Hersha Hospitality Trust Management

Management criteria checks 3/4

Hersha Hospitality Trust's CEO is Neil Shah, appointed in Jan 2006, has a tenure of 17.83 years. total yearly compensation is $4.29M, comprised of 18.6% salary and 81.4% bonuses, including company stock and options. directly owns 6.97% of the company’s shares, worth $33.66M. The average tenure of the management team and the board of directors is 17.8 years and 14.4 years respectively.

Key information

Neil Shah

Chief executive officer

US$4.3m

Total compensation

CEO salary percentage	18.6%
CEO tenure	17.8yrs
CEO ownership	7.0%
Management average tenure	17.8yrs
Board average tenure	14.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Neil Shah's remuneration changed compared to Hersha Hospitality Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$8m
Jun 30 2023	n/a	n/a	US$128m
Mar 31 2023	n/a	n/a	US$129m
Dec 31 2022	US$4m	US$800k	US$121m
Sep 30 2022	n/a	n/a	US$77m
Jun 30 2022	n/a	n/a	-US$57m
Mar 31 2022	n/a	n/a	-US$88m
Dec 31 2021	US$5m	US$775k	-US$63m
Sep 30 2021	n/a	n/a	-US$89m
Jun 30 2021	n/a	n/a	-US$120m
Mar 31 2021	n/a	n/a	-US$159m
Dec 31 2020	US$3m	US$452k	-US$189m
Sep 30 2020	n/a	n/a	-US$155m
Jun 30 2020	n/a	n/a	-US$112m
Mar 31 2020	n/a	n/a	-US$45m
Dec 31 2019	US$3m	US$775k	-US$29m
Sep 30 2019	n/a	n/a	-US$23m
Jun 30 2019	n/a	n/a	-US$21m
Mar 31 2019	n/a	n/a	-US$14m
Dec 31 2018	US$5m	US$750k	-US$15m
Sep 30 2018	n/a	n/a	-US$26m
Jun 30 2018	n/a	n/a	-US$25m
Mar 31 2018	n/a	n/a	US$42m
Dec 31 2017	US$5m	US$725k	US$75m
Sep 30 2017	n/a	n/a	US$91m
Jun 30 2017	n/a	n/a	US$97m
Mar 31 2017	n/a	n/a	US$125m
Dec 31 2016	US$3m	US$706k	US$95m

Compensation vs Market: Neil's total compensation ($USD4.29M) is above average for companies of similar size in the US market ($USD2.23M).

Compensation vs Earnings: Neil's compensation has been consistent with company performance over the past year.

CEO

Neil Shah (49 yo)

17.8yrs

Tenure

US$4,294,751

Compensation

Mr. Neil H. Shah serves as Chief Executive Officer and Director of Hersha Hospitality Trust since January 1, 2023. Mr. Shah has been President of Hersha Hospitality Trust since January 1, 2006. He was Chie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jay Shah	Executive Chairman of Board	17.8yrs	US$4.38m	7.18% $ 34.7m
Neil Shah	President	17.8yrs	US$4.29m	6.97% $ 33.7m
Ashish Parikh	CFO, Executive VP & Assistant Secretary	24.8yrs	US$2.82m	0.75% $ 3.6m
Michael Gillespie	Chief Accounting Officer	18.4yrs	US$1.26m	0% $ 0
Andrew Tamaccio	Director of Finance & Investor Relation	no data	no data	no data
Stephanie Galli	Senior Vice President & General Counsel	no data	no data	no data
William Walsh	Senior Vice President of Asset Management	less than a year	no data	no data
Chris Doyle	Senior Vice President of Asset Management	less than a year	no data	no data
Chas Hyatt	Senior Vice President of Acquisitions & Development	less than a year	no data	no data
David Desfor	Treasurer & Corporate Secretary	20.9yrs	no data	0.014% $ 68.3k
Bharat Mehta	Executive Officer	no data	no data	no data
Melissa Hauser	Director of Acquisitions and Director of Asset Management	18.8yrs	no data	no data

17.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: HT.PRC's management team is seasoned and experienced (17.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jay Shah	Executive Chairman of Board	17.8yrs	US$4.38m	7.18% $ 34.7m
Neil Shah	President	less than a year	US$4.29m	6.97% $ 33.7m
Michael Leven	Independent Trustee	11.5yrs	US$259.53k	0.37% $ 1.8m
Donald Landry	Lead Independent Trustee	22.6yrs	US$307.78k	0.48% $ 2.3m
Hasu Shah	Chairman Emeritus	no data	US$774.42k	1.77% $ 8.6m
Dianna Morgan	Independent Trustee	13.6yrs	US$246.27k	0.29% $ 1.4m
Thomas Hutchison	Independent Trustee	15.2yrs	US$347.76k	0.48% $ 2.3m
Jackson Hsieh	Independent Trustee	6.4yrs	US$320.28k	0.39% $ 1.9m
John Sabin	Independent Trustee	20.4yrs	US$284.77k	0.31% $ 1.5m

14.4yrs

Average Tenure

71yo

Average Age

Experienced Board: HT.PRC's board of directors are seasoned and experienced ( 14.4 years average tenure).

