AvalonBay CEO Gets $6 Million In 2008 Compensation

ALEXANDRIA, Va. (AP) — The chief executive and chairman of AvalonBay Communities Inc. received compensation the company valued at just over $6 million in 2008, with much of that coming in grants of stock options and restricted stock, according to an Associated Press analysis of data filed with regulators.

Bryce Blair received a salary of $816,060 and a performance-based bonus of $991,003, according to documents filed with the Securities and Exchange Commission on Wednesday.

Blair, 50, received other compensation of $213,753, including $123,976 in dividends paid on unvested shares of restricted stock and $58,509 in life insurance premium payments. ...