Seritage Growth Properties CEO Benjamin Schall's 2019 pay falls 54% to $4.1M

Seritage Growth Properties reports 2019 executive compensation

By ExecPay News

Published: April 9, 2020

Seritage Growth Properties reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, six executives at Seritage Growth Properties received on average a compensation package of $1.5M, a 44% decrease compared to previous year.
Average pay of disclosed executives at Seritage Growth Properties
Benjamin Schall, Chief Executive Officer, received $4.1M in total, which decreased by 54% compared to 2018. 42% of Schall's compensation, or $1.7M, was in stock awards. Schall also received $1.2M in non-equity incentive plan, $875K in salary, as well as $290K in other compensation.
For fiscal year 2019, the median employee pay was $130,000 at Seritage Growth Properties. Therefore, the ratio of Benjamin Schall's pay to the median employee pay was 32 to one.
Brian Dickman, Chief Financial Officer, received a compensation package of $1.2M, which decreased by 34% compared to previous year. 38% of the compensation package, or $450K, was in salary.
Ken Lombard, Chief Operating Officer, earned $1.2M in 2019, a 6% decrease compared to previous year.
Matthew Fernand, General Counsel, received $1M in 2019, which decreases by 38% compared to 2018.
Mary Rottler, Executive Vice President of Leasing and Operations, earned $750K in 2019, a 38% decrease compared to previous year.
James Bry, Executive Vice President of Development and, received $710K in 2019, which decreases by 40% compared to 2018.

Related executives

Benjamin Schall

Seritage Growth Properties

Chief Executive Officer

Brian Dickman

Seritage Growth Properties

Chief Financial Officer

Ken Lombard

Seritage Growth Properties

Chief Operating Officer

Matthew Fernand

Seritage Growth Properties

General Counsel

James Bry

Seritage Growth Properties

Executive Vice President of Development and

Mary Rottler

Seritage Growth Properties

Executive Vice President of Leasing and Operations

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Source: SEC filing on April 9, 2020.