Lance K. Parker is the President and CEO of Alexander & Baldwin, Inc., a major player in real estate in Hawaii since July 1, 2023. He brings a solid background in business management, having graduated with a degree in business...

Number of Employees

104

Year

2023

Total Compensation

$1.04M

Salary

$675.00K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with shareholder interests and company performance metrics.

Bonus

$283.71K

Board Justification

The bonus is based on performance metrics under the Performance Improvement Incentive Plan (PIIP) and Annual Incentive Plan (AIP) for the fiscal year 2023.

Other

$85.15K

Board Justification

This includes contributions to the A&B Individual Deferred Compensation and Profit Sharing Plan and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on cash compensation and performance-based incentives.

Performance Metrics

The performance metrics for 2023 included Core FFO per diluted share, Same-Store NOI Growth, and individual goals.

SEC Filing

From March 12, 2024

Lance K. Parker

CEO of Alexander & Baldwin

A

Education

Bachelor's degree in business administration from the University of Hawaii

Field of Expertise

Business & Management

Born

January 10, 1978 - 47 years ago

Is Founder?

No

Current Tenure

1 year 6 months (Jul 2023 - Present)

Previous Experience

President and Chief Operating Officer of Alexander & Baldwin, Inc.