Sundar PichaiSundar Pichai earned $164M in 2023

David K. Holeman currently serves as the Chief Executive Officer of Whitestone REIT. He took on this role in January 2022 after previously being the Chief Financial Officer of the company from 2006. David has a solid background in finance...

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David K. Holeman

CEO of Whitestone Realty Trust

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

March 15, 1972 - 53 years ago

CEO of Whitestone Realty Trust for

3 years 5 months (Jan 2022 - Present)

Previous Experience

Chief Financial Officer of Whitestone REIT from 2006 to 2022; previously held CFO position at Gexa Energy.

Holdings

See how much did David K. Holeman make over time.

David K. Holeman, as the CEO of Whitestone REIT, holds approximately 575,903 shares, which represents about 1.2% ownership in the company. His holdings indicate a strong commitment to the business and its growth potential. This stake includes 124,895 restricted common...

Total Stock Sold

$44.01K

WSR

$44.01K

3,421 WSR shares

What if they kept their stock?

If David K. Holeman didn't sell their stock, today they would have:
Extra WSR3,421 shares worth $22.54K.
This is -48.78% and $21.47K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David K. Holeman.

WSR

54,898 shares

WSR

Dec 31, 2024

Received

WSR

26,851 shares

WSR

Jun 28, 2024

Received

WSR

120,000 shares

WSR

Dec 31, 2023

Received

WSR

43,788 shares

WSR

Jun 30, 2023

Received

WSR

27,449 shares

WSR

Jun 30, 2022

Received

WSR

60,000 shares

WSR

Jun 30, 2021

Received

WSR

15,951 shares

WSR

Dec 31, 2020

Received

WSR

75,000 shares

WSR

Jul 31, 2020

Received

WSR

76,798 shares

WSR

Dec 31, 2019

Received

WSR

44,685 shares

WSR

Jun 30, 2019

Received

Compensation History

See how much did David K. Holeman make over time.

In 2022, David K. Holeman received total compensation of $1,688,205. This includes a salary of $434,231, which is the foundational part of his earnings. Interestingly, there was no annual cash bonus awarded, as the previous CEO had been terminated for cause just before the annual bonus approval. He also received $655,871 from vested stock awards, which indicates that a significant part of his compensation is tied to stock performance. Additional compensation of $25,482 was added from other benefits, including 401(k) matching contributions. The structure of his compensation reflects a performance-based philosophy aimed at aligning executive pay with the company's success, where a significant portion of his income hinges on the company's performance metrics.

Year

2022

Total Compensation

$1.12M

Salary

$434.23K

Board Justification

The compensation philosophy is to align executive compensation with performance, ensuring a significant portion of pay is at risk and tied to the achievement of strategic goals.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for 2022 as the former CEO was terminated for cause before the annual cash incentives were determinable and approved.

Other

$25.48K

Board Justification

Other compensation includes matching contributions under the 401(k) plan and the incremental cost of automobiles not used exclusively for business purposes.

Restricted Stock

$655.87K(59.9K common stock)

Board Justification

The stock awards that vested in 2022 were based on the performance of the company and included shares from previous grants that were vested during the year.

Performance Metrics

The performance metrics that determined compensation included FFO per share, same store NOI growth, same store year-end occupancy, acquisition volume, G&A as a percentage of revenue, and net debt to pro forma EBITDA.

Other Whitestone Realty Trust CEOs

Here are other CEOs of Whitestone Realty Trust