Pennsylvania Real Estate Investment Trust CEO Joseph Coradino's 2018 pay jumps 32% to $4.9M

Pennsylvania Real Estate Investment Trust reports 2018 executive compensation

By ExecPay News

Published: April 18, 2019

Pennsylvania Real Estate Investment Trust reported fiscal year 2018 executive compensation information on April 18, 2019.

In 2018, five executives at Pennsylvania Real Estate Investment Trust received on average a compensation package of $2.1M, a 18% increase compared to previous year.

Average pay of disclosed executives at Pennsylvania Real Estate Investment Trust

Joseph F. Coradino, Chief Executive Officer, received $4.9M in total, which increased by 32% compared to 2017. 54% of Coradino's compensation, or $2.6M, was in stock awards. Coradino also received $150K in bonus, $15K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $800K in salary, as well as $61K in other compensation.

For fiscal year 2018, the median employee pay was $71,951 at Pennsylvania Real Estate Investment Trust. Therefore, the ratio of Joseph F. Coradino's pay to the median employee pay was 68 to one.

Robert F. McCadden, Chief Financial Officer, received a compensation package of $2.1M, which increased by 16% compared to previous year. 45% of the compensation package, or $935K, was in stock awards.

Mario C. Ventresca, Jr, Executive Vice President, Operations, earned $1.2M in 2018, a 11% increase compared to previous year.

Joseph J. Aristone, Executive Vice President, Leasing, received $1.1M in 2018.

Andrew M. Ioannou, Executive Vice President, Finance and Acquisitions, earned $1M in 2018, a 13% increase compared to previous year.