Sundar PichaiSundar Pichai earned $164M in 2023

David R. Lukes is the CEO of SITE Centers Corporation, appointed to lead the company in its commitment to managing retail properties. His tenure reflects a significant understanding of the retail real estate landscape. In 2023, he had a total...

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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

0 years 9 months (Sep 2024 - Present)

Previous Experience

CEO of SITE Centers Corp.

Rivals

Competitors/colleagues of David R. Lukes

Holdings

See how much did David R. Lukes make over time.

David R. Lukes holds significant equity in SITE Centers Corp., with over 94,260 shares valued at approximately $1.04 million as of the last fiscal year-end. The value of his vested stock varies each year, reflecting the company's stock performance. Notably,...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did David R. Lukes make over time.

In 2023, David R. Lukes received total compensation of around $6.74 million, which includes a base salary of $900,000 and approximately $8.84 million from the vesting of stock awards. His compensation has seen significant variations over the years, peaking in 2021 with total earnings of $22.5 million, spurred by a performance-related bonus. This bonus tied to metrics like Operating Funds from Operations reflects the company's financial success. Notably, no bonuses were awarded in the years 2022 and 2023, showing that his performance incentives hinge directly on results. The strategic focus of his pay structure is to attract and retain talent while closely aligning executive rewards with long-term value creation for shareholders.

Year

2023

Total Compensation

$9.78M

Salary

$900.00K

Board Justification

The compensation philosophy aligns with company performance and shareholder value creation, focusing on long-term incentives and performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded in 2023.

Other

$40.61K

Board Justification

Includes automobile service, reimbursement for insurance premiums, and matching contributions to the 401(k) plan.

Restricted Stock

$8.84M(661.56K common stock)

Board Justification

The total number of shares acquired upon vesting of stock awards in 2023, including performance-based RSUs that vested based on performance metrics.

Performance Metrics

The performance metrics for 2023 included Operating FFO per share and qualitative assessments of individual performance.