Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses HT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named HT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Hasu Shah | $275,000 | $0 | $495,222 | $0 | $0 | $0 | $4,196 | $774,418 |
| Chairman of the Board of Trustees | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Hasu Shah | $774,418 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Hasu P. Shah | — | 2022-05-06 | — | — | 154,000 | — | $191,655 |
| Jay H. Shah | PSU | 2022-05-06 | 590,400 | 682,650 | — | 774,900 | 696,445 |
| Hasu P. Shah | PSU | 2022-05-06 | — | 173,250 | — | 210,600 | 303,567 |
| Jay H. Shah | — | 2022-05-06 | — | — | — | — | 2,102,353 |
| Ashish R. Parikh | — | 2022-05-06 | — | — | — | — | 1,411,894 |
| Ashish R. Parikh | PSU | 2022-05-06 | 301,950 | 356,850 | — | 411,750 | 369,965 |
| Michael R. Gillespie | PSU | 2022-05-06 | 57,600 | 98,550 | — | 123,300 | 110,563 |
| Neil H. Shah | — | 2022-05-06 | — | — | — | — | 2,051,076 |
| Michael R. Gillespie | — | 2022-05-06 | — | — | — | — | 649,867 |
| Neil H. Shah | PSU | 2022-05-06 | 576,000 | 666,000 | — | 756,000 | 679,459 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Hasu P. Shah | $0 | $303,567 | $0 | 100.0% |
| Jay H. Shah | 0 | 696,445 | 0 | 100.0% |
| Ashish R. Parikh | 0 | 369,965 | 0 | 100.0% |
| Michael R. Gillespie | 0 | 110,563 | 0 | 100.0% |
| Neil H. Shah | 0 | 679,459 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2022 | 2022-05-26 | 13,437,730 | 7,767,077 | 42,701 | 63.37% | Passed |
| 2021 | 2021-05-27 | 22,005,541 | 1,587,291 | 60,425 | 93.27% | Passed |
| 2020 | 2020-05-28 | 24,496,066 | 1,980,913 | 76,106 | 92.52% | Passed |
| 2019 | 2019-05-30 | 30,659,476 | 1,785,336 | 70,411 | 94.5% | Passed |
| 2018 | 2018-06-01 | 18,221,536 | 11,841,949 | 66,390 | 60.61% | Passed |
| 2017 | 2017-06-01 | 35,221,712 | 740,872 | 67,738 | 97.94% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2022 | 2022-05-26 | 63.37%a |
| 2021 | 2021-05-27 | 93.27%b |
| 2020 | 2020-05-28 | 92.52%c |
a. Approved under the standard stated in the filing — “For the proposal to approve, on an advisory basis, the compensation of the Company's named executive officers and for the proposal to ratify the appointment of KPMG as the Company's independent auditors for the fiscal year ending December 31, 2022, you may vote "for," "against" or "abstain." For purposes of the election of trustees, the advisory vote on the compensation of the Company's NEOs and the ratification of the appointment of the auditors votes, abstentions and broker non-votes, if any, will not be counted as votes cast and will have no effect on the result of the vote.”.
