Sundar PichaiSundar Pichai earned $164M in 2023
H

Theodore J. Klinck

CEO of Highwoods Properties

Education

Not specified

Field of Expertise

Real Estate & Construction - Real Estate

Born

January 1, 1966 - 59 years ago

Economy Sector

Real Estate

Current Tenure

5 years 5 months (Sep 2019 - Present)

Previous Experience

President since November 2018; Chief Operating Officer since September 2015; previously Senior Vice President and Chief Investment Officer at Highwoods and managing director at Morgan Stanley Real Estate.

Theodore J. Klinck is the Chief Executive Officer of Highwoods Properties Inc. since September 1, 2019. He has a strong background in real estate, with previous roles including President and Chief Operating Officer of the company before his promotion to...

Year

2023

Total Compensation

$3.28M

Salary

$757.50K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and peer benchmarking, focusing on retention and attracting high-quality professionals.

Bonus

$1.22M

Board Justification

The annual non-equity incentive compensation based on performance metrics achieved in 2023, with a target annual incentive percentage of 140%.

Other

$191.46K

Board Justification

Includes 401(k) match, dividends on restricted stock, financial consulting services, and vehicle allowance.

Restricted Stock

$1.12M(42.14K time-based restricted stock)

Board Justification

The time-based restricted stock that vested in 2023, with a total value realized of $1,116,604.

Performance Metrics

Performance metrics for the annual non-equity incentive program included FFO per share, net operating income growth, and average occupancy.