PS Business Parks CEO Maria Hawthorne's 2018 pay jumps 335% to $3.8M
PS Business Parks reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
PS Business Parks reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, four executives at PS Business Parks received on average a compensation package of $1.7M, a 95% increase compared to previous year.
Average pay of disclosed executives at PS Business Parks
Maria R. Hawthorne, Chief Executive Officer, received $3.8M in total, which increased by 335% compared to 2017. 76% of Hawthorne's compensation, or $2.9M, was in stock awards. Hawthorne also received $450K in non-equity incentive plan, $451K in salary, as well as $11K in other compensation.
For fiscal year 2018, the median employee pay was $83,264 at PS Business Parks. Therefore, the ratio of Maria R. Hawthorne's pay to the median employee pay was 45 to one.
Jeffrey D. Hedges, Chief Financial Officer, received a compensation package of $1.9M. 66% of the compensation package, or $1.3M, was in stock awards.
John W. Petersen, Chief Operating Officer, earned $722K in 2018, a 5% increase compared to previous year.
Trenton A. Groves, Chief Accounting Officer, received $570K in 2018, which increases by 84% compared to 2017.
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Source: SEC filing on March 22, 2019.