Hersha Hospitality Trust CEO Jay Shah's 2021 pay jumps 88% to $5.6M
Hersha Hospitality Trust reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Hersha Hospitality Trust reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, five executives at Hersha Hospitality Trust received on average a compensation package of $3.4M, a 79% increase compared to previous year.
Average pay of disclosed executives at Hersha Hospitality Trust
Jay H. Shah, Chief Executive Officer, received $5.6M in total, which increased by 88% compared to 2020. 86% of Shah's compensation, or $4.8M, was in stock awards. Shah also received $795K in salary and $5.6K in other compensation.
For fiscal year 2021, the median employee pay was $109,401 at Hersha Hospitality Trust. Therefore, the ratio of Jay H. Shah's pay to the median employee pay was 51 to one.
Neil H. Shah, Chief Operating Officer, received a compensation package of $5.5M, which increased by 87% compared to previous year. 85% of the compensation package, or $4.7M, was in stock awards.
Ashish R. Parikh, Chief Financial Officer, earned $3.1M in 2021, a 74% increase compared to previous year.
Michael R. Gillespie, Chief Accounting Officer, received $1.4M in 2021, which increases by 36% compared to 2020.
Hasu P. Shah, Chairman, earned $1.2M in 2021, a 77% increase compared to previous year.
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Source: SEC filing on April 14, 2022.