Hersha Hospitality Trust CEO Jay Shah's 2011 pay falls 57% to $2.9M
Hersha Hospitality Trust reports 2011 executive compensation
By ExecPay News
Published: April 20, 2012
Hersha Hospitality Trust reported fiscal year 2011 executive compensation information on April 20, 2012.
In 2011, five executives at Hersha Hospitality Trust received on average a compensation package of $1.7M, a 56% decrease compared to previous year.
Jay H. Shah, Chief Executive Officer, received $2.9M in total, which decreased by 57% compared to 2010. 51% of Shah's compensation, or $1.5M, was in stock awards. Shah also received $810K in non-equity incentive plan, $600K in salary, as well as $4.4K in other compensation.
Neil H. Shah, Chief Operating Officer, received a compensation package of $2.8M, which decreased by 58% compared to previous year. 52% of the compensation package, or $1.5M, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $1.3M in 2011, a 50% decrease compared to previous year.
Hasu P. Shah, Chairman, received $670K in 2011, which decreases by 67% compared to 2010.
Michael R. Gillespie, Chief Accounting Officer, earned $623K in 2011, a 37% decrease compared to previous year.