Cousins' CEO: $1.8 million in pay last year

Larry Gellerstedt, the 55-year-old CEO of Cousins Properties, got a more than a million dollar boost in total pay after his first full year as CEO.

The Atlanta-based real estate investment trust paid Gellerstedt a total of $1.8 million, compared to $677,365 the year before when he was promoted to the top job, according to a proxy filed Friday with the Securities and Exchange Commission.

Gellerstedt's base salary was $500,000 and cash incentive award was $577,500. He received stock and option awards for a combined $718,464.

Cousins owns the 191 Peachtree building and developed the Terminus project, among others, in Atlanta.

Executive pay is based on achieving four objectives: leasing space in owned projects, selling off land and non-core properties, securing management or other fee-based contracts, and pursuing investment and development opportunities.

The company will hold its annual meeting in Atlanta on May 3.

About the Author

Rachel Tobin

Norfolk Southern and Union Pacific shareholders OK merger. Here’s what’s next.

The proposed mega-railroad company would be headquartered in Omaha, Nebraska, sending anxiety through the company's Atlanta ranks, where Norfolk Southern is based.

Design firm chosen to turn Midtown Atlanta eyesore into high-profile park

The look and feel of a planned public park in Atlanta’s largest high-rise district is soon going to take form.

Atlanta area home prices fell in October with steep declines in some places

Metro Atlanta's median sales prices dropped in October as more inventory is on the market.

The Latest

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Credit: Bloomberg via Getty Images

Prosecutor takes helm of Georgia case against Trump. But will he move forward?

A veteran Georgia prosecutor will decide the fate of Fulton County District Attorney Fani Willis' election interference case against Donald Trump and his allies.

With some solar power tax breaks expiring, Georgians rush to catch the sun

Georgia solar installers say they’re seeing a surge of customers trying to install rooftop solar systems before federal tax credits go away at the end of the year.

‘Automatic for the People’: Weaver D’s still bonds Athens as era nears end

After feeding everyone from R.E.M. to Brian Kemp, and coining a phrase that went global, Dexter Weaver is preparing to close his storied Athens soul food restaurant.