Essex Property Trust reports 2018 executive compensation

CEO Michael J. Schall receives $5.4M

Essex Property Trust reported fiscal year 2018 executive compensation information on March 26, 2019.

In 2018, five executives at Essex Property Trust received on average a compensation package of $3,113,545, a 3% decrease compared to previous year.

Average pay of disclosed executives at Essex Property Trust

Michael J. Schall, Chief Executive Officer, received $5,434,232 in total, which increased by 17% compared to 2017. 43.07% of Schall's compensation, or $2,340,255, was in stock awards. Schall also received $1,510,000 in non-equity incentive plan, $750,023 in option awards, $800,000 in salary, as well as $33,954 in other compensation.

John F. Burkart, Senior Executive Vice President, received a compensation package of $3,106,616, which increased by 2% compared to previous year. 42.01% of the compensation package, or $1,305,123, was in stock awards.

Angela L. Kleiman, Chief Financial Officer, earned $2,879,980 in 2018, a 5% increase compared to previous year.

Craig K. Zimmerman, Chief Investment Officer, received $2,462,452 in 2018, which decreases by 13% compared to 2017.

John D. Eudy, Chief Investment Officer, earned $1,684,443 in 2018, a 41% decrease compared to previous year.