Monmouth Real Estate Investment CEO Michael Landy's 2019 pay slips 3% to $1.5M
Monmouth Real Estate Investment reports 2019 executive compensation
By ExecPay News
Published: March 31, 2020
Monmouth Real Estate Investment reported fiscal year 2019 executive compensation information on March 31, 2020.
In 2019, four executives at Monmouth Real Estate Investment received on average a compensation package of $859K, which is about the same as previous year.
Average pay of disclosed executives at Monmouth Real Estate Investment
Michael P. Landy, Chief Executive Officer, received $1.5M in total, which decreased by 3% compared to 2018. 56% of Landy's compensation, or $827K, was in salary. Landy also received $105K in bonus, $77K in option awards, $391K in stock awards, as well as $83K in other compensation.
For fiscal year 2019, the median employee pay was $191,000 at Monmouth Real Estate Investment. Therefore, the ratio of Michael P. Landy's pay to the median employee pay was 8 to one.
Kevin S. Miller, Chief Financial and Accounting Officer, received a compensation package of $748K, which increased by 21% compared to previous year. 66% of the compensation package, or $492K, was in salary.
Eugene W. Landy, Chairman, earned $662K in 2019, a 20% decrease compared to previous year.
Allison Nagelberg, General Counsel, received $544K in 2019, which increases by 14% compared to 2018.
Monmouth Real Estate Investment's fiscal year ends on September 30.
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Source: SEC filing on March 31, 2020.