Ramco-Gershenson Properties Trust CEO Dennis Gershenson's 2007 pay slips 7% to $960K

Ramco-Gershenson Properties Trust reports 2007 executive compensation

By ExecPay News

Published: April 29, 2008

Ramco-Gershenson Properties Trust reported fiscal year 2007 executive compensation information on April 29, 2008.

In 2007, five executives at Ramco-Gershenson Properties Trust received on average a compensation package of $602K, a 1% increase compared to previous year.

Average pay of disclosed executives at Ramco-Gershenson Properties Trust

Dennis Gershenson, Chief Executive Officer, received $960K in total, which decreased by 7% compared to 2006. 46% of Gershenson's compensation, or $441K, was in salary. Gershenson also received $99K in option awards, $393K in stock awards, as well as $27K in other compensation.

Frederick A. Zantello, Executive VP, received a compensation package of $580K, which increased by 15% compared to previous year. 51% of the compensation package, or $298K, was in salary.

Thomas W. Litzler, Executive VP, Development and New Business Initiatives, earned $555K in 2007, a 8% increase compared to previous year.

Richard J. Smith, Chief Financial Officer, received $514K in 2007, which decreases by 14% compared to 2006.

Michael J. Sullivan, Senior VP — Asset Management, earned $400K in 2007.