CBL & Associates Properties CEO Stephen Lebovitz's 2018 pay jumps 35% to $3.5M
CBL & Associates Properties reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
CBL & Associates Properties reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, six executives at CBL & Associates Properties received on average a compensation package of $2M, a 27% increase compared to previous year.
Average pay of disclosed executives at CBL & Associates Properties
Stephen D. Lebovitz, Chief Executive Officer, received $3.5M in total, which increased by 35% compared to 2017. 42% of Lebovitz's compensation, or $1.5M, was in stock awards. Lebovitz also received $293K in bonus, $676K in non-equity incentive plan, $707K in salary, as well as $326K in other compensation.
For fiscal year 2018, the median employee pay was $54,217 at CBL & Associates Properties. Therefore, the ratio of Stephen D. Lebovitz's pay to the median employee pay was 64 to one.
Augustus N. Stephas, Chief Operating Officer, received a compensation package of $2.8M, which increased by 144% compared to previous year. 54% of the compensation package, or $1.5M, was in other compensation.
Charles B. Lebovitz, Chairman, earned $2.5M in 2018, a 23% increase compared to previous year.
Farzana Khaleel, Chief Financial Officer, received $1.3M in 2018, which increases by 18% compared to 2017.
Michael I. Lebovitz, President, earned $1.2M in 2018, a 19% increase compared to previous year.
Jeffery V. Curry, Chief Legal Officer, received $729K in 2018.
Related executives
Stephen Lebovitz
CBL & Associates Properties
Chief Executive Officer
Farzana Khaleel
CBL & Associates Properties
Chief Financial Officer
Charles Lebovitz
CBL & Associates Properties
Chairman
Michael Lebovitz
CBL & Associates Properties
President
Augustus Stephas
CBL & Associates Properties
Chief Operating Officer
Jeffery Curry
CBL & Associates Properties
Chief Legal Officer
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Source: SEC filing on March 22, 2019.