Sovran Self Storage CEO Joseph Saffire's 2021 pay rises 16% to $5.2M
Sovran Self Storage reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Sovran Self Storage reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, three executives at Sovran Self Storage received on average a compensation package of $2.9M, a 1% increase compared to previous year.
Average pay of disclosed executives at Sovran Self Storage
Joseph V. Saffire, Chief Executive Officer, received $5.2M in total, which increased by 16% compared to 2020. 66% of Saffire's compensation, or $3.4M, was in stock awards. Saffire also received $1.1M in non-equity incentive plan, $680K in salary, as well as $4.8K in other compensation.
For fiscal year 2021, the median employee pay was $35,260 at Sovran Self Storage. Therefore, the ratio of Joseph V. Saffire's pay to the median employee pay was 147 to one.
Andrew J. Gregoire, Chief Financial Officer, received a compensation package of $2.2M, which increased by 9% compared to previous year. 47% of the compensation package, or $1M, was in stock awards.
Edward F. Killeen, Chief Operating Officer, earned $1.2M in 2021, a 42% decrease compared to previous year.
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Source: SEC filing on April 14, 2022.