Alexandria Real Estate Equities Founder Joel Marcus' 2018 pay slips 4% to $12M

Alexandria Real Estate Equities reports 2018 executive compensation

By ExecPay News

Published: April 16, 2021

Alexandria Real Estate Equities reported fiscal year 2018 executive compensation information on April 16, 2021.

In 2018, nine executives at Alexandria Real Estate Equities received on average a compensation package of $6.4M, a 16% decrease compared to previous year.

Average pay of disclosed executives at Alexandria Real Estate Equities

Joel S. Marcus, Founder, received $12M in total, which decreased by 4% compared to 2017. 70% of Marcus' compensation, or $8.3M, was in stock awards. Marcus also received $2.3M in non-equity incentive plan, $1M in salary, as well as $253K in other compensation.

For fiscal year 2018, the median employee pay was $140,000 at Alexandria Real Estate Equities. Therefore, the ratio of Joel S. Marcus' pay to the median employee pay was 84 to one.

Stephen A. Richardson, Chief Executive Officer, received a compensation package of $7.4M, which increased by 16% compared to previous year. 71% of the compensation package, or $5.3M, was in stock awards.

Peter M. Moglia, Chief Executive Officer, earned $7.4M in 2018, a 15% increase compared to previous year.

Thomas J. Andrews, Co, President and Regional Market Director – Greater Boston, received $7.1M in 2018, which increases by 3% compared to 2017.

Dean A. Shigenaga, Chief Financial Officer, earned $7.1M in 2018, a 10% increase compared to previous year.

Daniel J. Ryan, Chief Investment Officer, received $6.5M in 2018.

Jennifer J. Banks, Chief Operating Officer, earned $3.6M in 2018.

John H. Cunningham, Executive Vice President Regional Market Director, received $3.5M in 2018.

Vincent R. Ciruzzi, Chief Development Officer, earned $3.3M in 2018.