Retail Properties of America CEO Steven Grimes' 2019 pay rises 8% to $5.8M
Retail Properties of America reports 2019 executive compensation
By ExecPay News
Published: April 3, 2020
Retail Properties of America reported fiscal year 2019 executive compensation information on April 3, 2020.
In 2019, three executives at Retail Properties of America received on average a compensation package of $3.6M, a 21% increase compared to previous year.
Average pay of disclosed executives at Retail Properties of America
Steven P. Grimes, Chief Executive Officer, received $5.8M in total, which increased by 8% compared to 2018. 53% of Grimes' compensation, or $3.1M, was in stock awards. Grimes also received $1.8M in non-equity incentive plan, $850K in salary, as well as $16K in other compensation.
For fiscal year 2019, the median employee pay was $101,995 at Retail Properties of America. Therefore, the ratio of Steven P. Grimes' pay to the median employee pay was 57 to one.
Shane C. Garrison, Chief Operating Officer, received a compensation package of $3.1M, which increased by 8% compared to previous year. 51% of the compensation package, or $1.6M, was in stock awards.
Julie M. Swinehart, Chief Financial Officer, earned $1.9M in 2019, a 23% increase compared to previous year.
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Source: SEC filing on April 3, 2020.