Carrie DeWees
About Carrie DeWees
Carrie DeWees is an independent trustee of Peakstone Realty Trust since 2023; age 61; a Registered Certified Public Accountant with an M.B.A. in Finance and Real Estate from DePaul’s Driehaus College of Business and a B.S. in Accountancy from Northern Illinois University . She serves on the Audit, Compensation, and Nominating & Corporate Governance Committees and was affirmed independent under NYSE rules by the Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Allstate Investments | Managing Principal overseeing ~$800 million commercial real estate portfolio | 2011–2023 | Led industrial, multifamily, retail, office, self-storage assets; Head of Asset Management for Allstate’s direct $1.0 billion portfolio (2012–2021) |
| American Realty Advisors | Senior Asset Manager | 2009–2011 | Asset management for commercial real estate |
| Henderson Global Investors | Director, Acquisitions & Dispositions; Asset Manager | 1999–2008 | Transactions and asset management leadership |
| Meridian Industrial Trust (REIT) | Regional Asset Manager | 1998–1999 | Industrial property portfolio oversight |
| Heitman | Portfolio Manager; VP Communications | 1996–1997 | Portfolio management and communications |
| JMB Realty | Partnership/Corporate Investment Manager; Portfolio Analyst | 1989–1996 | Investment management and analysis |
External Roles
- No other public company directorships are disclosed for DeWees in PKST’s 2025 proxy .
Board Governance
| Committee | Role | Meetings in 2024 |
|---|---|---|
| Audit | Member | 6 |
| Compensation | Member | 8 |
| Nominating & Corporate Governance | Member | 3 |
- Independence: The Board determined DeWees is independent under NYSE standards .
- Attendance: In 2024, the Board held 7 meetings and each trustee attended at least 75% of Board and applicable committee meetings; all trustees attended the 2024 annual meeting .
- Leadership & executive sessions: An independent non-executive Chair (Casey Wold) presides over executive sessions; non-management trustees meet in executive session at regularly scheduled Board meetings .
Fixed Compensation
| Component | Amount |
|---|---|
| Annual cash retainer — Non-Employee Trustee | $90,000 |
| Chair supplements — Audit Chair | $20,000 |
| Chair supplements — Compensation Chair | $15,000 |
| Chair supplements — Nominating & Corporate Governance Chair | $15,000 |
| Non-Executive Chairperson supplements (cash and equity) | $60,000 cash; $60,000 equity |
| Meeting fees | None (no separate meeting fees) |
| 2024 Director Compensation (DeWees) | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 90,000 |
| Stock Awards (grant date fair value) | 90,003 |
| All Other Compensation (accrued dividends on unvested shares) | 1,022 |
| Total | 181,025 |
- Structure: Non-Employee Trustee equity awards are granted on the annual meeting date; in 2024 awards were restricted common shares with 50% vesting immediately and 50% vesting at the earlier of one year or the next annual meeting; starting with 2025, awards shift to RSUs with the same 50/50 vesting and include distribution equivalent rights .
Performance Compensation
| Item | Detail |
|---|---|
| 2024 Director Equity Award Structure | Restricted common shares; 50% vest immediately; 50% vest at the earlier of the one-year anniversary or next annual meeting; dividends on unvested shares accrue and pay upon vesting |
| 2024 Annual Meeting grant date | June 18, 2024 (equity awards granted on the annual meeting date per policy; 2024 annual meeting held June 18, 2024) |
| Unvested restricted shares held by DeWees as of 12/31/2024 | 4,036 |
| 2024 Stock Award (grant date fair value) | $90,003 |
| 2025 Change in instrument | RSUs replace restricted shares; 50% immediate vest; 50% vest at earlier of one-year or next annual meeting; RSUs include distribution equivalent rights |
| Cumulative RSUs under the Plan (to Apr 1, 2025) — DeWees | 10,342 |
- Performance metrics tied to director compensation: None disclosed; trustee awards are time-based vesting only .
Other Directorships & Interlocks
| Topic | Disclosure |
|---|---|
| Other public company boards (current) | None disclosed for DeWees |
| Compensation Committee interlocks | None; during 2024, no executive officer/director cross-committee interlocks and no transactions >$120,000 by committee members; Board replaced Jeffrey Friedman with DeWees on Compensation Committee effective August 17, 2024 due to anticipated time commitment |
Expertise & Qualifications
- Skills matrix highlights: Accounting/Financial expertise, Business Transformation, Capital Markets & Corporate Finance, Commercial Real Estate, Property/Asset Management, Regional market experience, Risk Management, Strategic Planning & Leadership, Talent Development .
- Core credentials: Registered CPA; >36 years in real estate; significant portfolio management experience across industrial and office .
Equity Ownership
| Holder | Common Shares & OP Units Beneficially Owned | % of Common Shares | % of Common Shares + OP Units | Pledged |
|---|---|---|---|---|
| Carrie DeWees (independent trustee) | 6,306 | <1% | <1% | No shares/OP Units pledged (to company’s knowledge) |
- Anti-hedging/pledging: Policy prohibits hedging, short sales, margin accounts, and pledging (subject to limited grandfathering/Board approval) for trustees, officers, and employees .
Governance Assessment
- Committee breadth and engagement: DeWees serves on all three standing committees, each independent, with 2024 meetings of 6 (Audit), 8 (Compensation), and 3 (Nominating), supporting robust oversight across financial reporting, pay, and governance .
- Independence and attendance: Board affirmed her independence; the Board met 7 times in 2024 and all trustees met at least the 75% attendance threshold; all trustees attended the 2024 annual meeting, indicating engagement .
- Pay alignment for trustees: 50/50 cash/equity ($90k/$90k) with time-based vesting aligns director incentives with shareholders while avoiding pay-for-meeting incentives; RSU shift in 2025 keeps alignment and adds distribution equivalents .
- Ownership alignment and risk controls: Beneficial ownership present (6,306 shares) and no pledging; anti-hedging/pledging policy reduces misalignment risk .
- Related-party oversight: Nominating & Corporate Governance Committee reviews related-party transactions per charter; current related-party transactions disclosed involve entities controlled by a >5% shareholder (Kevin A. Shields), not trustees; committee/Board approval required per policy .
- Shareholder sentiment signal: Company’s executive compensation program received 83% support at the 2024 Annual Meeting, suggesting acceptable pay governance environment (context for overall governance climate) .
RED FLAGS
- None identified specific to DeWees: no disclosed related-party transactions involving her; no hedging/pledging; no attendance shortfall; no committee interlocks; no meeting fees that could distort incentives .