Hersha Hospitality Trust CEO Jay Shah's 2012 pay jumps 128% to $6.6M
Hersha Hospitality Trust reports 2012 executive compensation
By ExecPay News
Published: April 19, 2013
Hersha Hospitality Trust reported fiscal year 2012 executive compensation information on April 19, 2013.
In 2012, five executives at Hersha Hospitality Trust received on average a compensation package of $3M, a 79% increase compared to previous year.
Average pay of disclosed executives at Hersha Hospitality Trust
Jay H. Shah, Chief Executive Officer, received $6.6M in total, which increased by 128% compared to 2011. 77% of Shah's compensation, or $5M, was in stock awards. Shah also received $878K in non-equity incentive plan, $650K in salary, as well as $4.4K in other compensation.
Neil H. Shah, Chief Operating Officer, received a compensation package of $4.5M, which increased by 61% compared to previous year. 67% of the compensation package, or $3.1M, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $1.9M in 2012, a 43% increase compared to previous year.
Hasu P. Shah, Chairman, received $1.1M in 2012, which increases by 62% compared to 2011.
Michael R. Gillespie, Chief Accounting Officer, earned $806K in 2012, a 29% increase compared to previous year.
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Source: SEC filing on April 19, 2013.