Bryce Blair served as the CEO of AvalonBay Communities, Inc., a leading real estate investment trust focused on apartment communities, until December 31, 2011. He graduated from the University of Virginia and has extensive experience in real estate, having worked...

Number of Employees

3.04K

Year

2011

Total Compensation

$2.42M

Salary

$823.37K

Board Justification

The compensation philosophy aims to attract, retain, and motivate experienced executives while aligning their interests with stockholders' interests through performance-based compensation.

Bonus

$1.32M

Board Justification

The actual cash bonus paid in 2012 with respect to performance in 2011 was determined based on the achievement of specific company performance goals and individual performance metrics.

Other

$284.90K

Board Justification

Other compensation includes dividends paid on unvested shares of restricted stock, contributions to the 401(k) plan, and premiums paid for life insurance policies.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock was granted in 2011 as Mr. Blair's long-term incentive awards were made only in the form of restricted shares due to his retirement.

Performance Metrics

The performance metrics for 2011 included total stockholder return, operating funds from operations, and individual performance goals.

SEC Filing

From March 29, 2012

Bryce Blair

Founder and Ex-CEO of AvalonBay Communities

BB

Education

Bachelor's degree from the University of Virginia.

Field of Expertise

Real Estate & Construction - Real Estate

Born

June 15, 1949 - 75 years ago

Is Founder?

Yes

Tenure

18 years 11 months (Jan 1993 - Dec 2011)

Previous Experience

Chairman and Chief Executive Officer at AvalonBay since its inception.