Agree Realty reports 2018 executive compensation

CEO Joel Agree receives $4.9M

Agree Realty reported fiscal year 2018 executive compensation information on March 12, 2019.

In 2018, four executives at Agree Realty received on average a compensation package of $1,716,096, a 82% increase compared to previous year.

Average pay of disclosed executives at Agree Realty

Joel Agree, Chief Executive Officer, received $4,882,765 in total, which increased by 24% compared to 2017. 68.87% of Agree's compensation, or $3,362,974, was in stock awards. Agree also received $877,000 in non-equity incentive plan, $609,712 in salary, as well as $33,079 in other compensation.

Laith Hermiz, Chief Operating Officer, received a compensation package of $865,234, which increased by 11% compared to previous year. 44.68% of the compensation package, or $386,606, was in stock awards.

Clayton Thelen, Chief Financial Officer, earned $647,260 in 2018, a 180% increase compared to previous year.

Richard Agree, Chairman, received $469,126 in 2018, which decreases by 1% compared to 2017.