Lawrence L. Gellerstedt, III has been the CEO of Cousins Properties since July 2009, leading the firm with a focus on real estate development. Under his leadership, the company has enjoyed significant growth and achieved complex goals related to funds...

Current Market Cap

$4.70B

Number of Employees

305

Total Compensation

2009 - 2013

Trending up by 29.31% last year
Showing total compensation for the last 2009 - 2013

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 50.00% last year

Other

Up by 0.00% last year

Year

2013

Total Compensation

$1.75M

Salary

$600.00K

Board Justification

The compensation philosophy aims to attract and retain talented executives while aligning their interests with those of the stockholders through performance-based compensation.

Bonus

$1.13M

Board Justification

Annual cash incentive awards were earned by our NEOs (generally at 150% of target), based on company achievement of performance goals relating to FFO, gross square footage leased, increase in same property net operating income and new investments.

Other

$20.73K

Board Justification

Other compensation includes health, life and disability insurance benefits, and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2013 as the focus was on performance conditioned RSUs and time vested restricted stock, which are not included in the total compensation calculations.

Performance Metrics

Performance metrics included FFO, gross square footage leased, same property net operating income, and new investments.

SEC Filing

From March 21, 2014

Lawrence L. Gellerstedt, III

CEO of Cousins Properties

C

Education

Bachelor's degree from the University of North Carolina

Field of Expertise

Real Estate & Construction - Real Estate

Born

May 1, 1966 - 58 years ago

Is Founder?

No

Current Tenure

15 years 4 months (Jul 2009 - Present)

Previous Experience

President and Chief Operating Officer of Cousins Properties