PS Business Parks CEO Maria Hawthorne's 2019 pay falls 75% to $957K
PS Business Parks reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
PS Business Parks reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, four executives at PS Business Parks received on average a compensation package of $749K, a 57% decrease compared to previous year.
Average pay of disclosed executives at PS Business Parks
Maria R. Hawthorne, Chief Executive Officer, received $957K in total, which decreased by 75% compared to 2018. 52% of Hawthorne's compensation, or $495K, was in non-equity incentive plan. Hawthorne also received $451K in salary and $11K in other compensation.
For fiscal year 2019, the median employee pay was $90,319 at PS Business Parks. Therefore, the ratio of Maria R. Hawthorne's pay to the median employee pay was 11 to one.
John W. Petersen, Chief Operating Officer, received a compensation package of $864K, which increased by 20% compared to previous year. 53% of the compensation package, or $460K, was in non-equity incentive plan.
Jeffrey D. Hedges, Chief Financial Officer, earned $762K in 2019, a 60% decrease compared to previous year.
Trenton A. Groves, Chief Accounting Officer, received $412K in 2019, which decreases by 28% compared to 2018.
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Source: SEC filing on March 20, 2020.