Highwoods Properties CEO Edward Fritsch's 2018 pay stays at $4.5M
Highwoods Properties reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Highwoods Properties reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, four executives at Highwoods Properties received on average a compensation package of $2.3M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Highwoods Properties
Edward J. Fritsch, Chief Executive Officer, received $4.5M in total, which is about the same as previous year. 50% of Fritsch's compensation, or $2.3M, was in stock awards. Fritsch also received $1.3M in non-equity incentive plan, $746K in salary, as well as $139K in other compensation.
For fiscal year 2018, the median employee pay was $65,914 at Highwoods Properties. Therefore, the ratio of Edward J. Fritsch's pay to the median employee pay was 68 to one.
Theodore J. Klinck, Chief Operating Officer, received a compensation package of $1.8M, which decreased by 5% compared to previous year. 42% of the compensation package, or $771K, was in stock awards.
Mark F. Mulhern, Chief Financial Officer, earned $1.8M in 2018, a 5% decrease compared to previous year.
Jeffrey D. Miller, General Counsel, received $1.2M in 2018, which decreases by 4% compared to 2017.
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Source: SEC filing on March 29, 2019.