Macerich CEO Thomas O'Hern's 2021 pay slips 2% to $8.2M
Macerich reports 2021 executive compensation
By ExecPay News
Published: April 15, 2022
Macerich reported fiscal year 2021 executive compensation information on April 15, 2022.
In 2021, five Macerich executives received on average a compensation package of $4.4M, a 25% increase compared to previous year.
Average pay of disclosed executives at Macerich
Thomas E. O'Hern, Chief Executive Officer, received $8.2M in total, which decreased by 2% compared to 2020. 55% of O'Hern's compensation, or $4.5M, was in stock awards. O'Hern also received $2.8M in bonus, $828K in salary, as well as $75K in other compensation.
For fiscal year 2021, the median employee pay was $92,618 at Macerich. Therefore, the ratio of Thomas E. O'Hern's pay to the median employee pay was 89 to one.
Edward C. Coppola, President, received a compensation package of $6.6M, which increased by 12% compared to previous year. 45% of the compensation package, or $3M, was in stock awards.
Scott W. Kingsmore, Chief Financial Officer, earned $2.4M in 2021, a 37% increase compared to previous year.
Douglas J. Healey, Senior Executive Vice President, Head of Leasing, received $2.4M in 2021, which increases by 36% compared to 2020.
Ann C. Menard, Chief Legal Officer, earned $2.4M in 2021, a 41% increase compared to previous year.
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Source: SEC filing on April 15, 2022.