Wednesday, July 30, 2014

Landmark Apartment Trust execs get pay hikes

Top executives at Landmark Apartment Trust of America Inc. have fatter paychecks after signing new employment contracts with the Tampa-based REIT. Joseph Lubeck, executive chairman, will get a base salary of $675,000, while Stanley Olander, CEO and chief financial officer, will get a base salary of $625,000, under the employment agreements signed July 21, a filing with the U.S. Securities and Exchange Commission said. That’s a big increase from the $250,000 salary Lubeck received in 2013, when his total compensation was $1.9 million, including a $250,000 bonus and nearly $1.4 million in stock awards, according to the company’s most recent proxy filing. Olander’s total compensation last year was $905,551, including $300,000 in salary, $300,000 in bonus and $300,000 in stock awards, the proxy said. Margie Manning, Tampa Bay Business Journal


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