Brooksher also was awarded $3.9 million in ProLogis shares in 2004 and received $1.3 million from the company's Long Term Incentive Plan, and $443,296 in other compensation. When his salary, bonuses and other compensation are included, he earned more than $8.2 million in 2004.
In addition, he exercised 288,183 stock options in 2004 for a profit of $4.75 million. He has another 897,684 options valued at $18.693 million. He also has 709,620 of unexercisable shared worth $9.1 million.
Irving F. Lyons III, the co-chairman of ProLogis, received a $1 million bonus on top of his $517,308 salary in 2004. He also received shares worth $3.9 million and $1.1 million from the LTIP. Other compensation for Lyons amounts to $259,130. He sold the same number of options as Brooksher—288,185 for a profit of $4.1 million. He has 562,044 exercisable options worth $1.9 million and 356,540 unexercisable options worth $4.6 million.
ProLogis investors did well last year, as the stock rose by 40.8%, trouncing the S&P 500 and out-performing the NAREIT Index. If $100 was invested in ProLogis in 1999, it would have been worth $300 at the end of 2004.
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