INNOVATIVE INDUSTRIAL PROPERTIES Chairman Alan Gold's 2021 pay jumps 225% to $11M
INNOVATIVE INDUSTRIAL PROPERTIES reports 2021 executive compensation
By ExecPay News
Published: April 7, 2022
INNOVATIVE INDUSTRIAL PROPERTIES reported fiscal year 2021 executive compensation information on April 7, 2022.
In 2021, four executives at INNOVATIVE INDUSTRIAL PROPERTIES received on average a compensation package of $5.8M, a 207% increase compared to previous year.
Average pay of disclosed executives at INNOVATIVE INDUSTRIAL PROPERTIES
Alan Gold, Chairman, received $11M in total, which increased by 225% compared to 2020. 70% of Gold's compensation, or $7.8M, was in stock awards. Gold also received $2.3M in bonus, $1M in salary, as well as $8.7K in other compensation.
For fiscal year 2021, the median employee pay was $179,765 at INNOVATIVE INDUSTRIAL PROPERTIES. Therefore, the ratio of Alan Gold's pay to the median employee pay was 62 to one.
Paul Smithers, Chief Executive Officer, received a compensation package of $7M, which increased by 275% compared to previous year. 70% of the compensation package, or $4.9M, was in stock awards.
Catherine Hastings, Chief Financial Officer, earned $2.7M in 2021, a 131% increase compared to previous year.
Brian Wolfe, General Counsel, received $2.4M in 2021, which increases by 118% compared to 2020.
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Source: SEC filing on April 7, 2022.