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.
Average pay of disclosed executives at Hersha Hospitality Trust
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.

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 20, 2012.