Alexandria Real Estate Equities Founder Joel Marcus' 2019 pay slips 6% to $11M

Alexandria Real Estate Equities reports 2019 executive compensation

By ExecPay News

Published: April 16, 2021

Alexandria Real Estate Equities reported fiscal year 2019 executive compensation information on April 16, 2021.

In 2019, nine executives at Alexandria Real Estate Equities received on average a compensation package of $6.6M, a 2% increase compared to previous year.

Average pay of disclosed executives at Alexandria Real Estate Equities

Joel S. Marcus, Founder, received $11M in total, which decreased by 6% compared to 2018. 45% of Marcus' compensation, or $5M, was in stock awards. Marcus also received $1M in bonus, $1.2M of change in pension value and nonqualified deferred compensation earnings, $2.3M in non-equity incentive plan, $1M in salary, as well as $427K in other compensation.

Stephen A. Richardson, Chief Executive Officer, received a compensation package of $8.3M, which increased by 12% compared to previous year. 72% of the compensation package, or $6M, was in stock awards.

Peter M. Moglia, Chief Executive Officer, earned $8.3M in 2019, a 11% increase compared to previous year.

Dean A. Shigenaga, Chief Financial Officer, received $7.2M in 2019, which increases by 2% compared to 2018.

Daniel J. Ryan, Chief Investment Officer, earned $7M in 2019, a 7% increase compared to previous year.

Thomas J. Andrews, Co, President and Regional Market Director – Greater Boston, received $6.3M in 2019, which decreases by 11% compared to 2018.

Jennifer J. Banks, Chief Operating Officer, earned $3.9M in 2019, a 7% increase compared to previous year.

John H. Cunningham, Executive Vice President Regional Market Director, received $3.7M in 2019, which increases by 6% compared to 2018.

Vincent R. Ciruzzi, Chief Development Officer, earned $3.4M in 2019, a 3% increase compared to previous year.