b. Approved under the standard stated in the filing — “For the proposal to approve, on an advisory basis, the compensation of the Company's named executive officers, the proposal to approve an amendment to the Hersha Hospitality Trust 2012 Equity Incentive Plan, and for the proposal to ratify the appointment of KPMG as the Company's independent auditors for the fiscal year ending December 31, 2021, you may vote "for," "against" or "abstain." For purposes of the election of trustees, the advisory vote on the compensation of the Company's NEOs and the ratification of the appointment of the auditors votes, abstentions and broker non-votes, if any, will not be counted as votes cast and will have no effect on the result of the vote.”.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 26 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Thomas J. Hutchison IIIIndependent · Compensation (Chair) · Acquisition · Audit · Risk & ESG Sub-Committee | $39,393 | $308,362 | $0 | $0 | $0 | $347,755 |
| Jackson HsiehIndependent · Acquisition · Audit · Compensation · Nominating/Governance | 39,393 | 280,889 | 0 | 0 | 0 | 320,282 |
| Donald J. LandryIndependent · Lead Independent Director · Acquisition (Chair) · Audit · Risk & ESG Sub-Committee · Nominating/Governance | 78,393 | 229,387 | 0 | 0 | 0 | 307,780 |
| John M. SabinIndependent · Audit (Chair) · Acquisition · Compensation · Nominating/Governance | 156,501 | 128,272 | 0 | 0 | 0 | 284,773 |
| Michael A. LevenIndependent · Nominating/Governance (Chair) · Acquisition · Compensation | 80,697 | 178,829 | 0 | 0 | 0 | 259,526 |
| Dianna F. MorganIndependent · Risk & ESG Sub-Committee (Chair) · Audit · Compensation · Nominating/Governance | 118,001 | 128,272 | 0 | 0 | 0 | 246,273 |
| Jay H. ShahEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Neil H. ShahEmployee director · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $65,000 |
|---|---|
| Annual equity retainer | $90,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 20,000 / 15,000 |
| Stock ownership guideline | 5x annual retainer ($325,000) |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $512,378 |
| Equity awards (grant-date value) | $1,254,011 |
| All other compensation | $0 |
| Total cost of the board | $1,766,389 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Hersha Hospitality Trust names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Hersha Hospitality Trust.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | RLJ Lodging Trust | 2025 | Leslie Hale | $882,000 | $6,900,250 | $0 | $1,622,116 | $9,460,014 |
| 2 | Xenia Hotels & Resorts, Inc. | 2025 | Marcel Verbaas | 900,000 | 4,264,490 | 0 | 1,863,138 | 7,048,188 |
| 3 | Pebblebrook Hotel Trust | 2025 | Jon Bortz | 840,000 | 3,592,193 | 0 | 2,085,000 | 6,589,254 |
| 4 | DiamondRock Hospitality Company | 2025 | Jeffrey Donnelly | 750,000 | 4,086,877 | 0 | 1,582,281 | 6,433,158 |
| 5 | Summit Hotel Properties, Inc. | 2025 | Jonathan Stanner | 800,000 | 3,747,700 | 0 | 900,000 | 5,461,700 |
| 6 | Chatham Lodging Trust | 2025 | Jeffrey Fisher | 670,000 | 2,854,168 | 0 | 1,082,000 | 5,222,872 |
| 7 | Apple Hospitality REIT, Inc. | 2025 | Justin Knight | 660,591 | 3,800,578 | 0 | 419,062 | 5,075,148 |
| 8 | Sunstone Hotel Investors, Inc. | 2025 | Bryan Giglia | 700,000 | 2,755,993 | 0 | 948,281 | 4,516,098 |
| 9 | Hersha Hospitality Trust | 2023 | Hasu Shah | 275,000 | 495,222 | 0 | 0 | 774,418 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Hersha Hospitality Trust | 120% | LTIP Units 100 | No | FPC |
| Apple Hospitality REIT, Inc. | 49.4% | RSU 75 · Cash LTI 25 | No | FPC |
| Chatham Lodging Trust | 92% | LTIP Units 100 | Yes — Relative TSR vs. Lodging/Resort REIT constituents of the FTSE Nareit All REITs Index | Ferguson Partners Consulting L.P. |
| DiamondRock Hospitality Company | 141% | PSU 60 · RSU 40 | No | Frederic W. Cook & Co., Inc. |
| Pebblebrook Hotel Trust | 150% | PSU 60 · LTIP Units 40 | Yes — Relative TSR | not disclosed |
| RLJ Lodging Trust | 105.1% | RSU 50 · PSU 50 | Yes — Relative TSR | Ferguson Partners |
