Sundar PichaiSundar Pichai earned $164M in 2023
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David K. Holeman

CEO of Whitestone Realty Trust

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Finance

Born

March 15, 1972 - 52 years ago

Economy Sector

Real Estate

Current Tenure

3 years 0 months (Jan 2022 - Present)

Previous Experience

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

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...

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.