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General Growth Pays CEO Sandeep Mathrani $39.2 Million in 2015

  • Includes $25 million grant connected to employment agreement
  • Mathrani earned $1.2 million in salary, $3 million bonus

General Growth Properties Inc. paid Chief Executive Officer Sandeep Mathrani $39.2 million in 2015, mostly in a stock award that will vest in 2020.

The $25 million stock award was granted in connection with a new employment agreement Mathrani signed in February 2015, the company disclosed Friday in a proxy statement. His compensation includes a $1.2 million salary, $3 million bonus and another $10 million stock award.