CBL & Associates Properties CEO Stephen Lebovitz's 2019 pay slips 1% to $3.4M
CBL & Associates Properties reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
CBL & Associates Properties reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, five executives at CBL & Associates Properties received on average a compensation package of $1.7M, a 16% decrease compared to previous year.
Average pay of disclosed executives at CBL & Associates Properties
Stephen D. Lebovitz, Chief Executive Officer, received $3.4M in total, which decreased by 1% compared to 2018. 47% of Lebovitz's compensation, or $1.6M, was in stock awards. Lebovitz also received $278K in bonus, $676K in non-equity incentive plan, $672K in salary, as well as $196K in other compensation.
For fiscal year 2019, the median employee pay was $60,723 at CBL & Associates Properties. Therefore, the ratio of Stephen D. Lebovitz's pay to the median employee pay was 57 to one.
Charles B. Lebovitz, Chairman, received a compensation package of $1.5M, which decreased by 42% compared to previous year. 48% of the compensation package, or $706K, was in stock awards.
Farzana Khaleel, Chief Financial Officer, earned $1.3M in 2019, a 2% decrease compared to previous year.
Michael I. Lebovitz, President, received $1.2M in 2019, which decreases by 1% compared to 2018.
Jeffery V. Curry, Chief Legal Officer, earned $1M in 2019, a 42% increase compared to previous year.
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Stephen Lebovitz
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Chief Executive Officer
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Charles Lebovitz
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Michael Lebovitz
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Source: SEC filing on April 6, 2020.