Boston Properties CEO Owen Thomas' 2021 pay rises 20% to $13M
Boston Properties reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
Boston Properties reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, five executives at Boston Properties received on average a compensation package of $7.4M, a 26% increase compared to previous year.
Average pay of disclosed executives at Boston Properties
Owen D. Thomas, Chief Executive Officer, received $13M in total, which increased by 20% compared to 2020. 68% of Thomas' compensation, or $8.7M, was in stock awards. Thomas also received $3.2M in non-equity incentive plan, $900K in salary, as well as $18K in other compensation.
For fiscal year 2021, the median employee pay was $123,647 at Boston Properties. Therefore, the ratio of Owen D. Thomas' pay to the median employee pay was 104 to one.
Douglas T. Linde, President, received a compensation package of $8.8M, which increased by 24% compared to previous year. 62% of the compensation package, or $5.4M, was in stock awards.
Raymond A. Ritchey, Senior Executive Vice President, earned $7.1M in 2021, a 21% increase compared to previous year.
Michael E. LaBelle, Chief Financial Officer, received $4.3M in 2021, which increases by 29% compared to 2020.
Bryan J. Koop, Executive Vice President, Boston Region, earned $3.8M in 2021, a 61% increase compared to previous year.
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Source: SEC filing on April 5, 2022.