In 2024, David R. Lukes earned $2.92M in total compensation at Curbline Properties, including $687.50K salary and $2.19M bonus. 1+ years at the helm of Curbline Properties.
Compensation History
Annual executive compensation data for David R. Lukes, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$2.92M
Salary
$687.50K
Bonus
$2.19M
Other
$45.07K
Salary
$687.50KBoard Justification
The compensation framework of the Company for its NEOs is designed to foster a performance-driven, pay-for-performance culture that is intended to align our NEO’s interests with those of our stockholders while also rewarding the NEOs for superior individual achievements that promote the long-term value of the Company.
Bonus
$2.19MBoard Justification
The annual cash incentive for 2024 was split between SITE Centers and Curbline and consisted of (1) a pro-rated payment from SITE Centers for the portion of 2024 occurring prior to the Spin-Off based on performance determined by the SITE Centers Compensation Committee in its sole discretion as of the Spin-Off Date, and (2) a payment from Curbline for the remaining portion of 2024 based on the performance of Curbline, as determined by the Compensation Committee in its sole discretion.
Other Compensation
$45.07KBoard Justification
automobile service, reimbursement of personal disability/life insurance premiums of $25,000, matching contributions to the 401(k) plan and matching contribution to the medical HSA Plan
Restricted Stock
Board Justification
N/A
Performance Metrics
Successfully completed the Spin-Off from SITE Centers and listed the Company’s shares on the New York Stock Exchange, Acquired 20 convenience shopping centers for a total of $206.1 million, Engaged in extensive investor outreach and other investor relations activities with the investment community following the completion of the Spin-Off, Entered into a $500 million credit facility, including a $400 million revolving credit facility and a $100 million delayed draw term loan, Entered into a forward interest rate swap agreement to fix the variable-rate component of the $100.0 million delayed draw term loan, fixing the all-in rate of the term loan facility at 5.078% based on the loan’s current applicable spread.
David R. Lukes
CEO of Curbline Properties
Education
MBA from Harvard Business School
Field of Expertise
Real Estate & Construction - Real Estate
Born
May 15, 1972 - 53 years ago
CEO of Curbline Properties for
1 year 3 months (Sep 2024 - Present)
Previous Experience
CEO of SITE Centers Corp.
Holdings
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Insider Trading
David R. Lukes's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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