Sundar PichaiSundar Pichai earned $164M in 2023

Bruce W. Duncan served as the CEO and President of Equity Residential from 2003 to 2006, a key player in the real estate sector. With a wealth of experience in this field, he previously held significant roles at The Cadillac...

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Bruce W. Duncan

Ex-CEO of Equity Residential

Education

Not specified

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1945 - 80 years ago

CEO of Equity Residential for

7 years 0 months (Jan 1999 - Jan 2006)

Previous Experience

President and CEO of Equity Residential

Holdings

See how much did Bruce W. Duncan make over time.

During his time leading Equity Residential, Bruce Duncan was active in insider trading, reflecting his confidence in the company's prospects. In 2019, he had significant trades worth around $4.66 million spread across several months, indicating strong belief and participation in...

Total Stock Sold

$33.62M

EQR

$33.62M

523,312.747 EQR shares

What if they kept their stock?

If Bruce W. Duncan didn't sell their stock, today they would have:
Extra EQR523,312.747 shares worth $34.15M.
This is 1.57% and $528.27K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Bruce W. Duncan.

SMRT

$248.21K

SMRT at $2.92/share

Nov 17, 2023

Purchase

SMRT

$179.20K

SMRT at $4.48/share

May 13, 2022

Purchase

SMRT

$148.69K

SMRT at $9.91/share

Nov 18, 2021

Purchase

SMRT

$110.00K

SMRT at $11.00/share

Nov 15, 2021

Purchase

SMRT

$126.65K

SMRT at $12.67/share

Sep 8, 2021

Purchase

SMRT

$122.25K

SMRT at $12.23/share

Sep 2, 2021

Purchase

EQR

$1.59M

EQR at $69.21/share

Nov 6, 2017

Sale

EQR

$685.00K

EQR at $68.50/share

Sep 8, 2017

Sale

EQR

$1.70M

EQR at $68.00/share

Aug 23, 2017

Sale

EQR

$113.34K

EQR at $67.23/share

Jun 7, 2017

Sale

Compensation History

See how much did Bruce W. Duncan make over time.

In his role as CEO of Equity Residential, Bruce W. Duncan's compensation was structured primarily around cash, demonstrating a focus on immediate performance and results. For instance, in 2006, his total pay was about $1.5 million, with a salary of $600,000 and a significant annual bonus of $900,000. This bonus was tied to both current results and long-term company success. His approach to compensation was different than many, as he did not prioritize stock options or long-term vested shares during his leadership. Instead, he aimed for transparency and performance alignment with shareholders. The focus on cash incentives shows a practical approach to leading a publicly traded real estate company, where immediate financial health is crucial. Notably, during his time, he also made voluntary reductions in his bonus to fund employee recognition grants, highlighting a level of employee-centric leadership. Overall, Duncan's compensation reflected a practical view of corporate leadership aims for both performance and accountability.

Year

2006

Total Compensation

$1.50M

Salary

$600.00K

Board Justification

The compensation philosophy is competitive and market-based, performance-driven, fair and internally equitable, consistent and flexible, easy to understand and administer, and openly communicated to employees.

Bonus

$900.00K

Board Justification

The annual cash bonus is based on the achievement of current-year objectives as well as long-term success of the Company, with a target set at the time of hire or promotion.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary and bonus.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2006 as the focus is on cash compensation and performance metrics for the year.

Performance Metrics

The performance metrics for determining the compensation include financial goals and individual performance assessments.

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