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Life Storage Management
Management criteria checks 3/4
Life Storage's CEO is Joe Saffire, appointed in Mar 2019, he has a tenure of 4.33 years. His total yearly compensation is $5.72M , comprised of 12.9% salary and 87.1% bonuses, including company stock and options. He directly owns 0.099% of the company’s shares, worth €10.21M. The average tenure of the management team and the board of directors is 12.5 years and 5.3 years respectively.
Key information
Joe Saffire
Chief executive officer
US$5.7m
Total compensation
| CEO salary percentage | 12.9% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 12.5yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | US$366m |
| Dec 31 2022 | US$6m | US$740k | US$358m |
| Sep 30 2022 | n/a | n/a | US$338m |
| Jun 30 2022 | n/a | n/a | US$310m |
| Mar 31 2022 | n/a | n/a | US$276m |
| Dec 31 2021 | US$5m | US$680k | US$249m |
| Sep 30 2021 | n/a | n/a | US$217m |
| Jun 30 2021 | n/a | n/a | US$184m |
| Mar 31 2021 | n/a | n/a | US$163m |
| Dec 31 2020 | US$4m | US$600k | US$152m |
| Sep 30 2020 | n/a | n/a | US$154m |
| Jun 30 2020 | n/a | n/a | US$256m |
| Mar 31 2020 | n/a | n/a | US$261m |
| Dec 31 2019 | US$4m | US$509k | US$259m |
| Sep 30 2019 | n/a | n/a | US$307m |
| Jun 30 2019 | n/a | n/a | US$209m |
| Mar 31 2019 | n/a | n/a | US$207m |
| Dec 31 2018 | US$2m | US$342k | US$207m |
| Sep 30 2018 | n/a | n/a | US$135m |
| Jun 30 2018 | n/a | n/a | US$130m |
| Mar 31 2018 | n/a | n/a | US$110m |
| Dec 31 2017 | US$433k | US$55k | US$96m |
Compensation vs Market: Joe's total compensation ($USD5.72M) is above average for companies of similar size in the German market ($USD4.25M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
CEO
Joe Saffire (53 yo)
4.3yrs
Tenure
US$5,722,466
Compensation
Mr. Joseph V. Saffire, also known as Joe, has been Director and Chief Executive Officer at Life Storage, Inc. since March 14, 2019, and March 1, 2019 respectively. Mr. Saffire was Chief Investment Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.3yrs | US$5.72m | 0.099% $ 10.2m | |
| COO, CFO & Secretary | 1.5yrs | US$1.59m | 0.024% $ 2.5m | |
| Manager of Investor Relations | no data | no data | no data | |
| Senior Vice President of Human Resources & Corporate Communications | 3.5yrs | no data | no data | |
| Vice President of Business Development | 30.5yrs | no data | no data | |
| Vice President of Marketing | 7.6yrs | no data | no data | |
| Senior Vice President of Real Estate | 1.5yrs | no data | no data | |
| Regional Vice President | 19.5yrs | no data | no data | |
| Vice President of Revenue Management | 13.5yrs | no data | no data | |
| Vice President of Information Technology | 23.5yrs | no data | no data | |
| Regional Vice President | 12.5yrs | no data | no data | |
| Vice President of Finance | 18.5yrs | no data | no data |
12.5yrs
Average Tenure
49yo
Average Age
Experienced Management: SOV's management team is seasoned and experienced (12.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.3yrs | US$5.72m | 0.099% $ 10.2m | |
| Independent Non-Executive Chairman | 8.5yrs | US$306.50k | 0.028% $ 2.9m | |
| Director | 5.3yrs | US$209.00k | 0.17% $ 17.4m | |
| Independent Director | 5.3yrs | US$226.82k | 0.0045% $ 464.8k | |
| Independent Director | 5.3yrs | US$234.32k | 0.027% $ 2.8m | |
| Independent Director | 11.2yrs | US$241.50k | 0.021% $ 2.2m | |
| Independent Director | 2.4yrs | US$226.50k | 0.0037% $ 386.1k | |
| Independent Director | 8.5yrs | US$236.79k | 0.018% $ 1.9m |
5.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: SOV's board of directors are considered experienced (5.3 years average tenure).