Apartment Investment & Management CEO Terry Considine's 2018 pay rises 7% to $6.8M

Apartment Investment & Management reports 2018 executive compensation

Published: March 1, 2019

Apartment Investment & Management reported fiscal year 2018 executive compensation information on March 1, 2019.

In 2018, five executives at Apartment Investment & Management received on average a compensation package of $2.9M, a 24% increase compared to previous year.

Average pay of disclosed executives at Apartment Investment & Management

Terry Considine, Chief Executive Officer, received $6.8M in total, which increased by 7% compared to 2017. 59.22% of Considine's compensation, or $4M, was in stock awards. Considine also received $2.1M in non-equity incentive plan, $700K in salary, as well as $3.8K in other compensation.

For fiscal year 2018, the median employee pay was $68,933 at Apartment Investment & Management. Therefore, the ratio of Terry Considine's pay to the median employee pay was 98 to one.

John Bezzant, Chief Investment Officer, received a compensation package of $2.4M, which increased by 91% compared to previous year. 63.66% of the compensation package, or $1.5M, was in non-equity incentive plan.

Lisa R. Cohn, General Counsel, earned $2.2M in 2018, a 7% increase compared to previous year.

Paul Beldin, Chief Financial Officer, received $1.8M in 2018, which increases by 11% compared to 2017.

Keith Kimmel, Executive Vice President of Property Operations, earned $1.6M in 2018, a 4% increase compared to previous year.