Retail Properties of America CEO Steven Grimes' 2018 pay rises 12% to $5.3M
Retail Properties of America reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Retail Properties of America reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, four executives at Retail Properties of America received on average a compensation package of $3M, a 46% increase compared to previous year.
Average pay of disclosed executives at Retail Properties of America
Steven P. Grimes, Chief Executive Officer, received $5.3M in total, which increased by 12% compared to 2017. 53% of Grimes' compensation, or $2.8M, was in stock awards. Grimes also received $1.7M in non-equity incentive plan, $850K in salary, as well as $11K in other compensation.
For fiscal year 2018, the median employee pay was $85,953 at Retail Properties of America. Therefore, the ratio of Steven P. Grimes' pay to the median employee pay was 62 to one.
Shane C. Garrison, Chief Operating Officer, received a compensation package of $2.9M, which increased by 7% compared to previous year. 52% of the compensation package, or $1.5M, was in stock awards.
Paula C. Maggio, General Counsel, earned $2.1M in 2018, a 43% increase compared to previous year.
Julie M. Swinehart, Chief Financial Officer, received $1.6M in 2018, which increases by 98% compared to 2017.
Related executives
You may also like
Source: SEC filing on April 5, 2019.