Hersha Hospitality Trust CEO Jay Shah's 2009 pay rises 1% to $1.8M

Hersha Hospitality Trust reports 2009 executive compensation

By ExecPay News

Published: April 15, 2010

Hersha Hospitality Trust reported fiscal year 2009 executive compensation information on April 15, 2010.
In 2009, five executives at Hersha Hospitality Trust received on average a compensation package of $1.1M, a 5% 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 1% compared to 2008. 49% of Shah's compensation, or $862K, was in stock awards. Shah also received $446K in non-equity incentive plan, $446K in salary, as well as $17K in other compensation.
Neil H. Shah, Chief Operating Officer, received a compensation package of $1.7M, which increased by 1% compared to previous year. 50% of the compensation package, or $862K, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $1M in 2009, a 18% increase compared to previous year.
Michael R. Gillespie, Chief Accounting Officer, received $423K in 2009, which increases by 23% compared to 2008.
Hasu P. Shah, Chairman, earned $397K in 2009, a 1% increase compared to previous year.

Related executives

Hasu Shah

Hersha Hospitality Trust

Chairman

Jay Shah

Hersha Hospitality Trust

Chief Executive Officer

Neil Shah

Hersha Hospitality Trust

Chief Operating Officer

Ashish Parikh

Hersha Hospitality Trust

Chief Financial Officer

Michael Gillespie

Hersha Hospitality Trust

Chief Accounting Officer

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Source: SEC filing on April 15, 2010.