David J. Neithercut is the CEO of Equity Residential, a leading real estate investment trust focused on apartment communities. He took on this role in January 2006, and since then, the company has performed really well, providing a total return...

Number of Employees

2.4K

Year

2023

Total Compensation

$9.88M

Salary

$900.00K

Board Justification

The compensation philosophy is designed to align executive pay with performance, with a significant portion of total compensation tied to performance metrics and shareholder interests.

Bonus

$2.31M

Board Justification

Performance Bonus based on achievement of corporate and individual goals for 2023, resulting in an overall weighted achievement of 114.18% of target.

Other

$15.44K

Board Justification

Includes Company matching and contributions to the Company’s 401(k) plan and the cost of executive physicals.

Restricted Stock

$6.65M(6.65M Share Awards)

Board Justification

Share Awards granted under the Annual Incentive Plan for services performed in 2022, which vested in 2023.

Performance Metrics

Corporate Goals included Annual Growth in Same Store Net Operating Income, Normalized Funds from Operations per Share, Environmental, Social and Governance metrics, and Normalized G&A and Property Management Costs.

SEC Filing

From April 16, 2024

David J. Neithercut

CEO of Equity Residential

E

Education

Not specified

Field of Expertise

Business & Management

Born

June 12, 1956 - 68 years ago

Is Founder?

No

Current Tenure

19 years 0 months (Jan 2006 - Present)

Previous Experience

Executive Vice President of Corporate Strategy, Executive Vice President and Chief Financial Officer at Equity Residential