Ernest S. Rady has been the driving force behind American Assets Trust, Inc. since stepping in as CEO in 2015. Under his leadership, the company has grown significantly and continues to adapt to challenges, such as the COVID-19 pandemic. In...

Ernest S. Rady has been the driving force behind American Assets Trust, Inc. since stepping in as CEO in 2015. Under his leadership, the company has grown significantly and continues to adapt to challenges, such as the COVID-19 pandemic. In July 2024, Rady announced his transition from CEO to Executive Chairman, scheduled for January 2025. This move follows years of impactful leadership where he played a crucial role in shaping the company’s direction. Notably, he holds a staggering 35% of the company’s shares, indicating strong alignment with shareholder interests. Rady’s compensation reflects this commitment, as his total earnings for 2022 reached over $5 million, driven mostly by discretionary bonuses tied to his performance metrics. The company's stock performance has seen fluctuations, with its market value peaking at over $450 million in late 2019. Rady's hands-on approach to management emphasizes long-term growth, focusing on aligning executive incentives with the company's performance metrics. He has effectively nurtured a resilient corporate culture that prioritizes performance and shareholder value. As the company gears up for a new leadership chapter, his legacy will likely influence the strategic direction for years to come.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other American Assets Trust CEOs

A

Ernest S. Rady

Ex-CEO of American Assets Trust

Sector of Economy

Real Estate

CEO of American Assets Trust for

9 years 3 months (Sep 2015 - Jan 2025)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Ernest S. Rady

S

Marc Holliday

CEO of SL Green Realty

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$2.91M

Other

$36.46K

Total Holdings

$89.45M

B

James M. Taylor Jr.

CEO of Brixmor Property Group

2023 Compensation

Stock

$6.59M

Salary

$1.10M

Bonus

$2.43M

Other

$36.11K

Total Holdings

$29.52M

H

Theodore J. Klinck

CEO of Highwoods Properties

2023 Compensation

Stock

$1.12M

Salary

$757.50K

Bonus

$1.22M

Other

$191.46K

Total Holdings

$12.73M

B

Owen D. Thomas

CEO of Boston Properties

2023 Compensation

Stock

$0.00

Salary

$950.00K

Bonus

$2.72M

Other

$31.64K

Total Holdings

$615.83K

P

C. Brent Smith

CEO of Piedmont Office Realty Trust

2023 Compensation

Stock

$1.29M

Salary

$700.00K

Bonus

$1.05M

Other

$22.75K

Total Holdings

$6.64M

Holdings

See how much did Ernest S. Rady make over time.

Ernest Rady has a substantial stake in American Assets Trust, holding about 35.6% of the company’s shares. His stock holdings peaked in late 2019, with the value soaring over $450 million. As of recent data in 2023, the value of...

Ernest Rady has a substantial stake in American Assets Trust, holding about 35.6% of the company’s shares. His stock holdings peaked in late 2019, with the value soaring over $450 million. As of recent data in 2023, the value of his holdings has fluctuated significantly, reflecting market dynamics, but remains a considerable portion of his overall wealth. His strategic decisions and shareholding align closely with the company’s success, showing his commitment to its long-term growth and stability. Rady’s holdings are a mix of common and performance-based restricted stock, indicating how his wealth is tied to the company’s performance metrics.

Total Stock Sold

$325.50K

AAT

$325.50K

10,000 AAT shares

What if they kept their stock?

If Ernest S. Rady didn't sell their stock, today they would have:
Extra AAT10,000 shares worth $278.20K.
This is -14.53% and $47.30K less than what they got when they sold the stock.

Charitable Transactions

AAT

722,662 shares

AAT

Recent Charitable Transactions

AAT

300 shares

AAT

Dec 13, 2021

Charity

AAT

122,000 shares

AAT

Dec 12, 2019

Charity

AAT

273,828 shares

AAT

Dec 15, 2016

Charity

AAT

167,613 shares

AAT

Dec 10, 2015

Charity

AAT

5,021 shares

AAT

Dec 31, 2014

Charity

AAT

153,900 shares

AAT

Dec 3, 2014

Charity

Insider Trading

See recent insider trades of Ernest S. Rady.

AAT

$2.77M

AAT at $18.80/share

May 11, 2023

Purchase

AAT

$4.57M

AAT at $18.88/share

May 8, 2023

Purchase

AAT

$3.37M

AAT at $18.75/share

May 4, 2023

Purchase

AAT

$5.69M

AAT at $17.77/share

May 1, 2023

Purchase

AAT

$192.90K

AAT at $19.29/share

Mar 13, 2023

Purchase

AAT

$879.20K

AAT at $21.98/share

Mar 9, 2023

Purchase

AAT

124,960 shares

AAT

Dec 7, 2022

Received

AAT

$567.00K

AAT at $28.35/share

Nov 4, 2022

Purchase

AAT

$1.38M

AAT at $27.65/share

Oct 31, 2022

Purchase

AAT

$2.36M

AAT at $26.99/share

Sep 15, 2022

Purchase

Compensation History

See how much did Ernest S. Rady make over time.

In 2022, Ernest Rady’s total compensation exceeded $5 million, primarily from a salary of $650,000 and a discretionary bonus of $1.25 million. His compensation plan is designed to align with the company's performance metrics, ensuring that his pay is closely tied to both individual and overall company performance. Rady's total compensation has fluctuated over the years, peaking during years of strong company performance, and reflects his pivotal role in navigating through challenges like the COVID-19 impact. Notably, he does not participate in a traditional bonus plan but relies on performance metrics that resonate with shareholders. This strategy showcases his focus on long-term business objectives and shareholder value creation.

Year

2022

Total Compensation

$2.15M

Salary

$650.00K

Board Justification

The compensation program is designed to attract, retain, and motivate executives to achieve long-term business objectives and create stockholder value, aligning pay with performance and market standards.

Bonus

$1.25M

Board Justification

The annual bonus for Mr. Rady is determined at the discretion of the Compensation Committee, based on individual and company performance metrics.

Other

$252.62K

Board Justification

Includes 401(k) matching contributions, dividends on restricted stock, and accrued paid time off (PTO) payout.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were awarded to Mr. Rady in 2022 due to ownership limits in the company's charter.

Performance Metrics

The performance metrics include funds from operations (FFO) and total shareholder return (TSR) relative to the S&P 600 Real Estate Index.

Other American Assets Trust CEOs

Here are other CEOs of American Assets Trust

Adam Wyll

CEO of American Assets Trust

January 2025 - Present