Washington Real Estate Investment Trust CEO Paul McDermott's 2018 pay falls 49% to $3.5M
Washington Real Estate Investment Trust reports 2018 executive compensation
By ExecPay News
Published: March 28, 2019
Washington Real Estate Investment Trust reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, four executives at Washington Real Estate Investment Trust received on average a compensation package of $2.1M, a 27% decrease compared to previous year.
Average pay of disclosed executives at Washington Real Estate Investment Trust
Paul T. McDermott, Chief Executive Officer, received $3.5M in total, which decreased by 49% compared to 2017. 53% of McDermott's compensation, or $1.9M, was in stock awards. McDermott also received $848K in non-equity incentive plan, $650K in salary, as well as $159K in other compensation.
For fiscal year 2018, the median employee pay was $101,582 at Washington Real Estate Investment Trust. Therefore, the ratio of Paul T. McDermott's pay to the median employee pay was 35 to one.
Stephen E. Riffee, Chief Financial Officer, received a compensation package of $1.9M, which decreased by 3% compared to previous year. 48% of the compensation package, or $911K, was in stock awards.
Thomas Q. Bakke, Chief Operating Officer, earned $1.9M in 2018, a 4% decrease compared to previous year.
Taryn D. Fielder, General Counsel, received $1.1M in 2018, which increases by 43% compared to 2017.
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Source: SEC filing on March 28, 2019.