Paul Smithers
2021
In 2021, Paul Smithers earned a total compensation of $7M as President and Chief Executive Officer at INNOVATIVE INDUSTRIAL PROPERTIES, a 275% increase compared to previous year.
Compensation breakdown
| Bonus | $1,260,000 |
|---|---|
| Salary | $840,000 |
| Stock Awards | $4,860,388 |
| Other | $8,700 |
| Total | $6,969,088 |
Smithers received $4.9M in stock awards, accounting for 70% of the total pay in 2021.
Smithers also received $1.3M in bonus, $840K in salary and $8.7K in other compensation.
Rankings
In 2021, Paul Smithers' compensation ranked 1,755th out of 12,415 executives tracked by ExecPay. In other words, Smithers earned more than 85.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,755 out of 12,415 | 86th |
Division Finance, Insurance, And Real Estate | 278 out of 2,276 | 88th |
Major group Real Estate | 14 out of 117 | 88th |
Pay ratio
| Paul Smithers' Pay | $6,969,088 |
|---|---|
| Median Employee's Pay | $179,765 |
| Pay Ratio | 39to 1 |
In 2021, the annual total compensation of Paul Smithers was $6,969,088.
The annual total compensation of the median employee at INNOVATIVE INDUSTRIAL PROPERTIES was $179,765.
The ratio of Paul Smithers' pay to the pay of median employee was therefore 39 to one.
Source: SEC filing on April 7, 2022.
Smithers' colleagues
We found three more compensation records of executives who worked with Paul Smithers at INNOVATIVE INDUSTRIAL PROPERTIES in 2021.