Washington Real Estate Investment Trust CEO George McKenzie's 2009 pay jumps 121% to $2.3M

Washington Real Estate Investment Trust reports 2009 executive compensation

By ExecPay News

Published: April 5, 2010

Washington Real Estate Investment Trust reported fiscal year 2009 executive compensation information on April 5, 2010.

In 2009, five executives at Washington Real Estate Investment Trust received on average a compensation package of $1.5M, a 125% increase compared to previous year.

Average pay of disclosed executives at Washington Real Estate Investment Trust

George F. McKenzie, Chief Executive Officer, received $2.3M in total, which increased by 121% compared to 2008. 58% of McKenzie's compensation, or $1.4M, was in stock awards. McKenzie also received $467K in non-equity incentive plan, $406K in salary, as well as $100K in other compensation.

William T. Camp, Chief Financial Officer, received a compensation package of $1.6M, which increased by 532% compared to previous year. 51% of the compensation package, or $806K, was in stock awards.

Laura M. Franklin, Secretary, earned $1.5M in 2009, a 109% increase compared to previous year.

Michael S. Paukstitus, Senior Vice President - Real Estate, received $969K in 2009, which increases by 77% compared to 2008.

Thomas L. Regnell, Senior Vice President - Acquisitions, earned $965K in 2009, a 75% increase compared to previous year.