Washington Real Estate Investment Trust CEO Paul McDermott's 2019 pay rises 9% to $3.9M
Washington Real Estate Investment Trust reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Washington Real Estate Investment Trust reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, four executives at Washington Real Estate Investment Trust received on average a compensation package of $1.8M, a 13% decrease compared to previous year.
Average pay of disclosed executives at Washington Real Estate Investment Trust
Paul T. McDermott, Chief Executive Officer, received $3.9M in total, which increased by 9% compared to 2018. 49% of McDermott's compensation, or $1.9M, was in stock awards. McDermott also received $1.2M in non-equity incentive plan, $650K in salary, as well as $161K in other compensation.
For fiscal year 2019, the median employee pay was $102,799 at Washington Real Estate Investment Trust. Therefore, the ratio of Paul T. McDermott's pay to the median employee pay was 38 to one.
Stephen E. Riffee, Chief Financial Officer, received a compensation package of $2M, which increased by 9% compared to previous year. 44% of the compensation package, or $899K, was in stock awards.
Taryn D. Fielder, General Counsel, earned $1.2M in 2019, a 15% increase compared to previous year.
Thomas Q. Bakke, Chief Operating Officer, received $108K in 2019, which decreases by 94% compared to 2018.
Related executives
You may also like
Source: SEC filing on April 9, 2020.