Griffin, who retired after nearly 14 years with the Columbia-based office developer, earned a base salary in each of the past two years of $645,000. But because the company failed to meet performance goals, Griffin did not receive an annual cash incentive award or equity awards based on share price, according to last week's filing. In 2010, he received a $1.03 million cash payout based on company performance and $2.26 million in equity performance awards.
The company's former president, Roger A. Waesche Jr., became COPT's chief executive at the end of March. Waesche's total 2011 compensation fell to $2.2 million from $3.3 million in 2010, the SEC filing showed.