Michael J. Schall has been at the helm of Essex Property Trust, Inc. since 2011, guiding the company through significant changes in the real estate market. With a B.S. from the University of San Francisco, Schall has deep roots in...

Number of Employees

1.75K

Year

2023

Total Compensation

$5.57M

Salary

$2.74M

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and shareholder interests, emphasizing performance-based pay.

Bonus

$0.00

Board Justification

No annual cash bonuses were granted in 2023 due to the transition of CEO responsibilities.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonuses, stock, and options.

Restricted Stock

$2.83M(12.59K RSU)

Board Justification

The stock awards that vested in 2023 were based on performance metrics achieved during the year.

Performance Metrics

Performance metrics for 2023 included achieving corporate goals related to revenue and net operating income growth.

SEC Filing

From March 28, 2024

Michael J. Schall

Ex-CEO of Essex Property Trust

MJ

Education

B.S. from the University of San Francisco

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1969 - 56 years ago

Is Founder?

No

Tenure

12 years 2 months (Jan 2011 - Mar 2023)

Previous Experience

Senior Executive Vice President and Chief Operating Officer of Essex Property Trust, Inc.