Sotherly Hotels CEO David Folsom's 2021 pay falls 22% to $733K
Sotherly Hotels reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
Sotherly Hotels reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, three executives at Sotherly Hotels received on average a compensation package of $647K, a 10% decrease compared to previous year.
Average pay of disclosed executives at Sotherly Hotels
David. R. Folsom, Chief Executive Officer, received $733K in total, which decreased by 22% compared to 2020. 66% of Folsom's compensation, or $480K, was in salary. Folsom also received $166K in stock awards and $86K in other compensation.
For fiscal year 2021, the median employee pay was $199,155 at Sotherly Hotels. Therefore, the ratio of David. R. Folsom's pay to the median employee pay was 4 to one.
Andrew M. Sims, Chairman, received a compensation package of $704K, which decreased by 2% compared to previous year. 66% of the compensation package, or $462K, was in salary.
Anthony E. Domalski, Chief Financial Officer, earned $504K in 2021, a 2% increase compared to previous year.
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Source: SEC filing on March 31, 2022.