| Summit Hotel Properties, Inc. | 75% | PSU 60 · RSU 40 | No | FW Cook |
| Sunstone Hotel Investors, Inc. | not disclosed | PSU 75 · RSU 25 | Yes — Relative Total Stockholder Return (RTSR) vs FTSE Nareit Lodging/Resorts Index (over $500 Million Market Cap) | Ferguson Partners Consulting (FPC) |
| Xenia Hotels & Resorts, Inc. | 207% | LTIP Units 100 | Yes — Absolute TSR | FPC |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Hasu Shah | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Summary Compensation Table for 2022”. As printed: 774,418. Filing ↗machine: t37 · r3 · c21 · span 672198–672205 |
| 2 | Section 03, Hasu P. Shah | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r7 · c20 · span 744343–744350 |
| 3 | Section 03, Jay H. Shah PSU | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r11 · c20 · span 754897–754904 |
| 4 | Section 03, Hasu P. Shah PSU | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards Table for 2022” · grants of plan-based awards table. Filing ↗machine: t38 · r5 · c20 · span 738717–738724 |
| 5 | Section 03, Jay H. Shah | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards Table for 2022” · grants of plan-based awards table. Filing ↗machine: t38 · r10 · c18 · span 752194–752203 |
| 6 | Section 03, Ashish R. Parikh | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards Table for 2022” · grants of plan-based awards table. Filing ↗machine: t38 · r20 · c20 · span 778714–778723 |
| 7 | Section 03, Ashish R. Parikh PSU | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r21 · c18 · span 781201–781208 |
| 8 | Section 03, Michael R. Gillespie PSU | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r26 · c20 · span 794343–794350 |
| 9 | Section 03, Neil H. Shah | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards Table for 2022” · grants of plan-based awards table. Filing ↗machine: t38 · r15 · c18 · span 765452–765461 |
| 10 | Section 03, Michael R. Gillespie | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards Table for 2022” · grants of plan-based awards table. Filing ↗machine: t38 · r25 · c21 · span 791644–791651 |
| 11 | Section 03, Neil H. Shah PSU | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t38 · r16 · c18 · span 767939–767946 |
| 12 | Section 07, pay ratio | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “CEO Pay Ratio”. As printed: 26 : 1. Filing ↗machine: span 983229–983231 |
| 13 | Section 08, Thomas J. Hutchison III | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 347,755. Filing ↗machine: t20 · r4 · c8 · span 328197–328204 |
| 14 | Section 08, Jackson Hsieh | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 320,282. Filing ↗machine: t20 · r3 · c8 · span 326922–326929 |
| 15 | Section 08, Donald J. Landry | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 307,780. Filing ↗machine: t20 · r5 · c8 · span 329665–329672 |
| 16 | Section 08, John M. Sabin | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 284,773. Filing ↗machine: t20 · r8 · c8 · span 333793–333800 |
| 17 | Section 08, Michael A. Leven | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 259,526. Filing ↗machine: t20 · r6 · c8 · span 330933–330940 |
| 18 | Section 08, Dianna F. Morgan | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 246,273. Filing ↗machine: t20 · r7 · c8 · span 332402–332409 |
| 19 | Section 08, Jay H. Shah | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 20 | Section 08, Neil H. Shah | DEF 14A | 2023-04-13 | 0001063344-23-000048 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 21 | Section 06, 2022 vote | Form 8-K | 2022-05-27 | 0001063344-22-000065 | Item 5.07 · say-on-pay result. As reported: 63.37%. Filing ↗ |
| 22 | Section 06, 2021 vote | Form 8-K | 2021-06-01 | 0001063344-21-000066 | Item 5.07 · say-on-pay result. As reported: 93.27%. Filing ↗ |
| 23 | Section 06, 2020 vote | Form 8-K | 2020-05-28 | 0001063344-20-000161 | Item 5.07 · say-on-pay result. As reported: 92.52%. Filing ↗ |
