Washington Real Estate Investment Trust CEO George McKenzie's 2010 pay falls 45% to $1.3M

Washington Real Estate Investment Trust reports 2010 executive compensation

By ExecPay News

Published: April 1, 2011

Washington Real Estate Investment Trust reported fiscal year 2010 executive compensation information on April 1, 2011.

In 2010, five executives at Washington Real Estate Investment Trust received on average a compensation package of $846K, a 42% decrease compared to previous year.

Average pay of disclosed executives at Washington Real Estate Investment Trust

George F. McKenzie, Chief Executive Officer, received $1.3M in total, which decreased by 45% compared to 2009. 38% of McKenzie's compensation, or $491K, was in non-equity incentive plan. McKenzie also received $414K in salary, $276K in stock awards, as well as $107K in other compensation.

William T. Camp, Chief Financial Officer, received a compensation package of $848K, which decreased by 46% compared to previous year. 38% of the compensation package, or $325K, was in salary.

Laura M. Franklin, Secretary, earned $836K in 2010, a 43% decrease compared to previous year.

Thomas L. Regnell, Senior Vice President and Managing Director, Office Division, received $630K in 2010, which decreases by 35% compared to 2009.

Michael S. Paukstitus, Senior Vice President, Real Estate, earned $628K in 2010, a 35% decrease compared to previous year.