DDR CEO David Lukes' 2021 pay slips 19% to $6.9M
DDR reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
DDR reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, four DDR executives received on average a compensation package of $2.9M, a 12% decrease compared to previous year.
Average pay of disclosed executives at DDR
David R. Lukes, Chief Executive Officer, received $6.9M in total, which decreased by 19% compared to 2020. 54% of Lukes' compensation, or $3.7M, was in stock awards. Lukes also received $2.3M in non-equity incentive plan, $900K in salary, as well as $43K in other compensation.
For fiscal year 2021, the median employee pay was $97,969 at DDR. Therefore, the ratio of David R. Lukes' pay to the median employee pay was 71 to one.
Conor M. Fennerty, Chief Financial Officer, received a compensation package of $2.5M, which increased by 113% compared to previous year. 54% of the compensation package, or $1.3M, was in stock awards.
John M. Cattonar, Chief Investment Officer, earned $1.2M in 2021.
Christa A. Vesy, Chief Accounting Officer, received $1.2M in 2021, which increases by 78% compared to 2020.
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Source: SEC filing on April 1, 2022.