CBL & Associates Properties CEO Stephen Lebovitz's 2021 pay jumps 200% to $10M
CBL & Associates Properties reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
CBL & Associates Properties reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, five executives at CBL & Associates Properties received on average a compensation package of $3.8M, a 121% increase compared to previous year.
Average pay of disclosed executives at CBL & Associates Properties
Stephen D. Lebovitz, Chief Executive Officer, received $10M in total, which increased by 200% compared to 2020. 80% of Lebovitz's compensation, or $8.3M, was in stock awards. Lebovitz also received $257K in bonus, $852K in non-equity incentive plan, $672K in salary, as well as $307K in other compensation.
For fiscal year 2021, the median employee pay was $86,404 at CBL & Associates Properties. Therefore, the ratio of Stephen D. Lebovitz's pay to the median employee pay was 120 to one.
Farzana Khaleel, Chief Financial Officer, received a compensation package of $2.5M, which increased by 101% compared to previous year. 66% of the compensation package, or $1.7M, was in stock awards.
Michael I. Lebovitz, President, earned $2.1M in 2021, a 88% increase compared to previous year.
Katie A. Reinsmidt, Chief Investment Officer, received $2M in 2021.
Jeffery V. Curry, Chief Legal Officer, earned $2M in 2021, a 94% increase compared to previous year.
Related executives
Stephen Lebovitz
CBL & Associates Properties
Chief Executive Officer
Farzana Khaleel
CBL & Associates Properties
Chief Financial Officer
Michael Lebovitz
CBL & Associates Properties
President
Katie Reinsmidt
CBL & Associates Properties
Chief Investment Officer
Jeffery Curry
CBL & Associates Properties
Chief Legal Officer
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Source: SEC filing on April 29, 2022.