Hersha Hospitality Trust CEO Jay Shah's 2010 pay jumps 280% to $6.7M
Hersha Hospitality Trust reports 2010 executive compensation
By ExecPay News
Published: April 18, 2011
Hersha Hospitality Trust reported fiscal year 2010 executive compensation information on April 18, 2011.
In 2010, five executives at Hersha Hospitality Trust received on average a compensation package of $3.8M, a 256% increase compared to previous year.
Average pay of disclosed executives at Hersha Hospitality Trust
Jay H. Shah, Chief Executive Officer, received $6.7M in total, which increased by 280% compared to 2009. 82% of Shah's compensation, or $5.6M, was in stock awards. Shah also received $656K in non-equity incentive plan, $525K in salary, as well as $4.3K in other compensation.
Neil H. Shah, Chief Operating Officer, received a compensation package of $6.7M, which increased by 287% compared to previous year. 83% of the compensation package, or $5.6M, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $2.6M in 2010, a 152% increase compared to previous year.
Hasu P. Shah, Chairman, received $2M in 2010, which increases by 410% compared to 2009.
Michael R. Gillespie, Chief Accounting Officer, earned $985K in 2010, a 133% increase compared to previous year.
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Source: SEC filing on April 18, 2011.