Washington Real Estate Investment Trust CEO George McKenzie's 2008 pay falls 40% to $1.1M

Washington Real Estate Investment Trust reports 2008 executive compensation

By ExecPay News

Published: April 7, 2009

Washington Real Estate Investment Trust reported fiscal year 2008 executive compensation information on April 7, 2009.

In 2008, six executives at Washington Real Estate Investment Trust received on average a compensation package of $651K, a 48% decrease compared to previous year.

Average pay of disclosed executives at Washington Real Estate Investment Trust

George F. McKenzie, Chief Executive Officer, received $1.1M in total, which decreased by 40% compared to 2007. 40% of McKenzie's compensation, or $425K, was in salary. McKenzie also received $276K in non-equity incentive plan, $240K in stock awards, as well as $112K in other compensation.

Sara L. Grootwassink, Chief Financial Officer, received a compensation package of $799K, which decreased by 37% compared to previous year. 41% of the compensation package, or $330K, was in salary.

Laura M. Franklin, Secretary, earned $701K in 2008, a 38% decrease compared to previous year.

Thomas L. Regnell, Senior Vice President - Acquisitions, received $551K in 2008, which decreases by 31% compared to 2007.

Michael S. Paukstitus, Senior Vice President - Real Estate, earned $548K in 2008, a 8% increase compared to previous year.

William T. Camp, Chief Financial Officer, received $250K in 2008.