Corporate Office Properties Trust CEO Randall Griffin's 2009 pay rises 7% to $4.2M

Corporate Office Properties Trust reports 2009 executive compensation

By ExecPay News

Published: March 30, 2010

Corporate Office Properties Trust reported fiscal year 2009 executive compensation information on March 30, 2010.

In 2009, five executives at Corporate Office Properties Trust received on average a compensation package of $2.1M, a 9% decrease compared to previous year.

Average pay of disclosed executives at Corporate Office Properties Trust

Randall M. Griffin, Chief Executive Officer, received $4.2M in total, which increased by 7% compared to 2008. 47% of Griffin's compensation, or $2M, was in stock awards. Griffin also received $35K in bonus, $1.5M in non-equity incentive plan, $625K in salary, as well as $26K in other compensation.

Roger A. Waesche, Jr, President, received a compensation package of $2.5M, which increased by 26% compared to previous year. 52% of the compensation package, or $1.3M, was in stock awards.

Stephen E. Riffee, Chief Financial Officer, earned $1.7M in 2009, a 29% decrease compared to previous year.

Karen M. Singer, General Counsel, received $1.2M in 2009, which increases by 11% compared to 2008.

Wayne H. Lingafelter, Executive Vice President of Development & Construction, earned $867K in 2009.