Monmouth Real Estate Investment CEO Michael Landy's 2018 pay jumps 42% to $1.5M
Monmouth Real Estate Investment reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Monmouth Real Estate Investment reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, four executives at Monmouth Real Estate Investment received on average a compensation package of $863K, a 20% increase compared to previous year.
Average pay of disclosed executives at Monmouth Real Estate Investment
Michael P. Landy, Chief Executive Officer, received $1.5M in total, which increased by 42% compared to 2017. 51% of Landy's compensation, or $788K, was in salary. Landy also received $161K in bonus, $290K in non-equity incentive plan, $211K in stock awards, as well as $83K in other compensation.
For fiscal year 2018, the median employee pay was $200,874 at Monmouth Real Estate Investment. Therefore, the ratio of Michael P. Landy's pay to the median employee pay was 8 to one.
Eugene W. Landy, Chairman, received a compensation package of $825K, which increased by 6% compared to previous year. 52% of the compensation package, or $431K, was in salary.
Kevin S. Miller, Chief Financial and Accounting Officer, earned $620K in 2018, a 11% increase compared to previous year.
Allison Nagelberg, General Counsel, received $475K in 2018, which increases by 1% compared to 2017.
Monmouth Real Estate Investment's fiscal year ends on September 30.
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Source: SEC filing on March 29, 2019.