Hersha Hospitality Trust CEO Jay Shah's 2007 pay jumps 153% to $1.8M
Hersha Hospitality Trust reports 2007 executive compensation
By ExecPay News
Published: April 18, 2008
Hersha Hospitality Trust reported fiscal year 2007 executive compensation information on April 18, 2008.
In 2007, five executives at Hersha Hospitality Trust received on average a compensation package of $1M, a 128% increase compared to previous year.
Average pay of disclosed executives at Hersha Hospitality Trust
Jay H. Shah, Chief Executive Officer, received $1.8M in total, which increased by 153% compared to 2006. 56% of Shah's compensation, or $1M, was in stock awards. Shah also received $400K in non-equity incentive plan, $400K in salary, as well as $3.6K in other compensation.
Neil H. Shah, Chief Operating Officer, received a compensation package of $1.8M, which increased by 169% compared to previous year. 57% of the compensation package, or $1M, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $863K in 2007, a 112% increase compared to previous year.
Michael R. Gillespie, Chief Accounting Officer, received $311K in 2007, which increases by 63% compared to 2006.
Hasu P. Shah, Chairman, earned $265K in 2007, a 13% increase compared to previous year.
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Source: SEC filing on April 18, 2008.