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...

Current Market Cap

$19.38B

Number of Employees

1.75K

Total Compensation

2019 - 2023

Trending up by 59.92% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 204.67% last year

Bonus

Down by -100.00% last year

Other

Down by -100.00% last year

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