Jack E. Salmon served as the CEO and president of Independence Realty Trust from January 20, 2011, until February 8, 2013. With a Bachelor of Science in Commerce from Rider University, he has deep expertise in finance, which was crucial...

Jack E. Salmon served as the CEO and president of Independence Realty Trust from January 20, 2011, until February 8, 2013. With a Bachelor of Science in Commerce from Rider University, he has deep expertise in finance, which was crucial during his tenure. Interestingly, in 2013, he did not receive any cash compensation or stock awards, reflecting the company's choice to align executive interests with long-term performance rather than immediate pay. He was instrumental in the company’s expansion, leading the acquisition of new apartment properties during his leadership. Salmon’s background also includes extensive experience in public accounting and finance, having worked with several high-profile firms prior to joining the company. His resignation marked a shift in leadership strategy but underscored the transient nature of corporate roles in real estate management where market dynamics and board decisions play a significant role.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Independence Realty Trust CEOs

I

Jack E. Salmon

Ex-CEO of Independence Realty Trust

Education

Bachelor of Science in Commerce from Rider University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1954 - 71 years ago

CEO of Independence Realty Trust for

2 years 0 months (Jan 2011 - Feb 2013)

Previous Experience

Chief Financial Officer and Treasurer at RAIT Financial Trust; various positions in public accounting

Rivals

Competitors/colleagues of Jack E. Salmon

N

James Dondero

Founder and CEO of NexPoint Residential Trust

2020 Compensation

Stock

$3.52M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$183.57M

U

Jerry A. Davis

CEO of UDR

2023 Compensation

Stock

$9.13M

Salary

$950.00K

Bonus

$0.00

Other

$199.43K

Total Holdings

$7.02M

C

D. Keith Oden

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.81M

Other

$3.00K

Total Holdings

$61.19M

C

Richard J. Campo

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.82M

Other

$3.00K

Total Holdings

$36.67M

E

Angela L. Kleiman

CEO of Essex Property Trust

2023 Compensation

Stock

$1.10M

Salary

$862.50K

Bonus

$2.17M

Other

$47.82K

Total Holdings

$7.69M

A

Timothy J. Naughton

CEO of AvalonBay Communities

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$560.45K

Total Holdings

$36.54M

Holdings

See how much did Jack E. Salmon make over time.

At Independence Realty Trust (IRT), Jack E. Salmon was a key figure until February 2013. During his time, he did not own stock options or any vested shares, resulting in $0 compensation, as the company opted not to provide cash...

At Independence Realty Trust (IRT), Jack E. Salmon was a key figure until February 2013. During his time, he did not own stock options or any vested shares, resulting in $0 compensation, as the company opted not to provide cash bonuses or stock for that year. This showed a commitment to long-term equity alignment rather than short-term payouts. He played a major role in overseeing company growth. His leadership focused on strategic acquisitions, helping to expand the company’s portfolio significantly. Though his direct holdings were not substantial in market terms, his influence was notable in shaping the company's future direction.

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Insider Trading

See recent insider trades of Jack E. Salmon.

No insider trades found for this CEO.

Compensation History

See how much did Jack E. Salmon make over time.

In 2013, Jack E. Salmon's total compensation at Independence Realty Trust was notably $0. This not only reflects his unique position in the organization but also the broader approach taken by the company, which chose not to provide cash bonuses or stock awards to its executives that year. The rationale was clear: the organization aimed to align more with long-term equity performance rather than short-term incentives. This approach emphasizes a rather modern philosophy in corporate governance, pushing for sustained growth over immediate financial rewards. Salmon's resignation shortly after this period also emphasizes how quickly executive landscapes can change, particularly in the real estate sector where market factors heavily influence leadership roles.

Year

2013

Total Compensation

$0.00

Salary

$0.00

Board Justification

The company does not provide cash compensation or bonuses to named executives, focusing instead on aligning interests through equity awards, which were not granted in 2013.

Bonus

$0.00

Board Justification

No cash bonuses were provided to named executives in 2013.

Other

$0.00

Board Justification

No other compensation was provided to named executives in 2013.

Restricted Stock

$0.00(0 common stock)

Board Justification

No stock awards were granted or vested to named executives in 2013.

Performance Metrics

No performance metrics were applicable as no compensation was provided.

Other Independence Realty Trust CEOs

Here are other CEOs of Independence Realty Trust

Scott F. Schaeffer

CEO of Independence Realty Trust

February 2013 - Present