Arlen D. Nordhagen is the former CEO and founder of National Storage Affiliates, a company focused on self-storage. Born in 1954 and educated with a Bachelor's degree in Business Administration, Nordhagen has carved a significant niche in the storage industry....

Number of Employees

1.11K

Year

2020

Total Compensation

$2.78M

Salary

$550.00K

Board Justification

The compensation philosophy is designed to attract and retain the best executive talent, align the interests of Named Executive Officers with those of shareholders, and encourage the achievement of business strategies and company growth.

Bonus

$778.46K

Board Justification

Based on achievement of certain quantitative and qualitative Company and individual performance objectives over the course of each year

Other

$11.40K

Board Justification

The value of the 401(k) employer matching contribution

Restricted Stock

$1.44M(47.23K LTIP units)

Board Justification

Performance-based LTIP unit awards granted in accordance with ASC Topic 718 based upon the number of units and value of the awards at their target levels on the grant date

Performance Metrics

Performance metrics include Same Store NOI growth, Core FFO per share, net acquisitions volume, and individual based goals.

SEC Filing

From April 9, 2021

Arlen D. Nordhagen

Founder and Ex-CEO of National Storage Affiliates

AD

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

May 1, 1954 - 70 years ago

Is Founder?

Yes

Tenure

5 years 0 months (Jan 2015 - Jan 2020)

Previous Experience

Chairman and CEO of National Storage Affiliates Trust since its inception. Extensive experience in the self-storage industry.