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.
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.