HUNT VALLEY, MD — Omega Healthcare Investors Inc. paid Chief Executive Officer Taylor Pickett $6.7 million in compensation in 2016, up from $6 million in 2015, according to a filing with the Securities and Exchange Commission.
Pickett, 55, has led Omega since 2001.
His 2016 bonus of $1.4 million increased by 25.3 percent from last year. His total cash bonus for the year includes his bonus of $360,000 and his non-equity incentive plan compensation of $1.1 million, which increased 33.3 percent from the previous year.
Pickett was given stock awards of $4.5 million, up 8.5 percent from 2015. He made $2.5 million in vested stock awards based on the Dec. 31 closing price of $31.
Shares of Omega were trading flat Tuesday afternoon around $34 a share.
In February, Omega reported an earnings increase that exceeded analyst expectations of 48 cents per share by 31.3 percent.
The real estate investor’s fourth-quarter earnings reached $129.9 million, or 63 cents per share, a 104 percent increase from the same quarter one year prior.
The company’s funds from operations, a measure of income typical of REITs, reached $171.5 million, or $84 cents. That increased 34.6 percent from last year.
Yearly earnings were $383.4 million, or $1.90 per share, up 64.3 percent from last year.
Hunt Valley, Maryland-based Omega is a real estate investment firm that invests predominantly in nursing homes.
This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism