Washington Real Estate Investment Trust CEO Paul McDermott's 2019 pay rises 9% to $3.9M

Washington Real Estate Investment Trust reports 2019 executive compensation

By ExecPay News

Published: April 9, 2020

Washington Real Estate Investment Trust reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, four executives at Washington Real Estate Investment Trust received on average a compensation package of $1.8M, a 13% decrease compared to previous year.
Average pay of disclosed executives at Washington Real Estate Investment Trust
Paul T. McDermott, Chief Executive Officer, received $3.9M in total, which increased by 9% compared to 2018. 49% of McDermott's compensation, or $1.9M, was in stock awards. McDermott also received $1.2M in non-equity incentive plan, $650K in salary, as well as $161K in other compensation.
For fiscal year 2019, the median employee pay was $102,799 at Washington Real Estate Investment Trust. Therefore, the ratio of Paul T. McDermott's pay to the median employee pay was 38 to one.
Stephen E. Riffee, Chief Financial Officer, received a compensation package of $2M, which increased by 9% compared to previous year. 44% of the compensation package, or $899K, was in stock awards.
Taryn D. Fielder, General Counsel, earned $1.2M in 2019, a 15% increase compared to previous year.
Thomas Q. Bakke, Chief Operating Officer, received $108K in 2019, which decreases by 94% compared to 2018.

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Paul McDermott

Washington Real Estate Investment Trust

Chief Executive Officer

Thomas Bakke

Washington Real Estate Investment Trust

Chief Operating Officer

Stephen Riffee

Washington Real Estate Investment Trust

Chief Financial Officer

Taryn Fielder

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Source: SEC filing on April 9, 2020.