Empire State Realty Trust CEO Anthony Malkin's 2018 pay rises 2% to $9.5M
Empire State Realty Trust reports 2018 executive compensation
By ExecPay News
Published: April 4, 2019
Empire State Realty Trust reported fiscal year 2018 executive compensation information on April 4, 2019.
In 2018, five executives at Empire State Realty Trust received on average a compensation package of $4.8M, which is about the same as previous year.
Average pay of disclosed executives at Empire State Realty Trust
Anthony E. Malkin, Chief Executive Officer, received $9.5M in total, which increased by 2% compared to 2017. 69% of Malkin's compensation, or $6.5M, was in stock awards. Malkin also received $2M in bonus, $810K in salary, as well as $174K in other compensation.
For fiscal year 2018, the median employee pay was $60,064 at Empire State Realty Trust. Therefore, the ratio of Anthony E. Malkin's pay to the median employee pay was 159 to one.
Thomas P. Durels, Executive Vice President, Real Estate, received a compensation package of $4.7M, which increased by 6% compared to previous year. 65% of the compensation package, or $3M, was in stock awards.
John B. Kessler, Chief Operating Officer, earned $4.5M in 2018, a 6% decrease compared to previous year.
David A. Karp, Chief Financial Officer, received $3.4M in 2018, which decreases by 2% compared to 2017.
Thomas N. Keltner, Jr, General Counsel, earned $2.1M in 2018, a 2% decrease compared to previous year.
Related executives
Anthony Malkin
Empire State Realty Trust
Chief Executive Officer
John Kessler
Empire State Realty Trust
Chief Operating Officer
David Karp
Empire State Realty Trust
Chief Financial Officer
Thomas Durels
Empire State Realty Trust
Executive Vice President, Real Estate
Thomas Keltner
Empire State Realty Trust
General Counsel
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Source: SEC filing on April 4, 2019.