| 24 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 25 | Section 09b board cost (computed) | Computed | — | computed | Cash 512,378 + equity 1,254,011 + all other 0 = 1,766,389, summed across the director compensation table rows.machine: formula: Σ = 1,766,389 |
| 26 | RLJ Lodging Trust, Section 10b CEO total | DEF 14A | 2026-03-23 | 0001104659-26-033293 | CEO total compensation as printed in RLJ Lodging Trust's own proxy. As printed: 9,460,014. Filing ↗machine: t103 · r4 · c36 · span 1609030–1609039 |
| 27 | Xenia Hotels & Resorts, Inc., Section 10b CEO total | DEF 14A | 2026-03-31 | 0001628280-26-022425 | CEO total compensation as printed in Xenia Hotels & Resorts, Inc.'s own proxy. As printed: 7,048,188. Filing ↗machine: span 682839–682848 |
| 28 | Pebblebrook Hotel Trust, Section 10b CEO total | DEF 14A | 2026-04-17 | 0001474098-26-000030 | CEO total compensation as printed in Pebblebrook Hotel Trust's own proxy. As printed: 6,589,254. Filing ↗machine: t79 · r2 · c12 · span 636311–636320 |
| 29 | DiamondRock Hospitality Company, Section 10b CEO total | DEF 14A | 2026-03-16 | 0001298946-26-000019 | CEO total compensation as printed in DiamondRock Hospitality Company's own proxy. As printed: 6,433,158. Filing ↗machine: r3 · c21 · span 748955–748964 |
| 30 | Summit Hotel Properties, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001497645-26-000031 | CEO total compensation as printed in Summit Hotel Properties, Inc.'s own proxy. As printed: 5,461,700. Filing ↗machine: r2 · c36 · span 470625–470634 |
| 31 | Chatham Lodging Trust, Section 10b CEO total | DEF 14A | 2026-03-31 | 0001437749-26-010650 | CEO total compensation as printed in Chatham Lodging Trust's own proxy. As printed: 5,222,872. Filing ↗machine: span 588604–588614 |
| 32 | Apple Hospitality REIT, Inc., Section 10b CEO total | DEF 14A | 2026-04-02 | 0001193125-26-140145 | CEO total compensation as printed in Apple Hospitality REIT, Inc.'s own proxy. As printed: 5,075,148. Filing ↗machine: t94 · r2 · c19 · span 1074682–1074691 |
| 33 | Sunstone Hotel Investors, Inc., Section 10b CEO total | DEF 14A | 2026-03-18 | 0001104659-26-031060 | CEO total compensation as printed in Sunstone Hotel Investors, Inc.'s own proxy. As printed: 4,516,098. Filing ↗machine: t176 · r5 · c12 · span 1215367–1215376 |
| 34 | Hersha Hospitality Trust (subject), Section 10b CEO total | DEF 14A | 2023-04-13 | 0001063344-23-000048 | CEO total compensation as printed in Hersha Hospitality Trust's own proxy. As printed: 774,418. Filing ↗machine: t37 · r3 · c21 · span 672198–672205 |
| 35 | Section 10a, Pebblebrook Hotel Trust reciprocity | DEF 14A | — | 0001474098-26-000030 | Pebblebrook Hotel Trust's most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |
| 36 | Section 10a, DiamondRock Hospitality Company reciprocity | DEF 14A | — | 0001298946-26-000019 | DiamondRock Hospitality Company's most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |
| 37 | Section 10a, Chatham Lodging Trust reciprocity | DEF 14A | — | 0001437749-26-010650 | Chatham Lodging Trust's most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |
| 38 | Section 10a, Apple Hospitality REIT, Inc. reciprocity | DEF 14A | — | 0001193125-26-140145 | Apple Hospitality REIT, Inc.'s most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |
| 39 | Section 10a, Sunstone Hotel Investors, Inc. reciprocity | DEF 14A | — | 0001104659-26-031060 | Sunstone Hotel Investors, Inc. names Hersha Hospitality Trust in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 40 | Section 10a, RLJ Lodging Trust reciprocity | DEF 14A | — | 0001104659-26-033293 | RLJ Lodging Trust's most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |
| 41 | Section 10a, Summit Hotel Properties, Inc. reciprocity | DEF 14A | — | 0001497645-26-000031 | Summit Hotel Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |
| 42 | Section 10a, Xenia Hotels & Resorts, Inc. reciprocity | DEF 14A | — | 0001628280-26-022425 | Xenia Hotels & Resorts, Inc.'s most recent proxy was read; its disclosed peer group does not include Hersha Hospitality Trust. Filing ↗ |