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...

Current Market Cap

$28.00B

Number of Employees

2.4K

Total Compensation

2019 - 2023

Trending up by 268.55% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 9.09% last year

Bonus

Up by 24.56% last year

Other

Up by 0.00% last year

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