Hersha Hospitality Trust CEO Jay Shah's 2008 pay slips 4% to $1.8M
Hersha Hospitality Trust reports 2008 executive compensation
By ExecPay News
Published: April 15, 2009
Hersha Hospitality Trust reported fiscal year 2008 executive compensation information on April 15, 2009.
In 2008, five executives at Hersha Hospitality Trust received on average a compensation package of $1M, a 1% 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 decreased by 4% compared to 2007. 52% of Shah's compensation, or $915K, was in stock awards. Shah also received $411K in non-equity incentive plan, $425K in salary, as well as $4K in other compensation.
Neil H. Shah, Chief Operating Officer, received a compensation package of $1.7M, which decreased by 4% compared to previous year. 53% of the compensation package, or $915K, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $876K in 2008, a 2% increase compared to previous year.
Hasu P. Shah, Chairman, received $394K in 2008, which increases by 48% compared to 2007.
Michael R. Gillespie, Chief Accounting Officer, earned $343K in 2008, a 10% increase compared to previous year.
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Source: SEC filing on April 15, 2009.