Vornado's CEO to take 50% base salary cut for rest of 2020; base salary was 7.7% of 2019's total compensation [MarketWatch]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: MarketWatch
Vornado Realty Trust, the real estate investment trust that owns office, retail and merchandise properties, disclosed Monday that Chief Executive Steven Roth has waved 50% of his "annual base salary," effective April 1 through the end of 2020, in response to the impact on its business from the COVID-19 pandemic. To put that pay cut in context, the company said in its 2019 Proxy Statement, that was filed to the Securities and Exchange Commission on April 3, that Roth's base salary in 2019 was $880,003, and represented 7.7% of his total compensation of $11.47 million, which was down slightly from a base salary of $1,000,000 and total compensation of $11.60 million in 2018. Vornado's stock, which is down 40.0% year to date, gained 7.2% in 2019, while the SPDR Real Estate Select Sector ETF rallied 24.7% and the S&P 500 climbed 28.9%.
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VNO
Earnings
- 5/6/24 - Miss
VNO
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- VNO's page on the SEC website