Federal Realty Investment Trust CEO Donald Wood’s Compensation Skyrockets

3/23/17

By Charlotte Chilton, Maryland Business News Wire

Donald C. Wood

Federal Realty Investment Trust’s chief executive officer received a 73 percent increase in total compensation from the previous fiscal year, according to a Securities and Exchange Commission filing.

Donald C. Wood, president and chief executive officer of the Rockville-based real estate investment trust, received a total compensation of $9.5 million for the 2016 fiscal year, up from total compensation of $5.5 million in 2015.

He received a salary of $950,000, a 12 percent increase from 2015. His stocks awarded increased 115 percent from 2015 to $7.5 million from $3.5 million. In addition, Wood received an annual bonus of $1.4 million.

Wood collected 75 percent of his annual bonus in cash, totaling $1.06 million.

The real estate investment trust, which owns, manages, and develops retail and mix-use properties, reported increases in revenue and net income for the 2016 fiscal year. The company reported a $800 million in revenue, a 7.7 percent increase, and $249 million in net income, a 19 percent increase.

The company hired Daniel Guglielmore as chief financial officer in the 2016 fiscal year. Guglielmore received a total compensation of $2.02 million for his first year at Federal Realty Investment Trust.

The real estate investment trust’s stock price is currently $134.91, up $1.80 in Thursday morning trading.