Marguerite Nader
Also at Equity LifeStyle Properties Inc
About
Marguerite Nader serves as the President and Chief Executive Officer at Equity LifeStyle Properties, Inc., as confirmed by the documents.
There is no available information regarding her personal background, educational credentials, or professional history before and during her tenure at ELS.
The documents do not provide details on her join date or the start date of her current role at the company, nor do they mention any promotions or additional positions held.
Consequently, while her role as CEO is clear, further insight into her career progression and personal details is not available from the provided documents.
$ELS Performance Under Marguerite Nader
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Equity LifeStyle Properties, Inc. (ELS) | President and Chief Financial Officer | May 2012 - October 2012 | N/A |
| Equity LifeStyle Properties, Inc. (ELS) | Executive Vice President and Chief Financial Officer | December 2011 - May 2012 | N/A |
| Equity LifeStyle Properties, Inc. (ELS) | Executive Vice President - New Business Development | February 2011 - December 2011 | N/A |
| Equity LifeStyle Properties, Inc. (ELS) | Executive Vice President - Sales and Marketing | February 2009 - February 2011 | N/A |
| Equity LifeStyle Properties, Inc. (ELS) | Senior Vice President of New Business Development | January 2007 - February 2009 | N/A |
| Equity LifeStyle Properties, Inc. (ELS) | Vice President of New Business Development | January 2001 - January 2007 | N/A |
| Equity LifeStyle Properties, Inc. (ELS) | Vice President of Asset Management | January 1998 - January 2001 | N/A |
External Roles
| Organization | Role | Date Range |
|---|---|---|
| National Association of Real Estate Investment Trust (NAREIT) | Executive Board Member | Current |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $641,568 | Annual | Fixed annual salary |
| All Other Compensation | $13,200 | Annual | Includes 401(k) matching contribution (100% of first 3%, 50% of next 2% up to max of $13,200) |
Performance Compensation
Performance-Based Cash Bonus
| Component | Performance Metric | Target/Threshold | Actual Result | Payment Amount | Notes |
|---|---|---|---|---|---|
| Core MH Revenue | Revenue Increase | 6.5% increase | Met | $658,540 | |
| Core RV Revenue | Annual core revenue & seasonal/transient revenue increases | 8.4% (core) & 3.0% (seasonal/transient) | Partially met | $493,905 | |
| Site and Member Optimization | Membership dues revenue, paid member sales units, RV dealer activations, expansion sites | N/A | Partially met | $452,746 | Four equal components |
| Core Net Operating Income | Core NOI growth & expense management | 5.5% increase (income); < 28.6% of core revenues (expenses) | Income target not met; Expense target met | $576,222 | Only the expense side reached target |
| Discretionary/Strategic Initiatives | Committee discretion | 30.0% of bonus | Evaluated post metrics | Included in bonus | Determined by the Compensation Committee |
| Total Bonus Potential | Bonus Potential as % of Base Salary | 290% of base salary | N/A | $1,759,376 | Aggregated bonus amount |
Performance-Based Restricted Stock Awards
| Description | Value/Metric | Details |
|---|---|---|
| Metric | Normalized FFO per Common Share (fully diluted) | Target Range: $2.79 to $2.89 |
| Grant Date | N/A | February 7, 2023 |
| Grant Date Fair Value | $72.51 per share | |
| Grant Date Stock Price | $72.51 per share | |
| Total Performance Shares | 12,542 shares | |
| Vesting Schedule | N/A | 1/3 vests on January 30, 2024; 1/3 on February 4, 2025; 1/3 on February 3, 2026 |
Performance-Based Vesting of Prior Awards
| Description | Amount/Metric | Details |
|---|---|---|
| Performance Metric | Normalized FFO per Common Share (fully diluted) | Target Range: $2.79 to $2.89 |
| 2021 Awards Vested | 4,753 shares | |
| 2022 Awards Vested | 3,989 shares | |
| 2023 Awards Vested | 4,180 shares | |
| Vesting Schedule | N/A | Vests in three equal installments on January 30, 2024; February 4, 2025; February 3, 2026 |
Evaluation Period: All performance metrics refer to the period ending December 31, 2023. Vesting and compensation evaluations were determined by the Compensation Committee based on the fulfillment of the respective performance conditions.