URSTADT BIDDLE PROPERTIES CEO Willing Biddle's 2020 pay jumps 22% to $2.5M
URSTADT BIDDLE PROPERTIES reports 2020 executive compensation
By ExecPay News
Published: February 2, 2021
URSTADT BIDDLE PROPERTIES reported fiscal year 2020 executive compensation information on February 2, 2021.
In 2020, five executives at URSTADT BIDDLE PROPERTIES received on average a compensation package of $942K, a 19% increase compared to previous year.
Average pay of disclosed executives at URSTADT BIDDLE PROPERTIES
Willing L. Biddle, Chief Executive Officer, received $2.5M in total, which increased by 22% compared to 2019. 79% of Biddle's compensation, or $2M, was in stock awards. Biddle also received $100K in bonus, $399K in salary, as well as $25K in other compensation.
For fiscal year 2020, the median employee pay was $78,657 at URSTADT BIDDLE PROPERTIES. Therefore, the ratio of Willing L. Biddle's pay to the median employee pay was 32 to one.
John T. Hayes, Chief Financial Officer, received a compensation package of $721K, which increased by 25% compared to previous year. 52% of the compensation package, or $371K, was in stock awards.
Stephan A. Rapaglia, Chief Operating Officer, earned $721K in 2020, a 25% increase compared to previous year.
Miyun Sung, Chief Legal Officer, received $550K in 2020, which increases by 19% compared to 2019.
Charles D. Urstadt, Chairman, earned $177K in 2020, a 33% decrease compared to previous year.
URSTADT BIDDLE PROPERTIES' fiscal year ends on October 31.
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Source: SEC filing on February 2, 2021.