Pennsylvania Real Estate Investment Trust CEO Joseph Coradino's 2019 pay rises 6% to $5.2M

Pennsylvania Real Estate Investment Trust reports 2019 executive compensation

By ExecPay News

Published: April 17, 2020

Pennsylvania Real Estate Investment Trust reported fiscal year 2019 executive compensation information on April 17, 2020.

In 2019, five executives at Pennsylvania Real Estate Investment Trust received on average a compensation package of $2.7M, a 32% increase compared to previous year.

Average pay of disclosed executives at Pennsylvania Real Estate Investment Trust

Joseph F. Coradino, Chief Executive Officer, received $5.2M in total, which increased by 6% compared to 2018. 58% of Coradino's compensation, or $3M, was in stock awards. Coradino also received $32K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $850K in salary, as well as $61K in other compensation.

For fiscal year 2019, the median employee pay was $79,777 at Pennsylvania Real Estate Investment Trust. Therefore, the ratio of Joseph F. Coradino's pay to the median employee pay was 65 to one.

Robert F. McCadden, Chief Financial Officer, received a compensation package of $5M, which increased by 144% compared to previous year. 68% of the compensation package, or $3.4M, was in other compensation.

Mario C. Ventresca, Jr, Chief Financial Officer, earned $1.2M in 2019, a 3% increase compared to previous year.

Joseph J. Aristone, Executive Vice President, Leasing, received $1.1M in 2019, which decreases by 4% compared to 2018.

Andrew M. Ioannou, Executive Vice President, Finance and Acquisitions, earned $999K in 2019, which is about the same as previous year.