First Real Estate Investment Trust of New Jersey CEO Robert Hekemian's 2023 pay falls 23% to $644K
First Real Estate Investment Trust of New Jersey reports 2023 executive compensation
By ExecPay News
Published: May 13, 2024
First Real Estate Investment Trust of New Jersey reported fiscal year 2023 executive compensation information on May 13, 2024.
In 2023, three executives at First Real Estate Investment Trust of New Jersey received on average a compensation package of $271K, a 18% decrease compared to previous year.
Average pay of disclosed executives at First Real Estate Investment Trust of New Jersey
Robert S. Hekemian, Jr, Chief Executive Officer, received $644K in total, which decreased by 23% compared to 2022. 88% of Hekemian's compensation, or $565K, was in salary. Hekemian also received $20K in stock awards and $59K in other compensation.
For fiscal year 2023, the median employee pay was $51,486 at First Real Estate Investment Trust of New Jersey. Therefore, the ratio of Robert S. Hekemian, Jr's pay to the median employee pay was 13 to one.
John A. Aiello, Secretary, received a compensation package of $127K, which increased by 7% compared to previous year. 48% of the compensation package, or $60K, was in other compensation.
Allan Tubin, Chief Financial Officer, earned $43K in 2023, a 8% increase compared to previous year.
First Real Estate Investment Trust of New Jersey's fiscal year ends on October 31.
Related executives
You may also like
Source: SEC filing on May 13, 2024.