Adam D. Portnoy is the CEO of The RMR Group, a major player in real estate asset management. Since 2015, he has led the company, which manages several public real estate investment trusts (REITs). Portnoy has a rich background in...

Adam D. Portnoy is the CEO of The RMR Group, a major player in real estate asset management. Since 2015, he has led the company, which manages several public real estate investment trusts (REITs). Portnoy has a rich background in finance, having worked in investment banking and private equity before transitioning to real estate management. He also serves as the Honorary Consul General of Bulgaria to Massachusetts, which showcases his commitment to community engagement. Known for his strategic leadership, he chairs the boards of several organizations, including Diversified Healthcare Trust and Service Properties Trust. Interestingly, Adam graduated with a degree in History from Brandeis University, highlighting that while his career is focused on finance and real estate, his background is rooted in a broader understanding of the world. In 2019, he earned a total compensation of over $3.9 million, mostly from performance-based bonuses that indicate his success in driving the company's growth in a competitive market. Portnoy's hands-on experience, starting from his roots in a telecommunications venture, provides a unique perspective to lead The RMR Group into the future.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Adam D. Portnoy

CEO of The RMR Group

Education

Bachelor's degree from Occidental College.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

December 31, 1970 - 54 years ago

CEO of The RMR Group for

10 years 1 month (Jun 2015 - Present)

Previous Experience

Investment banker at Donaldson, Lufkin & Jenrette and private equity at DLJ Merchant Banking Partners and International Finance Corporation.

Rivals

Competitors/colleagues of Adam D. Portnoy

Holdings

See how much did Adam D. Portnoy make over time.

Adam D. Portnoy holds significant wealth in The RMR Group's stock, indicating strong confidence in the company’s direction. His holdings reflect his commitment to the firm's success, with fluctuations in stock performance tied closely to strategic decisions made during his...

Adam D. Portnoy holds significant wealth in The RMR Group's stock, indicating strong confidence in the company’s direction. His holdings reflect his commitment to the firm's success, with fluctuations in stock performance tied closely to strategic decisions made during his tenure. In previous years, his personal wealth largely relied on the value of his holdings, showcasing his alignment with shareholder interests. However, as of 2019, his financial landscape is diversified, focusing on beneficial long-term gains rather than short-term fluctuations. This strategic shift underscores his leadership style, which balances risk and potential growth for RMR and its stakeholders.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Adam D. Portnoy make over time.

In 2019, Adam D. Portnoy's total compensation reached approximately $3.9 million. This figure was primarily driven by a substantial bonus of $2.675 million, reflecting the company's performance and his leadership impact. His salary was $325,000, with other compensations adding an additional $31,891, which included matching contributions to retirement plans. Notably, no stock awards were vested in that year, indicating a focus on cash compensation tied to his performance metrics. The compensation model emphasizes a heavy reliance on performance-based factors, showcasing a philosophy that aligns the CEO’s incentives with the company’s overall success. This aligns with best practices in executive compensation, supporting retention and long-term growth strategies.

Year

2019

Total Compensation

$3.03M

Salary

$325.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on discretionary bonuses based on performance evaluations.

Bonus

$2.68M

Board Justification

The annual cash bonuses were discretionary and based on a performance evaluation conducted by the Equity Plan Committee, considering overall company performance and individual contributions.

Other

$31.89K

Board Justification

This includes matching contributions made to the 401(k) plan and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2019 as the amounts listed include only stock that was granted, not vested.

Performance Metrics

The performance metrics considered for the bonuses included overall company performance and individual contributions.