United States

People: Pennsylvania Real Estate Investment Trust (PEI.N)

PEI.N on New York Stock Exchange

24 Mar 2017
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Korman, Leonard 

Mr. Leonard I. Korman is an Independent Trustee of Pennsylvania Real Estate Investment Trust. He has been Chairman and Chief Executive Officer, Korman Commercial Properties, Inc. (real estate development and management). Partner of The Korman Company, trustee of Thomas Jefferson University and member of the Albert Einstein Health Care Network Board of Overseers. Former director of CoreStates Bank, N.A. Served on the Regional Advisory Board of First Union National Bank, and the boards of The Pennsylvania Academy of Fine Arts and the Jewish Federation of Greater Philadelphia. Mr. Korman has been engaged in the acquisition, disposition, financing and management of residential and commercial real estate (including shopping centers) as an owner and senior executive for his entire adult life. In addition, he has served as a director of a large regional bank and on the boards of major community organizations. From this experience, Mr. Korman brings to the Board of Trustees an extensive knowledge of substantially all aspects of real estate investment, development and ownership, as well as valuable capabilities in strategic planning and finance.

Basic Compensation

Total Annual Compensation, USD --
Restricted Stock Awards, USD 83,168
Long-Term Incentive Plans, USD --
All Other, USD 81,000
Fiscal Year Total, USD 164,168

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --