In 2023, Steven P. Grimes earned $10.37M in total compensation at Kite Realty Group, including $950.00K salary, $2.85M bonus and $6.54M in stock. Most recently sold 74,590 shares in Sep 2024. Currently holds stock worth $15.77M. 4+ years at the helm of Kite Realty Group.
Compensation History
Annual executive compensation data for Steven P. Grimes, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$10.37M
Salary
$950.00K
Bonus
$2.85M
Other
$36.33K
Salary
$950.00KBoard Justification
The compensation program is designed to attract, retain, and motivate outstanding senior executives, ensuring compensation remains competitive and aligned with shareholder interests.
Bonus
$2.85MBoard Justification
Annual cash bonus payments based on a pre-established formula, calculated 80% on objective financial and operating performance metrics and 20% on individual performance.
Other Compensation
$36.33KBoard Justification
Includes premiums paid for health and dental insurance, life and disability insurance benefits, contributions to health savings accounts, and matching contributions to the 401(k) Plan.
Restricted Stock
Board Justification
Time-based LTIP Units that vested in 2023, reflecting the value of shares that have not vested as of December 31, 2023.
Performance Metrics
FFO/share, Same Property NOI, Retail Portfolio Leased Rate, ESG Items, and Individual Performance.
Steven P. Grimes
CEO of Kite Realty Group
Education
B.S. in Accounting from Indiana University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Real Estate
Born
March 1, 1968 - 57 years ago
CEO of Kite Realty Group for
4 years 1 month (Oct 2021 - Present)
Previous Experience
Chief Executive Officer of RPAI since 2009
Other Kite Realty Group CEOs
Holdings
Track Steven P. Grimes's stock holdings and portfolio value over time.
Total Stock Sold
$4.52M
$4.52M
187,590 KRG shares
What if they kept their stock?
If Steven P. Grimes didn't sell their stock, today they would have:
Extra KRG187,590 shares worth $4.24M.
This is -6.05% and $273.18K less than what they got when they sold the stock.
Insider Trading
Steven P. Grimes's recent stock transactions, purchases, and sales filed with the SEC.
$2.00M
KRG at $26.80/share
Sep 16, 2024
Sale
6,233 shares
KRG
May 30, 2024
Received
$509.55K
KRG at $23.70/share
Dec 14, 2023
Sale
6,308 shares
KRG
May 10, 2023
Received
$289.34K
KRG at $22.35/share
Nov 30, 2022
Sale
$1.73M
KRG at $21.99/share
Nov 21, 2022
Sale
6,494 shares
KRG
May 11, 2022
Received
6,494 shares
KRG
May 11, 2022
Received
3,356 shares
KRG
Oct 22, 2021
Received
Rivals
Compare Steven P. Grimes with competitor CEOs and industry peers.
Conor C. Flynn
CEO of Kimco Realty
2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$2.92M
Other
$26.34K
Total Holdings
$57.98M
Lisa Palmer
CEO of Regency Centers
2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$2.71M
Other
$20.22K
Total Holdings
$22.21M
Donald C. Wood
CEO of Federal Realty
2023 Compensation
Stock
$5.55M
Salary
$1.00M
Bonus
$1.41M
Other
$33.01K
Total Holdings
$98.53K
Jeffrey S. Edison
Founder and CEO of Phillips Edison & Company
2023 Compensation
Stock
$0.00
Salary
$910.52K
Bonus
$1.61M
Other
$457.58K
Total Holdings
$10.37M
Jeffrey S. Olson
CEO of Urban Edge Properties
2023 Compensation
Stock
$1.66M
Salary
$1.10M
Bonus
$2.33M
Other
$22.50K
Total Holdings
$2.36M