Vornado Realty Trust CEO Michael Fascitelli's 2009 pay falls 54% to $5.2M
Vornado Realty Trust reports 2009 executive compensation
By ExecPay News
Published: April 1, 2010
Vornado Realty Trust reported fiscal year 2009 executive compensation information on April 1, 2010.
In 2009, six executives at Vornado Realty Trust received on average a compensation package of $3.5M, a 50% decrease compared to previous year.
Average pay of disclosed executives at Vornado Realty Trust
Michael D. Fascitelli, Chief Executive Officer, received $5.2M in total, which decreased by 54% compared to 2008. 45% of Fascitelli's compensation, or $2.4M, was in stock awards. Fascitelli also received $1.6M in option awards, $1M in salary, as well as $268K in other compensation.
Steven Roth, Chairman, received a compensation package of $5.2M, which decreased by 55% compared to previous year. 46% of the compensation package, or $2.4M, was in stock awards.
David R. Greenbaum, President New York Office Division, earned $2.9M in 2009, a 56% decrease compared to previous year.
Sandeep Mathrani, Executive Vice President Retail Division, received $2.7M in 2009, which decreases by 29% compared to 2008.
Joseph Macnow, Chief Financial Officer, earned $2.6M in 2009, a 38% decrease compared to previous year.
Michelle Felman, Executive Vice President Acquisitions, received $2.3M in 2009, which decreases by 47% compared to 2008.
Related executives
David Greenbaum
Vornado Realty Trust
President New York Office Division
Steven Roth
Vornado Realty Trust
Chairman
Michael Fascitelli
Vornado Realty Trust
Chief Executive Officer
Joseph Macnow
Vornado Realty Trust
Chief Financial Officer
Michelle Felman
Vornado Realty Trust
Executive Vice President Acquisitions
Sandeep Mathrani
Vornado Realty Trust
Executive Vice President Retail Division
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Source: SEC filing on April 1, 2010.