First Industrial Realty Trust CEO Michael Brennan's 2008 pay jumps 187% to $8.3M
First Industrial Realty Trust reports 2008 executive compensation
By ExecPay News
Published: April 9, 2009
First Industrial Realty Trust reported fiscal year 2008 executive compensation information on April 9, 2009.
In 2008, eight executives at First Industrial Realty Trust received on average a compensation package of $2.8M, a 46% increase compared to previous year.
Average pay of disclosed executives at First Industrial Realty Trust
Michael W. Brennan, Chief Executive Officer, received $8.3M in total, which increased by 187% compared to 2007.
Michael J. Havala, Chief Financial Officer, received a compensation package of $4.2M, which increased by 126% compared to previous year. 49% of the compensation package, or $2.1M, was in stock awards.
David P. Draft, Former Executive Vice President Operations, earned $3.3M in 2008, a 115% increase compared to previous year.
Robert Cutlip, Former Executive Vice President — North America, received $2.2M in 2008.
W. Edwin Tyler, Chief Executive Officer, earned $1.3M in 2008.
Johannson L. Yap, Chief Investment Officer, received $1.1M in 2008, which decreases by 43% compared to 2007.
Gerald Pientka, Former Executive Vice President Development, earned $1.1M in 2008, a 5% decrease compared to previous year.
Scott A. Musil, Chief Financial Officer, received $504K in 2008.
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David Draft
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Source: SEC filing on April 9, 2009.