Acadia executive’s 2008 compensation to total $2.31 million
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- February
- 5
The top executive at Acadia Realty Trust in White Plains will receive a compensation package for 2008 valued at $2.31 million, according to a filing with the U.S. Securities and Exchange Commission.
Kenneth F. Bernstein, president and chief executive officer, will receive a base salary of $460,000, plus bonus units valued at $774,000 and a long-term incentive award valued at $1.07 million.
Figures for 2007 compensation were not listed in the filing. Bernstein received a compensation package valued at $1.82 million for 2006, according to last year’s proxy statement.
A real estate investment trust, Acadia had profits of $39 million on revenue of $102.7 million in 2006. The 2007 results will be announced on Feb. 13.
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on Tuesday, February 5th, 2008 at 10:58 am by Jerry Gleeson.
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