Sundar PichaiSundar Pichai earned $164M in 2023
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John D. Moragne

CEO of Broadstone Net Lease

Education

B.A. from SUNY Geneseo; J.D. from The George Washington University Law School.

Field of Expertise

Legal & Compliance - Law

Born

January 1, 1983 - 42 years ago

Economy Sector

Real Estate

Current Tenure

2 years 0 months (Feb 2023 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer of Broadstone Net Lease, Inc.

John D. Moragne took over as CEO of Broadstone Net Lease, Inc. on March 1, 2023, after serving as the Executive Vice President and Chief Operating Officer. He has been part of Broadstone since its early days, holding various roles...

Year

2023

Total Compensation

$1.80M

Salary

$575.00K

Board Justification

The compensation program is designed to attract and retain leadership, linking pay to performance and aligning with stockholder interests through a mix of fixed and variable compensation.

Bonus

$1.14M

Board Justification

The annual cash bonus for 2023 was based on achieving objective financial performance goals and certain strategic priorities, with a target bonus of 120% of base salary.

Other

$83.71K

Board Justification

Other compensation includes 401(k) matching contributions, dividends received on unvested restricted shares, health savings account contributions, and a mobile phone stipend.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023 as the performance-based restricted stock units are subject to a three-year performance period ending February 28, 2026.

Performance Metrics

The performance metrics for 2023 included Adjusted Funds From Operations (AFFO) per share, net debt to annualized adjusted EBITDAre, and economic occupancy.