Sundar PichaiSundar Pichai earned $164M in 2023

Steven Roth is the CEO of Vornado Realty Trust, where he has been leading operations since 2013. Before this role, he served in a similar position for the company from 2009 until 2013. His leadership has seen the company navigate...

Quick Links
V

Steven Roth

CEO of Vornado Realty

Education

N/A

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

March 1, 1942 - 83 years ago

CEO of Vornado Realty for

11 years 11 months (Apr 2013 - Present)

Previous Experience

Unknown

Holdings

See how much did Steven Roth make over time.

As of late 2023, Steven Roth’s wealth mainly comes from his involvement with Vornado Realty Trust. His significant commitment to the company shows in his holdings, although specific figures on his stock ownership weren’t detailed. His financial influence peaked during...

Insider Trading

See recent insider trades of Steven Roth.

No insider trades found for this CEO.

Compensation History

See how much did Steven Roth make over time.

In 2023, Steven Roth received a total compensation of $3,490,000 from Vornado Realty Trust, which included a $1,000,000 salary and a strong performance-based bonus of $2,900,000. His approach to compensation reflects a pay-for-performance philosophy. This means that his financial rewards are closely linked to the company’s operational success and metrics like Funds from Operations (FFO) and leasing performance. Over the years, his compensation has fluctuated, with a notable peak in 2021 at over $4.8 million, owing to equity awards and other performance incentives. This model not only incentivizes his leadership but also aligns his interests with those of the shareholders, making a clear case for accountability in executive roles.

Year

2023

Total Compensation

$4.24M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with long-term shareholder value through a mix of salary, bonuses, and equity incentives.

Bonus

$2.90M

Board Justification

Annual incentive awards based on performance metrics including FFO, leasing performance, and operational achievements for 2023, with a total pool of $7.5 million allocated to senior executives.

Other

$343.95K

Board Justification

Other compensation includes transportation, supplemental life insurance premiums, and matching 401(k) contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus was on performance-based equity awards and the new Development Fee Pool.

Performance Metrics

Key performance metrics include FFO, leasing performance, operational achievements, and ESG goals.