In 2021, Thomas F. August earned $12.28M in total compensation at SITE Centers Corporation, including $900.00K salary, $2.25M bonus and $9.13M in stock. Led SITE Centers Corporation as CEO for 4 years.
Compensation History
Annual executive compensation data for Thomas F. August, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$12.28M
Salary
$900.00K
Bonus
$2.25M
Other
$0.00
Salary
$900.00KBoard Justification
The compensation philosophy emphasizes performance-based incentives aligned with shareholder interests, with a significant portion of total compensation being 'at risk' based on performance metrics.
Bonus
$2.25MBoard Justification
The annual incentive payout for 2021 was based on performance metrics including Operating FFO and Adjusted EBITDA, with a maximum payout opportunity of $2,250,000 based on achieving maximum performance levels.
Other Compensation
$0.00Board Justification
No additional compensation reported outside of salary, bonus, and stock.
Restricted Stock
Board Justification
The vested stock consists of service-based RSUs that generally vest over three years, with the total number of shares vested as of December 31, 2021.
Performance Metrics
The performance metrics for 2021 included Operating FFO and Adjusted EBITDA, which comprised 60% of the overall assessment for annual incentive compensation.
Thomas F. August
Ex-CEO of SITE Centers Corporation
Education
Not specified
Field of Expertise
Real Estate & Construction - Real Estate
Sector of Economy
Real Estate
Born
January 1, 1948 - 77 years ago
CEO of SITE Centers Corporation for
4 years 6 months (Jul 2016 - Feb 2021)
Previous Experience
Chairman of the board of DCT Industrial Trust Inc.; President and CEO of Equity Office Property Trust; President, CEO, and trustee of Prentiss Properties Trust.
Holdings
Track Thomas F. August's stock holdings and portfolio value over time.
Insider Trading
Thomas F. August's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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