Preferred Apartment Communities CEO Joel Murphy's 2020 pay jumps 148% to $4.9M

Preferred Apartment Communities reports 2020 executive compensation

By ExecPay News

Published: April 15, 2021

Preferred Apartment Communities reported fiscal year 2020 executive compensation information on April 15, 2021.

In 2020, five executives at Preferred Apartment Communities received on average a compensation package of $1.8M, a 16% increase compared to previous year.

Average pay of disclosed executives at Preferred Apartment Communities

Joel T. Murphy, Chief Executive Officer, received $4.9M in total, which increased by 148% compared to 2019. 69% of Murphy's compensation, or $3.4M, was in stock awards. Murphy also received $800K in bonus, $699K in salary, as well as $39K in other compensation.

For fiscal year 2020, the median employee pay was $53,744 at Preferred Apartment Communities. Therefore, the ratio of Joel T. Murphy's pay to the median employee pay was 91 to one.

John A. Isakson, Chief Financial Officer, received a compensation package of $1.7M, which increased by 113% compared to previous year. 45% of the compensation package, or $738K, was in stock awards.

Jeffrey D Sherman, President - Multifamily, earned $919K in 2020.

Parker Boone DuPree, President - Office, received $841K in 2020.

Michael J. Cronin, Chief Accounting Officer, earned $754K in 2020, a 4% increase compared to previous year.