DDR CEO David Lukes' 2018 pay falls 21% to $6M
DDR reports 2018 executive compensation
By ExecPay News
Published: April 1, 2019
DDR reported fiscal year 2018 executive compensation information on April 1, 2019.
In 2018, four DDR executives received on average a compensation package of $2.7M, a 8% decrease compared to previous year.
Average pay of disclosed executives at DDR
David R. Lukes, Chief Executive Officer, received $6M in total, which decreased by 21% compared to 2017. 57% of Lukes' compensation, or $3.4M, was in stock awards. Lukes also received $1.7M in non-equity incentive plan, $850K in salary, as well as $46K in other compensation.
For fiscal year 2018, the median employee pay was $82,949 at DDR. Therefore, the ratio of David R. Lukes' pay to the median employee pay was 72 to one.
Matthew L. Ostrower, Chief Financial Officer, received a compensation package of $2M, which decreased by 14% compared to previous year. 38% of the compensation package, or $750K, was in non-equity incentive plan.
Michael A. Makinen, Chief Operating Officer, earned $1.9M in 2018, a 15% decrease compared to previous year.
Christa A. Vesy, Chief Accounting Officer, received $1.1M in 2018, which increases by 43% compared to 2017.
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Source: SEC filing on April 1, 2019.