time-based; anti-hedging/pledging policy enforced; no pledging reported—supports alignment and risk controls .
- Conflicts/related party checks: No related-party transactions requiring disclosure since Jan 1, 2024; proxy governance practices explicitly state no reportable transactions with directors or executive officers—reduces conflict risk .
- Term limits and refreshment: Company imposes 15-year term limit for non-employee directors; Taysom’s 2015 start date remains within limit—mitigates entrenchment risk .
- Shareholder sentiment: Company’s 2024 say-on-pay passed with ~93% approval—indicative of broader governance support (company-level signal) .
Red Flags
- None disclosed specific to Taysom: no related-party transactions, no pledging/hedging, attendance above threshold, within term limits .