Hersha Hospitality Trust Management

Management criteria checks 3/4

Key information

Recent management updates

Hersha Hospitality Trust Announces CEO Changes, Effective January 1, 2023

Hersha Hospitality Trust, Annual General Meeting, May 26, 2022

Recent updates

Hersha Hospitality Trust(NYSE:HT) dropped from S&P TMI Index

Hersha Hospitality Trust Requests NYSE to Delist Common Shares

Hersha Hospitality Trust Approves Cash Dividend on Common Share and Limited Partnership Unit for the Quarter Ending September 30, 2023, Payable October 16, 2023

Affiliates of KSL Advisors, LLC entered into definitive merger agreement to acquire Hersha Hospitality Trust (NYSE:HT) from shareholders for approximately $1.4 billion.

Affiliates of KSL Advisors, LLC entered into definitive merger agreement to acquire Hersha Hospitality Trust (NYSE:HT) from shareholders for approximately $1.4 billion.

Hersha Hospitality Trust Provides Earnings Guidance for the Third Quarter of 2023

Hersha Hospitality Trust(NYSE:HT) dropped from Russell Small Cap Comp Growth Index

Hersha Hospitality Trust to Report Q2, 2023 Results on Aug 02, 2023

Hersha Hospitality Trust Provides Earnings Guidance for the First Quarter of 2023

An unknown buyer acquired Courtyard Boston South Boston from Hersha Hospitality Trust (NYSE:HT).

Hersha Hospitality Trust to Report Q4, 2022 Results on Feb 15, 2023

Hersha Hospitality Trust Announces Special Dividend, Payable on January 18, 2023

Hersha Hospitality Trust Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022

An unknown buyer completed the acquisition of Pan Pacific Seattle from Hersha Hospitality Trust (NYSE:HT).

Hersha Hospitality Trust Announces CEO Changes, Effective January 1, 2023

Hersha Hospitality Trust Announces Quarterly Cash Dividend for the Third Quarter Ending September 30, 2022, Payable on October 17, 2022

An unknown buyer entered into definitive agreement to acquire Hotel Milo Santa Barbara and Pan Pacific Seattle from Hersha Hospitality Trust (NYSE:HT) for approximately $130 million.

An unknown buyer entered into definitive agreement to acquire Pan Pacific Seattle from Hersha Hospitality Trust (NYSE:HT).

Hersha Hospitality Trust to Report Q3, 2022 Results on Oct 26, 2022

Hersha Hospitality Trust to Report Q2, 2022 Results on Aug 03, 2022

Hersha Hospitality Trust, Annual General Meeting, May 26, 2022

Hersha Hospitality Trust to Report Q1, 2022 Results on Apr 27, 2022

Hersha Hospitality Trust announced delayed annual 10-K filing

Hersha Hospitality Trust to Report Q1, 2021 Results on Apr 28, 2021

An unknown buyer completed the acquisition of Capitol Hill Hotel and Holiday Inn Express Cambridge from Hersha Hospitality Trust (NYSE:HT).

Hersha Hospitality Trust to Report Q4, 2020 Results on Feb 23, 2021

An unknown buyer entered into a binding sales agreement to acquire Courtyard by Marriott San Diego Downtown from Hersha Hospitality Trust (NYSE:HT) for $64.5 million.

An unknown buyer agreed to acquire Sheraton Wilmington South Hotel from Hersha Hospitality Trust (NYSE:HT) for $19.5 million.

Hersha Hospitality Trust to Report Q3, 2020 Results on Nov 09, 2020

Hersha Hospitality Trust Suspends Full-Year 2020 Guidance

Hersha Hospitality Trust to Report Q2, 2020 Results on Aug 05, 2020

Hersha Hospitality Trust(NYSE:HT) dropped from Russell 2000 Value-Defensive Index

Hersha Hospitality Trust(NYSE:HT) dropped from Russell 2000 Defensive Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age