Monmouth Real Estate Investment CEO Michael Landy's 2021 pay jumps 29% to $1.3M

Monmouth Real Estate Investment reports 2021 executive compensation

By ExecPay News

Published: November 15, 2021

Monmouth Real Estate Investment reported fiscal year 2021 executive compensation information on November 15, 2021.

In 2021, five executives at Monmouth Real Estate Investment received on average a compensation package of $695K, a 23% increase compared to previous year.

Average pay of disclosed executives at Monmouth Real Estate Investment

Michael P. Landy, Chief Executive Officer, received $1.3M in total, which increased by 29% compared to 2020. 71% of Landy's compensation, or $912K, was in salary. Landy also received $40K in bonus, $230K in non-equity incentive plan, $3.6K in stock awards, as well as $91K in other compensation.

For fiscal year 2021, the median employee pay was $187,795 at Monmouth Real Estate Investment. Therefore, the ratio of Michael P. Landy's pay to the median employee pay was 7 to one.

Kevin S. Miller, Chief Financial and Accounting Officer, received a compensation package of $814K, which increased by 24% compared to previous year. 69% of the compensation package, or $566K, was in salary.

Eugene W. Landy, Chairman, earned $807K in 2021, a 22% increase compared to previous year.

Michael D. Prashad, General Counsel, received $291K in 2021, which increases by 10% compared to 2020.

Richard P. Molke, VP of Asset Management, earned $285K in 2021, a 14% increase compared to previous year.

Monmouth Real Estate Investment's fiscal year ends on September 30.